As Ethereum forks its way into becoming a full-fledged PoS cryptocurrency, the new year of 2020 is expected to bring a rise of ETH's price across the crypto market. While Bitcoin is still the true indicator of altcoins' prices, Ethereum could experience a short boost in price due to people's excitement of the release of Casper PoS on the ETH blockchain. I have to admit that development has been somewhat slow, but everything has been done in a safe and secure way. Maybe 2020, will be the year Ethereum goes full PoS? Or maybe the dev team will delay the process until further tests are made?
Whatever the case will be, it looks like this year will be ETH's biggest one yet as it's one step closer towards becoming a PoS cryptocurrency. At first, it'll be a hybrid PoW + PoS coin until its ready enough to become a completely PoS coin. Staking Pools will be the hottest trend of 2020, as people who cannot afford the minimum requirement of 32 ETH to become a validator, will simply resort to these services. With a PoS version of the Ethereum blockchain, the competition will be fierce among other competitors such as EOS and Cardano. On the other hand, Ethereum Classic (ETC) will retain its PoW consensus algorithm distancing itself from Ethereum in every way. Maybe ETH miners will flock into ETC once the former does the transition from PoW to PoS?
What are your thoughts?
The upgrade was done and the price of Ethereum is keep on increasing while following the footsteps of bitcoin, so far Ethereum is doing good as the demand is also there so the chances that Ethereum will dominate this year is very big. Whatever the case will be, it looks like this year will be ETH's biggest one yet as it's one step closer towards becoming a PoS cryptocurrency. At first, it'll be a hybrid PoW + PoS coin until its ready enough to become a completely PoS coin. Staking Pools will be the hottest trend of 2020, as people who cannot afford the minimum requirement of 32 ETH to become a validator, will simply resort to these services. With a PoS version of the Ethereum blockchain, the competition will be fierce among other competitors such as EOS and Cardano. On the other hand, Ethereum Classic (ETC) will retain its PoW consensus algorithm distancing itself from Ethereum in every way. Maybe ETH miners will flock into ETC once the former does the transition from PoW to PoS?
What are your thoughts?
We can even see the highest ATH record of Ethereum this year if the market will not fall after the halving of bitcoin as the market is very dependent to bitcoin because of it's dominance over other currencies. If Ethereum can achieve 2000$ this year then it will be the biggest ATH record.