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).
