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Ethereum is a project that has been gaining a lot of traction and popularity. It’s been surrounded by a lot of hype considering the upcoming upgrade and the price of ETH mirrored all this.
At the moment of writing this article, ETH is trading in the green and the coin is priced at $2,638.95.
Check out CoinDesk’s tweet about the upcoming upgrade:
COUNTDOWN TO LONDON: In less than 24 hours, the London hard fork upgrade is going live on #Ethereum. It contains 5 code changes including Ethereum’s fee market change dubbed EIP 1559, as well as 4 additional Ethereum Improvement Proposals.
More information below ⬇️
— CoinDesk (@CoinDesk) August 4, 2021
They also shared the following message: “#EIP1559 is the most talked about piece of the London upgrade and rightfully so. This proposal will alter Ethereum’s fee market so that ETH spent on minimum transaction fees will get removed from circulation instead of being awarded to miners.”
#EIP3529 is titled ‘A Reduction In Refunds’. The proposal was motivated by the increasing misuse of gas tokens on Ethereum bloating the network’s state size. Furthermore, the EIP aims to reduce current block size variance.
— CoinDesk (@CoinDesk) August 4, 2021
Check out the complete threat that CoinDesk shared on Twitter in order to learn all there is to know about this massive step that the project will be taking.
Ethereum bullish prediction
There are various Bitcoin and Ethereum optimistic predictions these days. Check out the latest ones below.
An important crypto analyst said that he is expecting Bitcoin and Ethereum to put up some pretty amazing performances towards the end of 2021.
The crypto strategist who is known in the industry as Inmortal said that Ethereum is poised to ignite a strong rally against Bitcoin (ETH/BTC) and surge as high as 0.11 BTC.
He also says that a “flippening,” or an overtaking of Bitcoin in terms of market cap, is in store for Ethereum.