A popular crypto analyst says he expects the value of Ethereum, the world’s leading smart-contract blockchain, to skyrocket by over 4,300% from its current price of $225.
Bitcoin Macro gave his fearless forecast after being asked by one of his followers to provide his year-end prediction for the coin, saying ETH may climb to $10,000 in a new bull cycle.
Not EOY, but I expect ~$10k next bull run.
— Bitcoin Macro (@BTC_Macro) February 5, 2020
Ethereum developers say they’re making strides behind the scenes.
In a recent Ask Me Anything session on Reddit, developers working on ETH 2.0 say that they’re hoping to launch “phase 0” of Ethereum 2.0 by July 2020. Researcher Danny Ryan writes,
“Phase 0 will certainly launch in 2020. Audits are out and testnets are getting stronger every week. I don’t see a reality in which Phase 0 does not launch in 2020.”
Ethereum 2.0 is the next major upgrade of the second-largest cryptocurrency. It promises key improvements such as increased transaction throughput and the implementation of a proof-of-stake model that allows holders of ETH to earn rewards in return for powering the network.