What Levels Are Expected in Ethereum?

What levels are expected in Ethereum? How many dollars ETH can reach? Lark Devis will answer these questions.

Lark Davis, one of the well-known names in the cryptocurrency market, announced the first steps of the mega bull run. Davis, who believes that the second largest cryptocurrency Ethereum will reach $ 10,000, explained this prediction for more than one reason.

Why Will Ethereum Price Rise?

Criticisms over the environment model, which has become more popular in recent days, can be ended with the transition to the Proof of Stake network. Also, with PoS, Ethereum's energy consumption is predicted to drop drastically. This supports the HODL mentality of ETH investors. The EIP-1559 development protocol is expected to be of great benefit to the Ethereum ecosystem. With EIP-1559, ETH spent for transaction fee will be burned permanently. Davis stated that this is basically a protocol that reduces the supply, and that this update will increase the price of Ethereum. Ethereum 2.0 is the biggest expected update on the ETH network. With the transition to ETH 2.0, scalability problems are solved, while on the other hand, network efficiency is aimed. According to Lark Davis, this update will add tremendous value to Ethereum. Lark Davis noted that despite many competitors in the industry, the best DeFi protocols remain on Ethereum. According to the famous analyst; Efficient applications with the deepest liquidity maintain its value based on the Ethereum blockchain. Investors are closely watching Ethereum and its innovative updates. Large companies and institutions are also increasingly interested in Ethereum. In addition, developments such as rewards and transaction fee burning encourage big players to buy Ethereum. At the time of writing, the second largest cryptocurrency, Ethereum, is trading at $ 2,586.