Ethereum Set to Continue Building Ethereum 2.0 With A Fresh Commitment Of $30M, How Will This Affect ETH Price

Ethereum 2.0 was a proposal by Vitalik Buterin over a year ago. The upgrade, which is also known as Ethereum Constantinople, aims to improve the Ethereum network. The Ethereum network is one of the best in the crypto space. The project has helped a lot of startups, giving them the platform to emerge in the blockchain space without creating their blockchains from scratch. However, the network of Ethereum is known to have one issue, which is scalability. Ethereum Constantinople aims to rectify this issue and make the network more scalable.

Ethereum has been very helpful and useful in the blockchain industry. Most of the altcoins in the market today have their roots in Ethereum, including Tron (TRX), EOS (EOS), Dash (DASH), Ubex (UBEX), and so on. The native currency of the network – Ether – has also been pretty impressive in terms of return on investment. It is one of the best cryptocurrency 2019, and it is also one of the cryptocurrency to invest in 2019. The price of Ethereum has surged significantly since its emergence. There are also lots of Ethereum news and Ethereum price prediction out there, making the digital currency more appealing to digital asset investors.

Ethereum Foundation Makes a Fresh Commitment to Continue Developing Ethereum 2.0 – Will this Ethereum News Boost the Price of Ethereum?

The Ethereum Foundation wants to commit $30M over the next year to continue the development of Ethereum 2.0 – Ethereum Constantinople. This Ethereum news was recently announced by the Ethereum Foundation. The Foundation wants to spread the funds on vital projects across the ecosystem of Ethereum that are focusing on Ethereum 2.0 – Plasma. They will be supporting developers on the network and Ethereum 1.0.

0.6 percent of all ETH tokens are in the possession of the Foundation, coupled with the cash on hand. The rice of Ethereum (ETH) recently surged significantly and tested a new yearly high. The recent high of the digital currency last week was the highest level it has tested over the past eight months. In May alone, the price of Ethereum surged by more than 55 percent.

The Breakdown of the Ethereum Foundation $30M Funding – Does This Make ETH the Best Cryptocurrency to Invest in 2019?

The Foundation disclosed this bullish Ethereum news on the 21st of May. According to the announcement, the funding will be broken down in three different categories. Out of the $30 million, $19 million will be allocated to future projects. Current projects will work with $8 million, and the remaining $3 million will be used to support developers. The majority of the funds will go to Ethereum 2.0 projects, including documentation, research, client teams, and communication. It will also extend to layer two projects such as Plasma.

Ethereum Price Analysis – Ethereum Price Prediction 2019 – Ethereum Price Forecast – ETH USD Live Price

Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$208.62
2.80%

At the moment, Ethereum is currently supported at the $252 mark. On the upside, the resistance of the coin is at the $265 mark. At the press time, ETH USD live price is $257 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $27.23 billion. The trading volume of the digital currency over the past twenty-four is $10.69 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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