• Coin Bureau host Guy Turner is listing two catalysts that could potentially trigger a bullish run for Ethereum (ETH).
• Proto-danksharding upgrade and enhanced privacy efforts are the two upcoming milestones that could send ETH’s price higher.
• This upgrade will allow Ethereum to reach a level of scalability comparable with centralized computer systems, while enhanced privacy efforts will attract institutional investors.
Two Catalysts Could Send Ethereum’s Price Exploding Higher
Coin Bureau host Guy Turner is listing two catalysts that could potentially trigger a bullish run for Ethereum (ETH). According to Turner, these two upcoming milestones could send ETH’s price higher.
The first milestone is the proto-danksharding upgrade, which will address Ethereum’s main bottleneck to scalability – data availability. This upgrade will make it possible for special blobs of data to exist on the Ethereum blockchain, thus increasing scalability, lowering fees and increasing transaction speeds on its layer-2s.
Enhanced Privacy Efforts
The second milestone is an effort to enhance privacy on the platform. Vitalik Buterin has noted privacy as one of the ‘three transitions that Ethereum must implement or else it will fail’, citing stealth addresses as one solution. Enhanced privacy efforts should attract institutional investors who require more security when making transactions.
Increased Institutional Interest
The Shappella upgrade has increased institutional interest in ETH, further driving up demand and potentially leading to an increase in price.
These upcoming milestones have the potential to propel Ethereum’s reputation and performance within the cryptocurrency space and drive its price even higher than before.