Will Eth2 substantially increase Ether's price?

thecodebear

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Quote from: sana54210 on December 05, 2020, 10:51:20 AM

We are already increasing at a rapid pace this year, 2020 has increased the price more than x3, I am not sure if it could get any more "substantial" than that. What do people expect from ETH 2.0 for example? Do you expect it to be something that could potentially increase the price x10 on top of this? I doubt that could be the case, that would take ethereum market cap to insane levels, which is why I doubt it would happen.

Maaaaybe another x3 on top of this x3? That could be possible and not unlikely but that is about the all they could do honestly. Which is why I highly think that the best course of action would be to expect a good deal of increase from ETH but not "substantial" as in what usually call a x10 or more would be about because that is unlikely for ETH right now.

Well Eth2 is supposed to scale Ethereum by about 3000x once the upgrade is complete in the next two years, which will obviously allow a vastly larger network of applications to run on Ethereum. We should see DeFi have the opportunity to explode on Eth2.

It also allows staking of coins, which is going to entice a lot of people to stake their coins long term and just pick up that income yield, and it will likely entice new big money players to buy enough Ethereum in order to stake to get that income. If let's say 30 million Ether are eventually staked, they would have an annual staking reward of 3.3%, which is a good yield compared to stock dividends, but add in the fact that your yield is being paid in Ethereum which is an exploding asset instead of cash or stocks that average about 7% annual gains over the long term, and Ethereum is a much more attractive asset to derive a yield from than the stock market. Already 1.29% of the entire supply of Ethereum is staked and the staking chain just started two weeks ago!

So yes between the increase in usage implied by a 3000x improvement in scalability and how much Ethereum is likely to be taken off the market to be staked, substantial growth in price due to Eth2 seems likely.

aemma

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The Ethereum upgrade or Eth2 is anticipated to bring about many changes and updates, and taking into account the potential of the Ethereum blockchain there is every tendency that the price will increase but hardly can anyone say for certain if the 5 digits mark will be possible because many factors always affects the market. Also, in the case of expansion, I think the whole reason for the upgrade is to expand the Ethereum network while making it suited for what the future holds. This i think is true because the crypto space is advancing and many more people and platforms are joining the Ethereum blockchain each day and hence, in order to maintain these users and platforms, the Ethereum blockchain needs to be enhanced which of course will lead to more growth and expansion both in price and in services; through this, of course Ethereum will continue to top the chart while beating other coins.

sana54210

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We are already increasing at a rapid pace this year, 2020 has increased the price more than x3, I am not sure if it could get any more "substantial" than that. What do people expect from ETH 2.0 for example? Do you expect it to be something that could potentially increase the price x10 on top of this? I doubt that could be the case, that would take ethereum market cap to insane levels, which is why I doubt it would happen.

Maaaaybe another x3 on top of this x3? That could be possible and not unlikely but that is about the all they could do honestly. Which is why I highly think that the best course of action would be to expect a good deal of increase from ETH but not "substantial" as in what usually call a x10 or more would be about because that is unlikely for ETH right now.

CuriousGeorge

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Quote from: lifeOK on December 05, 2020, 09:32:33 AM

Quote from: ?? on ??

Of course you can as long as eth can condition eth 2 with the current market I think a decline in eth fee will occur and can be suppressed quickly

I'm looking for ethereum $800 next target, even I wouldn't be surprised to see ETH double in value next week or onwards. It's bull market now so think for good. Hopefully Ethereum 2.0 will fulfill the condition to meet all the requirement to touch ATH.

You forgot something about ethereum 2.0 if ethereum 2.0 will have divided into some phases. The users will not FOMOing the update.
The amounts of ethereum that already staked in the ethereum 2.0 chain will be locked for almost a year.

This time the pump happens with ethereum is only the bitcoin's effect. Bitcoin pumped and everything will do the same like bitcoin too.

lifeOK

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Quote from: ?? on ??

Of course you can as long as eth can condition eth 2 with the current market I think a decline in eth fee will occur and can be suppressed quickly

I'm looking for ethereum $800 next target, even I wouldn't be surprised to see ETH double in value next week or onwards. It's bull market now so think for good. Hopefully Ethereum 2.0 will fulfill the condition to meet all the requirement to touch ATH.

Reatim

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Seems like the answer has been given sine the First block already released but the reaction of market is plain and flat.
Wondering why its been half a week but Ethereum market is still going normal as if there is no event happens/
Isn't t in the past months that we often see threads and accounts that constantly talking about this?why now it is a regular market in which the price had fell down since last night.

mnporter2001

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Quote from: thecodebear on November 24, 2020, 01:38:58 PM

Will the scaling upgrades and the staking of Eth2 make Ethereum significantly more valuable?

I'm talking about instead of Ethereum launching up into the low to mid four digits, could Eth2 push Ethereum to say 5 digits in the coming years so that Ethereum joins Bitcoin as a dominant chain in the blockchain industry, rather than just the main chain in the market of what's left over outside of Bitcoin?

