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.

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:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS