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Key Insights:
The Ethereum upgrades that started in 2021 are now being felt in the project. The recent Ethereum price upward growth had a lot to do with these upgrades that the team is undertaking. Ethereum has also posted growth in its ecosystem this year.
The Ethereum team is working on developing a superior chain, the ETH 2.0. Also referred to as the Beacon Chain, Ethereum 2.0 addresses the major issues of the high gas fee and scaling problems. The upcoming Ethereum Beacon Chain will be running on a PoS protocol. The Ethereum team is also working on sharding the new chain to make it a multichain.
Ethereum is expected to have the new and the old Ethereum chains combined this year. Popularly referred to as the Ethereum merge, the team will combine ETH 1 and ETH 2 to finally form one powerful blockchain. The Ethereum's merge date is already confirmed to be August 2022.
The Ethereum upgrades are expected to directly impact the ETH price growth. Important to note is the mass adoption of the new Ethereum chain. As more users and developers join a faster and cheaper Ethereum chain, the price will instantly skyrocket.
However, Ethereum will still need to beat the upcoming Bitgert blockchain, which is currently the fastest and cheapest chain. Bitgert BRC20 has a 100k TPS. The Bitgert chain gas fee is $0.0000000000001, which is the lowest in the industry. This means Bitgert has a better blockchain than Ethereum. The fact that Bitgert is an EVM, which makes it even a bigger threat to Ethereum.
Bitgert is attracting Ethereum holders because of the massive potential to do 100x this year. This is because of the upcoming massive Bitgert developments that will keep Bitgert bullish this year. This is what makes Bitgert super attractive. The Bitgert chain has the potential to increase hundreds of times when Ethereum project growth this year is 200%.
Ethereum upgrades will soon start affecting $ETH price growth because of the mass adoption of the new Beacon Chain. However, Ethereum might not offer a bullish growth this year like Bitgert.
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