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ETH price by Dec 2023
At the time of writing this article #ETH is trading around $1850. But what if I told you that by Dec 2023 ETH should be at least $3k a piece. I understand it's not easy but then what is the reason that convinces me that ETH could potentially go up to $3k by Dec. Let's deep dive into it.
'We are in for the tech' a loosely used phrase in Crypto but as a matter of fact, we all adhere to it but only in our subconscious mind. We usually ignore the tech part when it comes to #Crypto but, ironically, that is the most important driver for any project to grow. Imagine would you be investing for long term in a coin if there are no developments, I don't think, unless it's a meme coin. Therefore, technology definitely plays an integral part when it comes to price explosion. You can see the history of coins/tokens that have rallied always had tech as the main driver.
So what's this news which makes ETH so bullish?
There is a huge upgrade/news that is about to be released and this tech enhancement is called Ethereum Improvement Proposals(EIP) 4844. Many are underestimating the true strength of #EIP and its ability to change the course how Ethereum will be run in future. EIPs play a pivotal role in how changes happen and are documented on Ethereum. They are the way for people to propose, debate, and adopt modifications. It will describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. Every network upgrade consists of a set of EIPs that need to be implemented by each Ethereum client on the network. This means that to stay in consensus with other clients on the Ethereum Mainnet, client developers need to make sure they have all implemented the required EIPs. This is EIP in a nutshell.
But how relevant is this EIP in the context of #price. I see this upgrade to have a massive impact on price and a bullish move going forward. It will not only effect ETH price but also major L2s like ARB and OP. Of course, there are other factors that could change things with course of time for example #BTC price moving in a bearish way or any other fundamental/macro negative update from the Fed. But all in all, ETH should grow organically from here and touch the price I mentioned above.
Here is my prediction for ETH in short and long term:
Price by Dec 2023 -> $3k
Bull peak price -> $15k
If you want to read more about EIP-4844 check out #Binance academy.
'We are in for the tech' a loosely used phrase in Crypto but as a matter of fact, we all adhere to it but only in our subconscious mind. We usually ignore the tech part when it comes to #Crypto but, ironically, that is the most important driver for any project to grow. Imagine would you be investing for long term in a coin if there are no developments, I don't think, unless it's a meme coin. Therefore, technology definitely plays an integral part when it comes to price explosion. You can see the history of coins/tokens that have rallied always had tech as the main driver.
So what's this news which makes ETH so bullish?
There is a huge upgrade/news that is about to be released and this tech enhancement is called Ethereum Improvement Proposals(EIP) 4844. Many are underestimating the true strength of #EIP and its ability to change the course how Ethereum will be run in future. EIPs play a pivotal role in how changes happen and are documented on Ethereum. They are the way for people to propose, debate, and adopt modifications. It will describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. Every network upgrade consists of a set of EIPs that need to be implemented by each Ethereum client on the network. This means that to stay in consensus with other clients on the Ethereum Mainnet, client developers need to make sure they have all implemented the required EIPs. This is EIP in a nutshell.
But how relevant is this EIP in the context of #price. I see this upgrade to have a massive impact on price and a bullish move going forward. It will not only effect ETH price but also major L2s like ARB and OP. Of course, there are other factors that could change things with course of time for example #BTC price moving in a bearish way or any other fundamental/macro negative update from the Fed. But all in all, ETH should grow organically from here and touch the price I mentioned above.
Here is my prediction for ETH in short and long term:
Price by Dec 2023 -> $3k
Bull peak price -> $15k
If you want to read more about EIP-4844 check out #Binance academy.
#TrendingTopic
🪙 Ethereum devs debate future of account abstraction
Ethereum’s Dencun upgrade is all set for March 13, as Thursday’s core developer call reiterated that client teams are all-systems-go for #mainnet . Attention quickly returned to the candidates for inclusion in the next upgrade after Dencun, now referred to as Pectra — and specifically the Ethereum Improvement Proposals (#EIP ) that deal with issues of account abstraction.
Source
#BTC #ETH $ETH
🔵 @WISE CRYPTO NEWS
🪙 Ethereum devs debate future of account abstraction
Ethereum’s Dencun upgrade is all set for March 13, as Thursday’s core developer call reiterated that client teams are all-systems-go for #mainnet . Attention quickly returned to the candidates for inclusion in the next upgrade after Dencun, now referred to as Pectra — and specifically the Ethereum Improvement Proposals (#EIP ) that deal with issues of account abstraction.
Source
#BTC #ETH $ETH
🔵 @WISE CRYPTO NEWS
A new Ethereum Improvement Proposal ( #EIP ), #EIP7540 , is being proposed to introduce asynchronous deposit and redemption flows as an extension to the existing ERC-4626 tokenized vault standard. #ERC -4626 sets the standards for yield-bearing vaults, which are #smartcontracts designed to execute strategies and reward token depositors. These vaults are built to be atomic, meaning that deposit and redemption happen simultaneously.
EIP-7540 is aimed at enabling asynchronous transactions, which could benefit various protocols, including those dealing with real-world assets (RWA), cross-chain lending, and liquid staking. Asynchronous transactions allow different actions to occur at different times based on specific conditions. For instance, when a lender deposits collateral, the borrower might receive their share only after meeting certain criteria.
Currently, each RWA protocol manages its unique off-chain processes, and EIP-7540 seeks to standardize how protocols handle both on and off-chain transactions. However, it's important to note that implementing asynchronous transactions might introduce more complexity and potential security risks compared to atomic flows.
Jeroen Offerijns, who is both the co-author of EIP-7540 and the CTO of Centrifuge, emphasizes the necessity for thorough testing and auditing when implementing asynchronous vaults. He also suggests that standardization can be beneficial by creating reusable property test suites. Offerijns acknowledges that asynchronous flows could put added pressure on protocols to ensure fair execution and mentions that Centrifuge has developed mechanisms to protect against frontrunning.
EIP-7540 is currently in its early stages and will undergo discussion on #Ethereum Magicians forums before progressing to review, a last call, and, ultimately, a final stage for acceptance once a consensus is reached.
EIP-7540 is aimed at enabling asynchronous transactions, which could benefit various protocols, including those dealing with real-world assets (RWA), cross-chain lending, and liquid staking. Asynchronous transactions allow different actions to occur at different times based on specific conditions. For instance, when a lender deposits collateral, the borrower might receive their share only after meeting certain criteria.
Currently, each RWA protocol manages its unique off-chain processes, and EIP-7540 seeks to standardize how protocols handle both on and off-chain transactions. However, it's important to note that implementing asynchronous transactions might introduce more complexity and potential security risks compared to atomic flows.
Jeroen Offerijns, who is both the co-author of EIP-7540 and the CTO of Centrifuge, emphasizes the necessity for thorough testing and auditing when implementing asynchronous vaults. He also suggests that standardization can be beneficial by creating reusable property test suites. Offerijns acknowledges that asynchronous flows could put added pressure on protocols to ensure fair execution and mentions that Centrifuge has developed mechanisms to protect against frontrunning.
EIP-7540 is currently in its early stages and will undergo discussion on #Ethereum Magicians forums before progressing to review, a last call, and, ultimately, a final stage for acceptance once a consensus is reached.
