Lark Davis explains why he believes Ethereum will reach the $10,000 price mark
Crypto investor and content creator Lark Davis has tweeted that he is positive about it after Ethereum 2.0. The upgrade is rolling out, and the Ethereum price will skyrocket to $10,000.
#ethereum 2.0 is coming, and yes, it will be the catalyst to send ETH to 10K, sorry haters, but it is happening!
— Lark Davis (@TheCryptoLark) April 9, 2022
The reason why Ethereum price will hit $10,000
“Sorry, haters,” he added.
Earlier this week, billionaire Mark Cuban shared a similar view; however, unlike Davis, the owner of Dallas Mavericks said he was “very bullish” on Ethereum after the implementation of the “Merge” – another name for Ethereum 2.0.
The upgrade is expected this summer, though it’s yet to be confirmed. It will ensure the Ethereum chain will move from Proof-of-Work to Proof-of-Stake consensus protocol, which will make it greener compared to Bitcoin and other PoW coins.
The energy consumption of ETH miners will decrease by 99%, and there will be a lot less ETH to be mined, so the circulating supply of Ethereum is expected to shrink.
Read more:
- Anonymous Ethereum Millionaires Move More Funds To Staking Contract
- Ethereum Foundation Provides More Information On The Merge And What To Expect In The Coming Months