Ethereum Cancun Upgrade Live, ETH Could Hit $5,000 This Year 🚀

March 13, 2024. The Ethereum Cancun upgrade went live. Finally. This marks a big step for Ethereum's future. After testing on three different networks, it's now reality. It's meant to slash those crazy fees and boost data options for Layer 2s.

What Cancun Actually Does 🔧

Two main things this upgrade tackles:

1. Makes Layer 2 transactions cheaper. Way cheaper. Good news for apps and users. 💸

2. Brings in something called "proto-danksharding" - sounds weird, I know. Creates special "data blocks" that make rollups less expensive to use. Seems like Ethereum's answer to projects like Celestia and Avail. 📊

The whole thing just works better now. Transactions move smoother. Storage makes more sense. It's kind of surprising how much difference these changes might make for people building on Ethereum. 🌐

Price Talk Getting Spicy 📈

The market's feeling pretty good about ETH now. Finder asked a bunch of finance experts what they think, and they're saying $5,000 before 2025 rolls around. That's more than double what it was worth when they made the prediction! 🔥

These 40 experts had some interesting thoughts:

• Some wild optimists think $17,000 is possible this year. Dream big, right? 🌕
• About a quarter see ETH landing between $4,000-$4,999
• Another quarter think $3,000-$3,999 is more realistic
• Average out all their guesses? $4,887 by December
• Looking further ahead: $7,492 in 2025, maybe $19,190 by 2030

Why so bullish? The Cancun thing worked. It's not entirely clear if all these predictions will come true, but cheaper transactions definitely make Ethereum more attractive. More users probably means higher prices. Simple math. 📱

This upgrade isn't just tech stuff. It might actually kick off Ethereum's next big move. The team delivered what they promised in March. Builds trust. Makes you wonder what else they might pull off next. 🛠️