The crypto crash can be unnerving, but the crypto community sustains its bullish position for the Ethereum (ETH) price by June 30, 2002. They are projecting it to soar by 78% at the end of the month. The CoinMarketCap community has predicted ETH will trade at $3,140 at the end of the month. This latest project has accumulated over 15,362 votes and an accuracy record hitting 65%. Hence, when you compare the current value of ETH, which is at $1,758, to the projected value of the crypto community, an increment of $1,382, or equivalent to 78.59%, is apparent. Suggested Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months – A Start Of A Bull Run? On the flip side, over 8,442 crypto community members had a lower target for ETH, with a trading value hovering at $2,982 by June 30, which projects a spike of $1,224.6 or roughly 69.66% in comparison to its current price. ETH Shifting From PoW to PoS Ethereum has been gaining momentum in terms of investor interest and trading value. The shift of Ethereum from proof-of-work to a proof-of-stake mechanism may be at play. The transition mapped out for ETH is bound to improve its speed, scalability, performance, and efficiency. With the proof-of-stake mechanism, stakers are responsible for validating each transaction. Staking would be equivocal to a deposit of 32 ETH that will activate the validator software. With the transition to PoS, users get to save from gas fees, which is o...
