This is Expected to get Ethereum Over $1000 at the End of 2019

Due to some issues, Constantinople has been postponed several times. Regardless of many delays, Constantinople has now become a realization and finally completed. On February 28, the upgrade was completed at block 7,280,000, and in the end, proceeded with the fork.

Ethereum which is a top smart contract platform and the second largest cryptocurrency by market cap has in a few days been going deep into the bear’s territory. The cryptocurrency has a market cap of over $14 billion is now trading at $138. Though Ethereum has been on a rough road come from last year, there is one thing that has a huge effect the price of the cryptocurrency, which is previous and recent hard forks and if we see more of that, then it is expected to take the value of Ethereum higher progressively. According to some cryptocurrency expects and analysts, Ethereum’s Constantinople hard fork may shortly bring a massive increase in value Ethereum.

Constantinople presents the main feature which is the reduction of block rewards. Miners of the cryptocurrency usually got 3 ETH per block as a reward but will currently get a payout of only 2 ETH for each block mined. Even though this is something of penance for miners, this game-plan is generally conventional and has picked up significant support from devs last August. Ethereum’s lessening block rewards are intentionally expected to stop miners, and to decrease the number of new ETH that is produced by the miners. Eventually, this will lower inflation and have the value of existing ETH very high. Lesser mining motivations will likewise aid Casper to get ready, which will be presented in Ethereum 2.0.

Constantinople have few other features built into the upgrade that can favorably affect Ethereum’s price, with one being the lessening of gas costs for particular transactions, which will allow a lot more transactions on the platform. I think to base at previous forks, Constantinople can affect the activities of the cryptocurrency’s market in the weeks ahead, though so far, no significant change is seen in Ethereum’s market value. In any case, the fact that after the previous fork come off, it took Ethereum’s price over 30 days to go above resistance, then, if history reoccurs, a post-Constantinople upgrade effect will be many weeks uptrend for the Ethereum price.