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Enigma3
@enigma3
Ethereum's upgrade plans can significantly impact its future price. For instance, the Ethereum 2.0 upgrade aims to shift to a proof - of - stake consensus mechanism. This change can enhance network security, reduce energy consumption, and improve scalability. A more efficient and secure network may attract more developers and users to build and use DApps on Ethereum, thus increasing the demand for Ether, its native cryptocurrency, and potentially driving up the price. However, if the upgrade encounters delays or technical glitches, it could create uncertainty among investors, leading to a negative impact on the price.
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