Crypto investor and content creator Lark Davis has tweeted that he is positive about it after Ethereum 2.0. The upgrade is rolling out, and the Ethereum price will skyrocket to $10,000.
#ethereum 2.0 is coming, and yes, it will be the catalyst to send ETH to 10K, sorry haters, but it is happening!
— Lark Davis (@TheCryptoLark) April 9, 2022
The reason why Ethereum price will hit $10,000
“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.
The upgrade is expected this summer, though it’s yet to be confirmed. It will ensure the Ethereum chain will move from Proof-of-Work to Proof-of-Stake consensus protocol, which will make it greener compared to Bitcoin and other PoW coins.
The energy consumption of ETH miners will decrease by 99%, and there will be a lot less ETH to be mined, so the circulating supply of Ethereum is expected to shrink.
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