“Sorry, Haters!” Lark Davis Says Ethereum is About to Fly to $10,000!

ETH 2.0 holds the key to $10,000.

The upcoming proof-of-stake merge will have incredibly bullish implications for the Ether cryptocurrency. According to independent crypto analyst and investor Lark Davis, the upgrade could bolster the bulls to break out of range and take Ether to $10,000 highs.

2022 is set to be Ethereum’s most important year. Although the date is not disclosed yet, Ethereum is preparing to complete the long-awaited Merge of its proof-of-work and proof-of-stake chains, dubbed ETH 2.0.

Lark Davis is confident that the Merge will push the price of the native token ETH to $10,000. “Sorry haters, but it is happening!” — said Davis.

Further, with a rising ETH, the NFT space will resurrect again. Fundamentally sound projects associated with the NFT ecosystem such as Plastiks (which focuses on a Recycling Recovery system that drives accountability and traceability through the plastic supply chain), Theta (which focuses on rendering VR worlds in real-time), and Axie Infinity (an NFT-based online video game) could see humongous rallies.

The ETH 2.0 Upgrade will make Ether a deflationary asset thanks to the significant reduction of the amount of ETH issued by Ethereum’s EIP-1559 burning mechanism.

Additionally, the proof-of-stake (PoS) consensus protocol that Ethereum will transition to, will be more eco-friendly than the current proof-of-work (PoW) system that rewards miners for solving complex computational puzzles to validate transactions on the network.

With the Merge, 2022 could be the year that Ethereum realizes its full potential!