How ETH 2.0 Could Do What The Bitcoin Halving Wasn’t Able To
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Given that many investors within the crypto space had their hopes up higher than the Empire State building for the leading asset to reach a high never seen before following the bitcoin halving, it’s safe to say it was a little bit of a disappointment.
But even though many investors and traders will have lost hope in the coin, not all hope is lost.
The halving is done and there’s nothing else that we can do as a community to change what the result was – lackluster.
ETH 2.0 is said to be the next big crypto event in the industry that could potentially have a profound effect on the markets. In fact, many believe it will have a significantly bigger effect than the recently completed halving.
One analyst has said that the imminent launch of ETH 2.0 is an update that will introduce a higher transaction throughput and a new consensus model on the proof of stake protocols.
An analysis for Messari research, Ryan Watkins has explained why he thinks that the new protocol will have a much more significant impact on the crypto markets. At the end of last week, Watkins said that the bitcoin halving was a preprogrammed event and so it was predictable in nature. In contrast, ETH 2.0 is the opposite and could experience a fundamental change in the market.
Whether this event will have a significant impact on the market remains to be seen. The impact of the bitcoin halving was lackluster and didn’t live up to many investor's hopes and dreams for their investment. We can only hope that ETH 2.0 can live up to the hype.