{"id":408729,"date":"2019-12-25T07:00:12","date_gmt":"2019-12-25T07:00:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=408729"},"modified":"2019-12-25T02:46:51","modified_gmt":"2019-12-25T02:46:51","slug":"will-a-fast-track-to-eth-2-0-do-anything-for-ethereum-prices","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/will-a-fast-track-to-eth-2-0-do-anything-for-ethereum-prices\/","title":{"rendered":"Will a Fast Track to ETH 2.0 Do Anything For Ethereum Prices?"},"content":{"rendered":"
Many have speculated that Ethereum prices are on the floor because of the threat of major delays to ETH 2.0. In reality all altcoins have suffered this year, but ETH losses are constantly getting battered. Can a fast track to Serenity save them?<\/p>\n
As Bitcoin continues to consolidate, Ethereum continues to fall<\/a>. ETH prices are back down in the $125 region again today following further losses overnight. Yesterday\u2019s fall to $130 has continued into Christmas Day as Ethereum dumps another 3% according to Tradingview.com<\/a>.<\/p>\n <\/a><\/p>\n If the current trend continues, or Bitcoin takes another dip into the $6k zone, Ethereum is likely to dump to its next support level which is just over $100.<\/p>\n There has been no independent momentum for Ethereum in 2019 despite two successful network upgrades, a growing dApp and developer base, and an explosive start for DeFi markets<\/a>.<\/p>\n The long awaited upgrade to ETH 2.0 is the only thing that is likely to catalyze market movements in the right direction again. Researchers are pessimistic<\/a> though with some predictions emerging that this could still be at least another two years away.<\/p>\n If there was a fast track to Serenity however, at least on the scalability side, things may start to look up for Ethereum.<\/p>\n \u201cVitalik Buterin suggested a faster way to migrate data to #ETH 2.0, meaning the long-awaited upgrade may come sooner than expected. The idea of making the ETH 1.0 a shard in the ETH 2.0 system is beautifully simple.\u201d<\/p><\/blockquote>\n Vitalik Buterin suggested a faster way to migrate data to #ETH<\/a> 2.0, meaning the long-awaited upgrade may come sooner than expected. The idea of making the ETH 1.0 a shard in the ETH 2.0 system is beautifully simple. The technical details will still need to be sorted out though.<\/p>\n — Weiss Crypto (@WeissCrypto) December 24, 2019<\/a><\/p><\/blockquote>\n\n