Ethereum 2.0 is focused to improve the scalability, security and programmability of the network. Many of them are happy and feel thankful because ETH 2.0 is happening at last. ETH is expected to set great standards in the industry and many believe that ETH will power the internet of value.
When the deposits for the smart contracts were called for several of them were discussing on whether they should be staking in ETH and on whether it was a good investment.
Retail buyers have been giving up on their position with ETH while cashing out their profits. There is a notable amount of greed in the cryptocurrency market. Analysts have to state that the ETH price is falling down because of the forth coming ETH 2.0 upgrade.
Sydney Ifergan, the crypto expert tweeted: “Ethereum (ETH) 2.0 Phase is coming and it is likely the price will go to extreme high. Big Time we fasten our seatbelts and most of them are preparing for ETH 2.0.”
CZ Binance expressed, “For the record, I love ETH. Without it, our industry (and Binance) will be much smaller.”
Vitalik expressed his appreciation to Binance’s good work. He also pointed to how the charity stuff they have been doing is valuable and sets a great example.
Further pointed to how merging is happening by folding the existing ethereum system into eth2 to retire the PoW chain and fully enable withdrawals. Also, this line of R&D is increasingly being prioritized and is getting done in parallel to sharding and other eth2 improvements.
While there is lot more work to be done, ultimately it is expected for the results to pay off after all the logic and technical problems are fixed. Many of them who decided to forget their ETH investments are trying to open up their old accounts to see how much they have.
Ethereum (ETH) Diversification of Assets
For those who are new to Ethereum, this is an open source network where investors invest in Ether (ETH) and also in several ERC-20 tokens. Ethereum is a good option for diversification of assets.
The price of the Ethereum is expected to grow in the long term. The blockchain technology is becoming famous and lot of crypto traders are using it. Ethereum is now focusing on improving energy efficiency and staking as opposed to mining and this is expected to bring in more of investor interest. Ethereum is already huge and it is expected to work wonders for individuals, businesses and also every facet of life.