As we all know, every upgrade of ETH will double the currency price. From EIP1559 in August 21 to the ETH merger in September last year to the Shanghai upgrade in April this year, the currency price has achieved a feat of doubling. Then what happens next? When will the next Cancun upgrade be held?
Ethereum’s Cancun upgrade has determined the version number and updated content. According to data obtained on the Ethereum Developer Forum, there are a total of 18 proposals for this upgrade, which are very many, including the highly popular EIP6601 and 6690, but in the end the Ethereum Foundation only selected 5 proposals to deploy this upgrade. The most critical one is EIP4844, which improves the running speed of Ethereum and reduces usage costs. Other proposals selected for the upgrade include reducing storage costs. EIP1153, 4788 that improves the stability of staking, 5656 that adds EVM small code, and EIP6780 that removes the termination of smart contracts. I don’t need to say more about the increase in Ethereum each time it is upgraded;
Even the Shanghai upgrade that released the pledge in April this year, such a negative update can make Ethereum skyrocket from one thousand to two thousand one, so think about it, this time the increase will definitely not be small, because this time It is purely a positive upgrade. When it comes to growth, one feature of the Ethereum upgrade is that the market begins to warm up a few months before the upgrade, so the currency price will start to rise in advance, instead of starting to rise on the day of the upgrade. The popularity It will last for several months and the increase will double every time;
For example, in the EIP1559 upgrade in 2021, Ethereum exploded from 1,700 to 4,000. Last year’s POS merger caused Ethereum to FOMO from 900 to 2,000. Even this year’s relatively unfavorable Shanghai upgrade, Ethereum started to be hyped from 1,000 at the beginning of the year. , and then reached a high of 2100 during the upgrade in April this year, so the real big market this year is still to come, and smart money is constantly increasing their holdings of chips to prepare in advance for the upcoming upgrade;
So when will this crucial Cancun upgrade be launched? According to the news observed on the Ethereum Developer Forum, developers are already preparing for the upgrade. Optimistically, the upgrade will start in September this year, but Everyone knows that Ethereum upgrades are often delayed for several months. Last year's Ethereum merger was postponed from June to September, and this year's Shanghai upgrade was also delayed for several months, so the Cancun upgrade was postponed in September. It’s just a theoretical time, maybe it won’t be officially launched until November;
But I also talked about the Ethereum upgrade before. The market always warms up in advance and rises for several months. Therefore, even if it is upgraded in November, it should start to rise in September, so those in the currency circle are well-informed. The big players have already begun to make arrangements in advance, but what about you?
