Ethereum Fundamental Analysis Ethereum 2.0 Roadmap and Price Predictions

Ethereum 2.0 Price Prediction and Fundamental Analysis

This article is a part of all our crypto price predictions and here we list the best Ethereum 2.0 price predictions. Ethereum and Bitcoin together make up around 75% of the total value of all cryptocurrencies. 

Therefor, Ethereum predictions and Bitcoin price predictions are very important to follow.

Also, we tackle a question many crypto traders ask – what will happen to ETH price after Ethereum 2.0? Here, we provide Ethereum 2.0 roadmap and price predictions for the second largest cryptocurrency.

Readers can expect to find information on what Ethereum 2.0 is and what are top predictions for ETH’s price.

If you already are prepared to take a bet on Ethereum, you should check the top crypto trading sites and sign up.

 

What is Ethereum 2.0 and Casper Protocol?

Ethereum 2.0 is a project of (finally) moving the ETH’s ecosystem towards Proof-of-Stake (PoS). Currently, the network operates through Proof-of-Work (PoW) algorithm, meaning that miners compete to add blocks to the ETH blockchain. 

At this point, it is a testnet, meant to tackle all challenging aspects of the transfer. The main objective of the Ethereum 2.0 is to improve scaling and security features that ETH offers.

PoS seeks to eliminate mining competition by implementing an algorithm for block awards based on the staking amount. Instead of hash power, ETH rewards are based on the staking process. The rationale behind this is that the more stake you have in the protocol, the more interested are you in that the mining is performed correct.

Thus, the more of Ethereum you own the more transactions you can validate. This will increase your chance´to receive block rewards for it.

 

If you dont have enough Ether´s (Minimum 32 Ether) to create a validator yourself, you can always go to staking pools. Binance staking is one of those and they will probably add Ethereum staking, once the PoS is implemented.

Casper Protocol

Casper is the new Proof of Stake consensus engine that will replace the current Proof of Work engine in Ethereum 2.0. 

Casper will be delivered via the Beacon Chain (read more about the Beacon chain below), which will be the system chain of Ethereum 2.0.

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Ethereum 2.0 on Youtube

There are many videos from different crypto trading influencers on Youtube describing Ethereum 2.0. Below is one of the most reasons videos from one of the largest channels, CoinBureau, describing the current network status in March 2021 and what is about to happen.

Ethereum 2.0 Design Goals

There are 5 important design goals for Ethereum 2.0

  • Decentralization
  • Resilience
  • Security
  • Simplicity
  • Longevity

Decentralization means that more can contribute to the network and the aim is to avoid only a few decentralized validators of the network. 

Resilience against large portions of the network goes offline. 

To secure the network Ethereum 2.0 will allow for a large participation of validators in total and per unit time. 

A high focus have been simplicity, even at the cost of efficiency. 

Ethereum 2.0 will prepare to be quantum proof by longevity.

Ethereum 2.0 in 3 Phases and Roadmap

The Ethereum 2.0 upgrade will go through three phases from then end of 2020 to the end of 2021.

Phase 0 – Beacon Chain

The Beacon chain is the new Proof-of-stake blockchain Ethereum 2.0 aim for. The Beacon chain will coordinate the whole system and can been seen as the heartbeat that keeps the system alive.

The key function of the Beacon Chain is to manage the proof-of-stake protocol for itself and all of the shard chains.

The Beacon chain has some major responsibilities:

  • To manage validators and their stakes
  • To nominate the chosen block proposer for each shard at each step
  • To organise validators into committees to vote on the proposed blocks
  • To apply the consensus rules
  • To apply rewards and penalties to validators
  • To be an anchor point on which the shards register their states to facilitate cross-shard transactions.

Phase 0 is planned to launch during 2020.

 

Phase 1 – Shard Chains

With Shard chains large blocks can be broken down into smaller blocks. By doing so, blocks can be processed in parallel, rather than sequential. This will let the Ethereum network to achieve maximum efficiency.

