Etehreum was recently in the spotlight when it’s been revealed that the ETH app adoption is on the rise.
The number of people who are using apps that integrate ETH’s blockchain tech is on the rise, according to the latest reports.
It’s also important to mention the fact that this report highlights a sharp growth in the number of people who are using decentralized financial services built on the Ethereum network.
The value of ETH expected to rise by $4,300
There’s a popular crypto analyst who said that he expected the value of ETH to rise by more than 4,300% from its current price.
At the moment of writing this article, ETH is trading in the red, and the coin is priced at $222.78.
The online publication the Daily Hodl mentions Bitcoin Macro, an important analyst, who offered his forecast after he was asked by one of his followers to provide his year-end prediction for the coin.
Ethereum could climb to $10k in a new bull cycle
He said that ETH might climb to $10k in a brand new bull cycle.
https://twitter.com/BTC_Macro/status/1225181118418128896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1225181118418128896&ref_url=https%3A%2F%2Fdailyhodl.com%2F2020%2F02%2F09%2Fcrypto-analyst-calls-4300-ethereum-rally-with-eth-2-0-launch-on-the-horizon%2F
Ethereum 2.0
Ethereum developers are working hard these days for more developments surrounding the project.
In a recent AMA session on Reddit, developers working on ETH 2.0 said that they’re hoping to launch “phase 0” of Ethereum 2.0 by July 2020. Researcher Danny Ryan stated the following:
“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.”
It’s important to mark that Ethereum 2.0 is the next major upgrade of the project.
This will bring 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,” according to the online publication that has been mentioned above.