Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Munareal on February 23, 2019, 05:29:31 PM
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Ethereum's Constantinople network upgrade is less than a week away. Do you think the upgrade might lead to ETH’s price to surge or drop.
Share your thought
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I do not expect the price to surge or drop. I expect a slow and steady growth after the hardfork. The market sentiment seems positive.
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So far, as we see, the price is constantly growing, there is no rapid growth, but little by little ethereum grows in price and it pleases, I don’t know what will happen after the constantinople release, I think it’s likely that there will be more growth and then we will stay somewhere, I hope that the price will not go down a few days after the constantinople.
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I am sure It will trigger ETH price will grow constantly, except if Ethereum's Constantinople turns to be a failed hard fork anymore like the two hard forks before. Why the price can increase or improve? People will trust and ensure them to have more assets in crypto. Many people have been waiting for long time to see a new hard fork on ETH.
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SURGE.
Have you seen Ethereum price today? As of this moment, it's at $166.49 as per CryptoCompare. Ethereum price breaks through its three-month high, reaching the highest price since November 18th 2018 and rising over 50% in 16 days.
I think this price growth is in anticipation of Ethereum's much-awaited Constantinople upgrade which is due to go ahead on February 27. The upgrade, which will speed up processing times, improve the way the network monetizes data storage, and reduce mining rewards from three to two, is Ethereum's eighth hard fork.
There’s also more positive news from the SEC and clear moves to embrace blockchain from investment banks with JP Morgan promoting its Quorum blockchain – an enterprise-focused version of Ethereum.
Surprisingly, Facebook CEO Mark Zuckerberg says he’s “potentially interested” in putting the Facebook login on the blockchain.
[https://www.theverge.com/2019/2/20/18233338/facebook-login-blockchain-mark-zuckerberg]
Ultimately, Ethereum is still alive and well and the recent price movement only shows that ETH enthusiasts still believes in this coin.
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We don't sure yet what brings the hardfork to the ethereum price what is certain now is that the upgrade would bring better and faster ethereum transaction and good services to all ETH user. Hopefully, after the fork price will surge and brings big profit to all of us.
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When Ethereum's Constantinople has begun, I think the price of Ethereum will increase. People will be more interested to buy Ethereum because of it has a great future. The new hard forks of Ethereum is really good news that people are waiting for long time.
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I don't know, about the matter now Ethereum has also decreased in price from 170 USD to the price of 130 USD.
Price loss is around 20% and it's not strong enough News from Constatinopel.
I will provide a link to see the evidence = http://prntscr.com/mq6tu3
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When the update in ethereum is successful, the scalability of this coin and other functionalities will increase significantly, people will trust it more, its popularity and demand for it will necessarily grow and therefore its price will rise. However, the degree of ethereum price growth will significantly depend on the general state of the cryptocurrency market. In general, successful improvements will have a very positive effect on ethereum.