As you might understand, shards must be able to transact between one another, and to reference each other’s data. This will necessitate communication between the various shards on the network.

At Devcon 2018 in Prague, Ethereum co-founder Vitalik Buterin explained sharding in the following way:

“Imagine that Ethereum has been split into thousands of islands. Each island can do its own thing. Each of the islands has its own unique features and everyone belonging on that island i.e. the accounts, can interact with each other AND they can freely indulge in all its features. If they want to contact with other islands, they will have to use some sort of protocol.”

Phase 1 is planned to launch during 2021.

 

Phase 2 – State Execution

During Phase 2 for Ethereum 2.0 the functionality of the entire system will start to come together. The Shard chains will transit from simple data containers to a structured chain state and Smart Contracts will be reintroduced.

How will Ethereum 2.0 Affect the Ether Price?

The big question for a coin price prediction, will the Ethereum 2.0 upgrade have any impact on the ETH price? 

Lets go through the last large upgrade and see what happened to the Ether price at that time.

Constantinople Upgrade and Price analysis

Constantinople was a hard fork scheduled to take place on January 16, 2019 at Ethereum block number 7,080,000. However, due to security vulnerabilities discovered in the final phases of testing forced Ethereum developers to postpone the deployment until block 7,280,000, scheduled to arrive on February 28, 2019.

The upgrade included several changes to make the blockchain more efficient and pave the way for a move to Proof of Stake.

Below, there is a screenshot from Coinmarketcap on the price of Ethereum.

As you can see, the short term impact of the Constantinople upgrade was negligible. The long term impact was a large increase in price. However, its impossible to say, whether or not, that price increase was due to the upgrade or not.

 

Ethereum 2.0 Price Predictions Constantinople Upgrade and Coinmarketcap screenshot

Ethereum 2.0 Pros and Cons

Ethereum 2.0 Pros

  • There will be lower network fees
  • There will be faster transactions
  • There will be more secure transactions
  • You can earn Ether by staking

Ethereum 2.0 Cons

  • One risk you need to be aware of if you are about to stake is “slashing”. Slashing means that the algorithm penalizes you for not acting in the interests of the network. This could happen even if your intention was good. 
  • Another risk of you should know of is the missing liquidity. For example, if your ether holdings are tied up in stake you cant get out if there is a sudden market crash.

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Top 5 Ethereum 2.0 Price Predictions

So far, many crypto influencers took their stance on what Ethereum’s price can possibly be in the near future. Most have a positive outlook for the crypto, with prices ranging from bullish ($2500 per ETH) to super bullish ($100,000).

The Ethereum price prediction from Brian Schuster is $100.000 but it couldn’t fit into the graph. Also, he doesn’t give an exact time-frame. Read the full quote in the text below.

If you like this graph, pin it on Pinterest➜

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  Ethereum Price Year Source
Brian Schuster 100.000 Longterm Blockonomi
DigitalCoinPrice 9100 2028 Digitalcoinprice
PrevisioniBitcoin 4740 2022 PrevisioniBitcoin
Simon Dedich 3000 2022 Liteforex
Crispus Nyaga 2500 2021 InvestingCube
Longforecast 8600 2023 The Economy Forecast Agency
Coinpedia 9800 2022 Coinpedia
Coinpriceforecast 9400 2022 Coinpriceforecast

Brian Schuster Eth Price Prediction $100.000

Brian Schuster, the head of founder solutions at Ark Capital LLC, presents an Ethereum price prediction up to $100,000 per coin.

Make sure you understand that this is a 10 year Ethereum price prediction and not in near term. 

If Ethereum, or as soon as it, replaces gold as a store of value, that is.

Below, you can read the argument from Brian Schuster, taken from Blockonomi.

“What if you believe that Ethereum is less like one individual business and more like a store of value, like gold? This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin. We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.” – Brian Schuster

DigitalCoinPrice - Ethereum Price Predictions

As the name suggests, DigitalCoinPrice makes price predictions for digital coins based on historic data.

