Vitalik Buterin is considered the conceptual inventor of the Ethereum network and the driving force behind the progress of the Project. Many of the most important suggestions for improvement, the so-called Ethereum Improvement Proposals (EIP), go back to his initiative.
Goal-oriented further development Ethereum drives course
The current rally of Ether, the cryptocurrency in the Ethereum network, is likely to be related to the upcoming EIP 1559. This is supposed to make the Ethereum network cheaper and faster by restructuring the transaction fees.
The world’s largest crypto administrator Grayscale Investments sees the proposal as an essential further development of the Ethereum network. Mainly because of the concept of burning the transaction fees and the associated shortage of the ether inventory, Grayscale predicts a strong upward trend for the ether price.
Target price set up to $ 10,000
EIP 1559 will be introduced with the London update planned for July 2021. Depending on which analyst we listen to, we hear price targets between 5,000 and almost 11,000 US dollars that could be achieved in the context of the update.
For the time being, the already achieved ether price has made Vitalik Buterin a billionaire. According to Etherscan, Buterin currently holds around 333,520 ETH. At the current exchange rate of $ 3,385 (4/5/21, 10:00 PM), Buterin’s fortune amounts to around $ 1,129,000,000.
Ether now ranks steadily in second place of the most important cryptocurrencies in the world, directly behind Bitcoin. Market capitalization is approaching $ 400 billion. Behind it comes in third place the Binance Coin, which is significantly behind with a market capitalization of 97 billion dollars, but also has significant growth rates.
