ETH, ADA Booms After Hard Fork. Will Taproot Make Bitcoin to Skyrocket?

There’s a lot of big news lately that I think we can all agree has a positive effect on the bitcoin market. The recent hard fork of Ethereum’s network, and the resulting emergence of the Ethereum Classic network, was a big boost for both ETH and ETH Classic, helping to push both price and market cap up. It was an exciting time, to say the least.

The Coinbase/Bitcoin Cash debacle is still fresh in people’s minds, and some people think it will have a lasting effect on Bitcoin. However, others believe that the two projects are separate, and will remain so in the future. So, what’s the right way to think about it?

Today, April 3, 2017, marked a historic day in the crypto world. It’s been a long time since the Bitcoin community witnessed one of its major blockchains get forked. The Bitcoin Cash (BCH) block on the 1st of January 2017 had seen a lot of controversy and has been dubbed as “The Divorce” block, as Bitcoin Cash has been a break up from the Bitcoin (BTC) chain. This is the first time in Bitcoin history, blockchain technology has been done so. Just a few weeks after the Bitcoin Cash to Bitcoin (BCH) fork, the Ethereum (ETH) chain has also forked. This time, the Ethereum chain forked from the Ethereum Classic (ETC) chain. To put it. Read more about cardano price now and let us know what you think.

• After the latest hard fork, the price of ADA and ETH became positive.
• Users are speculating on whether the price of Bitcoin will rise as a result of Taproot.
• Bitcoin has a good chance of reaching $100,000 in price.

The Wolf Of All Streets recently tweeted a comparison of Bitcoin’s (BTC) price spike to Cardano’s (ADA) and Ethereum’s (ETH) price surges (ETH). After the latest hard fork and its announcement, the price of ADA and ETH seemed to be optimistic, according to the tweet. Will the price of BTC rise as a result of Taproot?

The price of ETH has risen as a result of the London Hard Fork and EIP-1559. The Alonzo Hard Fork and future smart contracts are causing $ADA to moon.

Consider how #Bitcoin will react if Taproot is implemented.

Don’t go to sleep simply because the media isn’t talking about it anymore.

August 16, 2021 — The Wolf Of All Streets (@scottmelker)

The much-anticipated and contentious Ethereum London hard fork was been triggered. The hard fork has also introduced five new ETH Improvement Proposals (EIPs). EIPs 1559, 3554, 3529, 3198, and 3541 are code improvements aimed at enhancing the Ethereum network’s user experience. 

Furthermore, the update has caused the price of ETH to rise. In fact, following the hard fork, the price of ETH has risen by almost 26% in only two weeks, from $2,535 to over $3,000. At the time of writing, the ETH price was 3,226, according to CoinGecko.

Cardano (ADA) Alonzo update date is set on September 12, 2021, according to Blockchain’s Chief Developer. Furthermore, the Smart contract’s capabilities will improve Cardano, allowing for additional applications like as decentralized finance (DeFi) for automated digital asset lending and trading.

The ADA price increased by more than 50% just a week after the update date was announced. At the time of writing, the ADA price was $2.12, with a 24-hour trading volume of $4,004,553,088, according to CoinGecko. 

These events have caused everyone to wonder: Will Bitcoin Surge as Taproot Takes Off? There is a good chance that BTC will reach its all-time high price. Many people may be wondering, “What is Taproot?” The answer is that Taproot is a Bitcoin network update scheduled for November 2021.

The update improves network usage by allowing for cheaper and quicker transactions. Furthermore, the update improves the deployment of smart contracts over time. Taproot also provides important privacy guarantees. This architecture is based on the current security-focused crypto products. As a result, BTC is getting closer to a handful of the privacy-based currencies, at least in terms of design. 

Allyson, a crypto enthusiast, responds to The Wolf Of All Streets’ tweet, 

“I anticipate a drop below $45k, with a retest of the broken resistance. Then a rise to $74k, followed by a retreat to $65k, $89k – $144k, and then a big drop to $74k.”

At the time of writing, the BTC price was $46,301.86, with a 24-hour trading volume of $34,821,443,936 according to CoinGecko. 

Bitcoin has a good chance of reaching $100,000 in price. Overall, Bitcoin’s position and holding continue to improve. Especially now that the cryptocurrency market cap has surpassed $2 trillion. 

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