Will Ethereum see a boost in the new year with the launch of Constantinople?

30 Dec, 2018
by David Borman
News
Will Ethereum see a boost in the new year with the launch of Constantinople?

It has been a tough year for crypto, and Ethereum has been hit particularly hard. That being said, come next month the new upgrade for the protocol, dubbed Constantinople, will be launched and bring some fairly important changes to the network. Does this set up Ether for a rally in price? According to Bitcoin News, experts feel it just might.

Ethereum has definitely had some debate surrounding it recently as to where the project is heading and if it can compete in the coming years. Nonetheless, we will soon see the Constantinople hard fork redefine the Ethereum network, introducing Proof of Stake (PoS) and a variety of other upgrades. This has led many analysts to come to the conclusion that 2019 will be a bullish year for the third largest cryptocurrency.

Some in the space have lamented that progress on Ethereum has been slower than other projects, however this upgrade gives the development team a chance to show the world what "Ethereum 2.0" can really do.

If the hard fork goes smoothly and users embrace the new features, this could absolutely be a boon to the price of the digital asset. However, any technical issues could result in a loss of faith at this critical junction. Definitely stick with Chepicap for all updates as this new evolution of one of the world's most popular blockchains unfolds!

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Read more about:Ethereum (ETH)

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