These Two Catalysts Could Send Ethereum’s Price Exploding Higher, According to Coin Bureau’s Guy Turner
Coin Bureau host Guy Turner is listing two catalysts that could potentially trigger a bullish run for Ethereum (ETH).
In a new video, Turner tells Coin Bureau’s 2.28 million subscribers that two upcoming milestones could send “could send ETH’s price higher.”
According to Turner, one of the milestones is the proto-danksharding upgrade.
“The biggest upcoming milestone for Ethereum is the EIP-4844 upgrade which is colloquially referred to as proto-danksharding. The reason why proto-dank sharding is a big deal is because it will basically allow Ethereum to reach a level of scalability that’s comparable with centralized computer systems. This will be achieved by addressing Ethereum’s main bottleneck to scalability which is data availability…
Proto-danksharding solves this by making it possible for special blobs of data to exist on the Ethereum blockchain. These blobs make transaction data more readily available which should increase Ethereum scalability, lower its fees and increase transaction speeds on its layer-2s.”
The Coin Bureau host further says that the second upcoming milestone for Ethereum is an effort to enhance privacy.
“Besides proto-danksharding, Ethereum developers have apparently been hyper-focused on privacy.
Back in January, [Ethereum creator] Vitalik [Buterin] penned a blog post where he referred to privacy as ‘one of the largest remaining challenges’ in the Ethereum ecosystem and proposed stealth addresses as one solution.
In April, privacy on Ethereum came into the spotlight again because of supposed privacy concerns related to ETH staking.
Just last month, Vitalik penned another blog post where he noted privacy as being one of the ‘three transitions that Ethereum must implement or else it will fail.’
The sudden focus on privacy is not all that surprising when you realize that institutional investors want privacy more than anyone else. And remember that the Shappella upgrade has increased institutional interest in ETH.”
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