No one can be sure of this, I just know that Ethereum 2.0 has a PoS algorithm and that is where investors can safely make profits. Therefore, when calling for ETH to be deposited into the PoS program, investors' need to buy ETH will increase -> leading to the price of ETH will increase.
But if the general economy recovers gradually and Covid 19 is well controlled, then it is possible that ETH will return to the old peak of ATH in 2021. It is the top altcoin that is most interested in this Q4. So when ETH 2.0 kicks in, that's when it grows strongly.

davinchi

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Considering it has already increased from 330 dollar levels to nearly double of that very quickly and even in the past one week we have managed to go up 15% in price as well, I think we could easily say that ethereum has increased substantially just from the news of the phase 0 and this is just phase 9 announcement that has increased the price so much.

If we get to actually reach the phase 2 and not just the news of it, actual itself we are going to see ETH above 1000+ for sure, even higher if you ask me. And when we actually spend some time at PoS and with 2.0, over course of months and months, we are going to keep growing and growing. Main reason would be instead of miners using electricity and equipment to mine it and have costs that requires them to sell ETH to cover it, there will be people who stake it and make money without any costs.

Twinkledoe

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Quote from: imstillthebest on December 04, 2020, 12:12:10 PM

will that scalling upgrade fix the scalling problems of eth or it will just make the problem big as what it name says because it says upgrade .

fixing the scaling problems will attract more users to use eth but the upgrade may also bring more new features to eth and that can still attract new users to use eth .

to the new pos system i dont know if that will excite users because if i look on other pos coins , i dont see any extra ordinary to them but btc is pow and its far more better than pos coins .

We haven't seen yet the effect of eth 2.0 or experience the impact of this new version. Maybe when we feel its significance of existence, the price may rise accordingly. But don't expect too much as it should really give benefits to eth users especially the gas fee problem. But yes, the price rise is very imminent on this project.

fia_naila

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Quote from: thecodebear on November 24, 2020, 01:38:58 PM

Will the scaling upgrades and the staking of Eth2 make Ethereum significantly more valuable?

I'm talking about instead of Ethereum launching up into the low to mid four digits, could Eth2 push Ethereum to say 5 digits in the coming years so that Ethereum joins Bitcoin as a dominant chain in the blockchain industry, rather than just the main chain in the market of what's left over outside of Bitcoin?

What sort of price future do you see for Ethereum in the coming years as Eth2 is implemented and fully brought on line. Will we see another vast expansion of Ethereum that far outstrips other top coins? Or you just think Eth2 will allow Ethereum to remain relevant and continue the sort of expansion you'd expect with the general crypto market expansion?

Or else we will never see eth above $3000 ? Why ? Because when eth migrate to staking its mean eth did not consume energy anymore and it is mean people whi have eth 36 they will onky stake it then sell it to other people.the orice of btc skyrocket because it is more difficult ti mine. You need expensive miner and electricity.

imstillthebest

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will that scalling upgrade fix the scalling problems of eth or it will just make the problem big as what it name says because it says upgrade .

fixing the scaling problems will attract more users to use eth but the upgrade may also bring more new features to eth and that can still attract new users to use eth .

to the new pos system i dont know if that will excite users because if i look on other pos coins , i dont see any extra ordinary to them but btc is pow and its far more better than pos coins .

RealMalatesta

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It has already increased the price substantially at phase 0, think of what it can achieve at phase 2. I am telling you, we are going to see a lot of increases in ethereum price in 2021. It is going to be fun to watch, thankfully I have bought myself some ETH at around 260 dollar levels, so I am already in profit and have no fear at all, and with whats ahead in 2021 we are going to see ethereum price reach to a level where price will be 1000+ because of all the developments.

We are going to see phase 1, phase 1.5 and phase 2 all withing 2021 hopefully, even though it may take as much as one year I believe it is going to be around 10 months or so for the price to calculated in for it, and that means by September or so next year, we are going to see maybe even ATH from ethereum price.

asriloni

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Quote from: edandrada on December 02, 2020, 01:40:47 PM

suprisingly, price of eth fall %5 after first genesis block in eth 2.0
in short term price will increase, but i dont think it will make 2x or more.

It's quite difficult to happen. The surge in ethereu's price caused by the bitcoin pump. Ethereum is not yet getting a significant pump since ethereum 2.0 was getting launched a few days ago. This proven that if people are not FOMO ing ethereum 2.0
They think about the future development of ethereum 2.0
If ethereum could get another 100% pump and it might have surpassed its ATH.
It will not happen for sure.

Willitivity

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Eth2 is a major milestone for the Ethereum platform and ecosystem. The event looks bigger than the recent bitcoin halving event few months back so it's definitely bound to cause a substantial increase in price. I am not talking of $600 - $700 prices but somewhere in the tone of $1500 - $2000 or more depending on a number of factors. Ethereum is the biggest platform after bitcoin. It almost did a flippening on bitcoin in 2017 but it was plagued by same problem like btc.

