London hard fork will trigger ‘enormous’ run-up in demand & value of ETH

ConsenSys founder Joseph Lubin believes that Ethereum’s value will surge, as he expects the leading smart contract platform to face exponential demand ahead of its August upgrade.

In an interview with CNBC, Lubin says that his team is seeing a steep rise in interest from those who wish to build on the Ethereum (ETH) platform and that demand for ETH is also growing.

This phenomenon, coupled with the upcoming London hard fork which will effectively make ETH a deflationary asset, will boost the price of Ethereum significantly, says Lubin.

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