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January is set to be a huge month for Ethereum – and its price may be about to reflect …
January, for a variety of reasons, is seen as a key month for cryptocurrencies. Can the market recover from the last two months of 2018 and start 2019 with a strong start?
And, crucially, the next big fork of a cryptocurrency could be better than the last.
The last, of course, was the fork of Bitcoin Cash, which led to hash rate battles, and was the catalyst for the heavy losses that the market has suffered since mid-November.
However, the next should go much better. In fact, the observers of Ethereum were more and more confident that there would be very good days.
The very hard fork of Ethereum is expected to be held in mid-January. It is going under the name of Constantinople, and if everything goes according to plan, it will accelerate the Ethereum network, increasing its efficiency and making it even cheaper. It is intended to be an important upgrade for the network, and has been widely accepted. Although with a note of caution, given just how difficult the forks can go wrong.
However, there is a sense that Ethereum is now well placed for a dramatic rise in prices in January, both before and after the fork debut. It is likely that most of the community will follow the fork, although there will still be Ethereum Classic (ETC) existing once completed. It could still be the home of some loyalists, and adds a little confusion to the market.
Yet here there is much more confidence than pessimism. And yet, Constantinople is destined to become one of the greatest encrypted stories of the first months of 2019 …
Image: BigStock
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