Quote from: montaga on December 04, 2020, 01:55:46 AM

Given that 1 Eth is currently 23.35 Eth2
Eth is $607
Eth2 currently trading at $26

https://trade.kucoin.com/ETH2-ETH
(Future)

Hope you did not buy expensive Eth when you could have gotten 23 Eth2 for the same money

This is just a derivative by kucoin and doesn't reflect eth2. With the little I know, Ethereum eth1 and eth2 will still use same eth token.

montaga

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Given that 1 Eth is $607

https://trade.kucoin.com/ETH2-ETH (Futures)

Hope you did not buy expensive Eth

Salauddin1994

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Eth 2 will increase the price of ether significantly as it will take a long time eth's price has started to rise in the crypto market its morality is very difficult to verify who can say where to go if the current price hike is not introduced at the current price its high demand will soon increase the price of etherium. There is a gap of some time we have to wait patiently the amount of fees will come down a lot and the amount of investment will increase.

WalkerIVIV

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Quote from: ?? on ??

Of course you can as long as eth can condition eth 2 with the current market I think a decline in eth fee will occur and can be suppressed quickly

it will not happen soon as the first phase of ethereum 2.0 update will be happening soon. there's no news about whent he sharding will be implemented and the fees will be the same as when ethereum 2.0 was not yet launched.
BTW the current tx fees is low but it's caused by there no lots of people who have been massively filling the block to increase the tx fees.
We are still in the early journey of ethereum 2.0

culuuton

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Quote from: Kang TB on December 03, 2020, 02:06:02 PM

Quote from: thecodebear on November 24, 2020, 01:38:58 PM

Will the scaling upgrades and the staking of Eth2 make Ethereum significantly more valuable?

I'm talking about instead of Ethereum launching up into the low to mid four digits, could Eth2 push Ethereum to say 5 digits in the coming years so that Ethereum joins Bitcoin as a dominant chain in the blockchain industry, rather than just the main chain in the market of what's left over outside of Bitcoin?

What sort of price future do you see for Ethereum in the coming years as Eth2 is implemented and fully brought on line. Will we see another vast expansion of Ethereum that far outstrips other top coins? Or you just think Eth2 will allow Ethereum to remain relevant and continue the sort of expansion you'd expect with the general crypto market expansion?

i believe if eth 2.0 will bring the price of eth to grow, but not in short period time, wich mean need more time to make eth price stay in 5 digits my friend
even next year i think ethereum price will only stay in 4 digits

ETH2 will increase the influence of ETH, one for sure with a superior platform. The 4 digits but not 5 digits price was reasonable before bitcoin surpassed $100,000 because the market cap couldn't be more than bitcoin, the development of an altcoin is difficult to separate bitcoin.

peter0425

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Quote from: Ridwan Fauzi on December 03, 2020, 05:31:12 AM

I think this factor that deliver ETH price touched $600 barrier. ETH is a good coin so far, there is so many altcoin who use the blockchain ETH.

This maybe the reason why ETH reach 600$ level because of the support and the expectation of many investors ,But 2 days after the first Block Ethereum stays at 600$,I don't know whats the sentiment of the people now.

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Especially in this situation where many people be fond of DeFi system. A few months ago, as we already know the transaction that ETH blockchain increased and make many transaction delayed also has made the fee for one transaction, it was really crazy.

The Increase of the Transaction fee of Ethereum Block chain recently is a Proof that ETH is really closing to Bitcoin now,because it is not only the Bitcoin Blockchain experience congestion buy also Ethereum.

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But with this upgrade who made by its developer I think it will give a good effect for ETH. The transaction will run normally even it will be better than before. And these thing will also deliver for ETH price touch even pass the privious all time high i.e $1200, let see.

How long it may take before the good effect be feel?because as of now there is no even sign of Ethereum going moon.

Kang TB

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Quote from: thecodebear on November 24, 2020, 01:38:58 PM

Will the scaling upgrades and the staking of Eth2 make Ethereum significantly more valuable?

I'm talking about instead of Ethereum launching up into the low to mid four digits, could Eth2 push Ethereum to say 5 digits in the coming years so that Ethereum joins Bitcoin as a dominant chain in the blockchain industry, rather than just the main chain in the market of what's left over outside of Bitcoin?

What sort of price future do you see for Ethereum in the coming years as Eth2 is implemented and fully brought on line. Will we see another vast expansion of Ethereum that far outstrips other top coins? Or you just think Eth2 will allow Ethereum to remain relevant and continue the sort of expansion you'd expect with the general crypto market expansion?

i believe if eth 2.0 will bring the price of eth to grow, but not in short period time, wich mean need more time to make eth price stay in 5 digits my friend
even next year i think ethereum price will only stay in 4 digits

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