Home / Ethereum / Constantinople means that Ethereum (ETH) is "decidedly bullish," says the analyst

Constantinople means that Ethereum (ETH) is "decidedly bullish," says the analyst



With the update of Ethereum in Constantinople scheduled for 2019, many predict positive forecasts for the future of the third cryptography. The analyst and commentator Alex Kruger believes that the forecast is "decidedly bullish".

Read more: Ethereum a hardfork to block 7,080,000; Update: The new launch date of Ethereum & # 39; s Constantinople is January 16th

One of the most anticipated network updates in cryptographic space, Constantinople has also been called Ethereum 2.0. Among a number of important changes, a great one is that the new protocol will change mining mining premiums from 3 to 2. This is what could have a significant impact on the ETH price.

According to Kruger, the new mining premiums will make the bearish ETH short-term, but bullish for a longer period of time. He analyzed the future profitability of ETH extraction and elaborated its predictions in a Tweet thread.

Read more: The mining of Ethereum is not profitable at the moment, but this could lead to a price rally

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