Main navigation

Investor Names Reason Why Ethereum Will Hit $10,000

Sat, 04/09/2022 - 11:30
article image
Yuri Molchan
Lark Davis explains why he believes Ethereum will reach the $10,000 price mark
Investor Names Reason Why Ethereum Will Hit $10,000
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Crypto investor and content creator Lark Davis has tweeted that he is positive that after Ethereum 2.0. upgrade is launched, the second biggest digital currency ETH is going to skyrocket to $10,000 per coin.

“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.

Related
Record 1.3 Billion SHIB Burned But Token Price Remains in Decline

The upgrade is expected this summer, even though, it has not been confirmed yet. It will ensure Ethereum chain will switch from Proof-of-Work to the Proof-of-Stake consensus protocol, which will make it more green compared to Bitcoin and other PoW coins.

The consumption of energy by ETH miners will drop by 99 percent and a lot fewer ETH coins will be minted, therefore the circulating Ethereum supply is expected to shrink.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.