Ethereum Is Expected To Start 2019 With A Surge In Price Ahead Of The Constantinople Hard Fork
2018 is about to end, and the crypto experts weigh in on the most important cryptos and their trajectory throughout the year these days.
Ethereum is seen as heading towards a considerable spike at the end of the year as the Constantinople hard fork gets closer.
Ethereum lost its spot to Ripple’s XRP regarding market cap, and now its developers are actively hoping that its hard fork which is scheduled for January will be making the transition from Proof of Work (PoW) to Proof of Stake (PoS) more effective and boost ETH’s market value while entering 2019.
Ethereum is lagging regarding developments
According to experts in the crypto space, Etehereum seems to be lagging a bit in terms of developments, compared to its main competitors such as Ethereum Classic (ETC), Cardano (ADA), Lisk (LSK) and Quantum (QTUM). All these coins are showing more progress.
Joe Lubin, the co-founder of Ethereum, claims that the Ethereum protocol developing is going strong and he made sure to suggest just recently that this will trigger “the continued maturation of the token economy, which will see many exciting consumer utility tokens and tokenized security launched in the new year.”
According to most expert opinion, ETH is now well-positioned for a surge in its price just before the release of the Constantinople.
In other words, it is believed that it will even be able to surpass XRP in terms of market cap and regain back its spot.
Ethereum hopes for a successful result
The Ethereum team hopes to see a more successful result than the one seen with its last hard fork, Bitcoin Cash which triggered massive market losses and also a hash rate war.
The Constantinople hard fork is set to take place in the middle of January, and it’s supposed to enhance the speed and efficiency of the Ethereum network.
It should also make the network more viable from an economic point of view.