Ethereum’s London Hardfork Ready to Drop on the Ropsten Testnet

Hi guys!

The London Hardfork is scheduled for June 24th on the Ropsten testnet, giving the Ethereum community a taste of the controversial update.

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Lead project developer Tim Beiko told Accointing.com

" We want to see the upgrade live on a proper network to make sure everything works smoothly before scheduling it for mainnet. "

Typically, after the release of hardforks on the Ropsten testnet and Ethereum mainnet investor reaction is bearish, as anxiety and fear of the unknown cause selling pressure.

After the Berlin Hardfork arrived on Ropsten it took approximately two weeks to reverse the downward trend. On June 22nd ETH’s RSI score dipped to 31, just tending into oversold territory, indicating that wary investors are looking to shed the coin.

Following the mainnet release, EIP-1559 is expected to have a deflationary impact on ETH long-term, potentially increasing its value by tightening supply.

What are you guys expecting from the London Hardfork arriving on Ropsten? And what do you think will happen to ETH after its mainnet release?

Check out the full article here: Ethereum’s London Hardfork Ready to Drop on the Ropsten Testnet (accointing.com)