It seems to me, that ETH’s price rocketing, over the next few months, is as close to a “guarantee” as you’ll ever find, in the crypto industry. Why may that be? Ethereum, the largest cryptocurrency, behind Bitcoin, has a radical economic change finally confirmed for inclusion, in a coming upgrade.
The market is only today beginning to price-in yesterday’s announcement related to Ethereum Improvement Proposal 1559, which is modeled in such a way to stop Ethereum users from “overpaying” miners for security. This will be done by burning such overpayment, perhaps permanently reducing Ethereum’s issuance rate, to a negative number (lower than even Bitcoin’s).
Time’s are changing my friends, and I’d mark July, on my calender, because that is the estimated date for the “London” upgrade to Ethereum, that has earmarked EIP-1559 for inclusion.
The train departing today is headed there, and tickets are still available :p
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