3 Reasons Ethereum Price Might Not Hit $ 5,000 Anytime Soon by Cointelegraph

3 Reasons Ethereum Price Might Not Hit $ 5,000 Anytime Soon by Cointelegraph

3 Reasons Ethereum Price Might Not Hit $ 5,000 Anytime Soon

Ether (ETH) price has been on a downward spiral since co-founder Vitalik Buterin showed up at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that various Team conflicts caused the proof-of-stake migration to delay its launch..

As reported by Cointelegraph, ‘Phase One’, which introduces scalability through fragmentation, has been postponed until 2022. Additionally, DeFi’s Inherently decentralized nature might not be entirely beneficial because fragmentation style processing would need to execute transactions through a relay chain.

Ether price in USD on Coinbase. Source: TradingView Ethereum 7-day average gasoline rates in USD. Source: CoinMetrics

Continue reading on Coin Telegraph

Disclaimer: Fusion Media I would like to remind you that the data contained in this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

Business