WEB Ether ETH Price Could Hit $10,000 or Higher After Being Overshadowed by Bitcoin BTC Analyst Says
The aim of the upgrade is to increase Ethereum's scalability and security
Ethereum has been overshadowed by Bitcoin in recent months, but one analyst believes that ETH could soon hit $10,000 or higher. The analyst, who goes by the name of "The Crypto Dog," says that Ethereum's upcoming Constantinople upgrade could be a major catalyst for growth.
The Constantinople upgrade is scheduled to be released in January 2019.
The upgrade will include a number of changes that are designed to improve Ethereum's scalability and security. These changes include a new consensus algorithm called "Casper," which is designed to be more efficient than the current Proof-of-Work algorithm.
The Crypto Dog believes that the Constantinople upgrade could make Ethereum more attractive to investors. He says that the upgrade could make Ethereum more usable for everyday transactions, which could lead to increased demand for the cryptocurrency.
Of course, there is no guarantee that the Constantinople upgrade will be a success. However, if the upgrade is successful, it could be a major catalyst for growth for Ethereum. As a result, investors should keep a close eye on the development of the upgrade.
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