Ethereum (ETH) Price may increase by 250% by the end of 2019

By Ulu_Olcayto | Bitcoin Vs Altcoin | 29 Sep 2019


The Ethereum has recently been updated to help solve the scalability issue seen in the Ethereum Blockchain. With these latest innovations, the Ethereum (ETH) price has the potential to increase by 250% by the end of 2019

These updates are defined as a ”maintenance and optimization upgrade Eth that adds new network-wide rules to Ethereum software.

was previously withdrawn twice in October 2018 and January 2019 due to issues identified in the update code. However, Ethereum developers finally managed to fix these errors, which enabled the update to occur in block 7,280,000.

The update offered significant improvements in the background of the software. The most important aspect of the update was that it reduced the mining prize from 3 ETH per block to 2 ETH. This can be seen as a step to effectively reduce inflation in the Ethereum network by restricting supply.

With the scalability of the Ethereum entering the market, it provides a very good basis for the bulls to initiate a new bull movement towards the $ 500 level. Ethereum's scalability problem was the biggest weakness seen during the 2017/2018 big bull run, as the network could only handle 20-25 transactions per second. Constantinople and St. The Petersburg updates have solved the problem of scalability considerably.

Given the current market situation, a price increase of 250% may seem like a dream. However, this hopeless dream may become a strong reality if the bear market leaves the market. For a price increase of 250%, the price movement will only reach its high level in July 2018.351665157-3ec21fc070af2a47dcc408d1f07fc5259f341d9e191ad9487845a29cb7281d29.jpeg

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