As you can see in the graph above, Ethereum is predicted to constantly grow and almost double every 4 year to reach almost $8000 in 2028.

PrevisioniBitcoin - ETH to $4740 in December 2021

PrevisioniBitcoin is an Italian crypto analysis site. 

PrevisioniBitcoin foresees mass adoption in the crypto space and has therefor quite optimistic price predictions.

As you can see in the graph above, they believe that Ethereum is in for another record year in 2021 and they have an Ethereum price prediction to a new all-time high (ATH) of $4740 in December.

Simon Dedich - ETH price prediction $3000-$9000

Simon Dedich, the managing partner of the Moonrool Capital fund, have both Ethereum and Bitcoin price predictions.

For Ethereum he predicted the value would double after it hit its all-time high. According to LiteForex, Sim Dedich predicts Ether could could skyrocket to $3,000.

However, Simon Dedich have done more Ethereum predictions. In LiveBitcoinNews he predicted Ether to go to $9000.

Crispus Nyaga - $2500 ETH prediction for Q2 2021

Crispus Nyaga have predicted the ETH price could reach $2500 in Q2 2021. 

He have published the Ethereum price prediction analysis in InvestingCube.

Crispus doesnt give a strong motivation for the price prediction but rather summarize the current status of the Ethereum network.

He writes that Ethereum costs increases and the demand for its network continues to rise.

The DeFi industry total value locked (TVL) have surged to more than $45 billion.

In addition, Tether and Wrapped Bitcoin also surged.

At the same time, Ethereum competitors also surge, like Cardano, Polkadot, and Solana. 

Looking beyond the crypto market, Ethereum price will react to the performance of the US bond market and the US dollar. A stronger US dollar will likely lead to a weaker Ethereum because the two have an inverted relationship.

Ethereum 2.0 Price Prediction - CryptoCoinTrade

Although we can all agree that $100,000 mark is next to impossible to reach, other predictions are quite possible. Ethereum is poised to grow if improvements are met by a positive response from the market. “Positive” is a crucial word here, since miners might not dig these changes.

Additionally, historical data shows that Bitcoin led the pack despite various improvements in blockchain networks. It single-handedly forced the entire market into a bull or bear movements and still does so today. Thus, it is hard to predict what price level ETH might hit in the future.

Nevertheless, faster transactions, fair market power share, and increased speed of coding can help the coin grow. Yet, it remains to be seen whether ETH can hold the value for a prolonged period of time.

If you are about to speculate on Ethereum we believe Binance is a great place to do so. Read our full Binance review to learn more about the trading site and the exchange.

Ethereum Predictions VS Ethereum Classic Predictions

Ethereum Classic was a hard fork from the Ethereum chain. Or, Ethereum was a fork from the Ethereum classic chain might be more correct.

Ethereum classic did keep the old blockchain since they believe cryptocurrencies are not for manipulation. Ethereum did a fork since there was a hack attack against the The DAO.

If you are interested, you can read more about Ethereum Classic price predictions 2020-2025.

Conclusion - Top 5 Ethereum Price Predictions

In this guide, we presented Ethereum 2.0 roadmap and price predictions from top five influencers in the crypto space. Suffice to say, the improvements can bring a lot of attention to the project, driving the price up quite a bit. Influencers’ predictions age form moderate $500 to moonish $100,000, all depending on the market’s response.

Thus, we can conclude that Ethereum’s future looks bright. The question remains on just how bright will it be.

if you are interested in trading Ethereum you should read our blog posts about the best Ethereum trading platforms.

What is the best trading platform for Ethereum

The best trading platform for Ethereum is Binance.

Why is Binance the best trading platform for Ethereum?

  1. Binance has great trading volume. 
  2. Binance has a great number of trading pairs in ETH.
  3. Binance has low deposits and withdrawal fees.
  4. Binance has low trading and exchange fees
  5. Binance has a desktop and mobile version

Read more about Binance in our Binance review and get the best referral ID.

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