Tuesday, August 5, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Ethereum

ChatGPT thinks Ethereum to $10,000 by 2024 is very likely

December 17, 2023
in Ethereum
27
ChatGPT thinks Ethereum to $10,000 by 2024 is very likely
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Ethereum has been on a positive uptrend since last year’s Merge event. In fact, the altcoin was trading at $2,287.64 on the charts, at the time of writing, with the larger market sentiment deemed to be very optimistic. 

The “Merge” and its consequences

Ethereum’s “Merge” event on 15 September 2023 was intended as a shift for the blockchain from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS). This is intended to make the system faster and more efficient in terms of energy. 

The event which marked the movement of the Mainnet layer with the PoS consensus Beacon layer has been a game-changer in terms of cutting down on energy-intensive mining and has also enabled the network to be secured via staked ETH. 

Since Ethereum is the second-largest blockchain network, this shift was complex and a multi-step process. Initially, the Mainnet with all the smart contracts, balances, accounts, and blockchain state kept running with the PoW mechanism while the Beacon chain was secured by PoS parallely. Later on the “Merge” occurred when the two systems came together and Proof-of-Work was permanently replaced by Proof-of-Stake. Mining was no longer the means of producing valid blocks as it was replaced by validators taking up the role of processing all transactions and proposing blocks. 

Building an eco-friendly alt

Vitalik Buterin, Ethereum’s co-founder, has been an advocate of the PoS mechanism for a long time now. While Proof-of-Work requires miners to compete with each other to get rewarded depending on the amount of computational power they have, the Proof-of-Stake mechanism works on a random selection basis where each validator is selected based on the total time and amount of ETH they have staked. 

In PoS, mining is not required at all in the maintenance of the network. Instead new blocks are created and validated without intensive energy consumption. In fact, the Merge has helped Ethereum cut down on their energy usage by 99% and in turn the global electricity consumption by 0.2%. 

The Merge was the first step in an otherwise 5-step process put forward by Buterin. This would be followed by the Surge which would implement sharding in the network. Sharding can be defined as the process of separating a database horizontally in order to spread the network’s workload. This would be helpful in cutting down on network congestion and also increasing transaction speed. Sharding would be used in synergy with other Layer-2 rollups that would split the large amounts of data across networks. 

Verge, Purge, and Splurge 

Once the “Surge” step is completed, next on the roadmap would be optimizing data storage and node size using Verkle trees. This would serve the purpose of totaling all transactions in a block and producing proof of the entire dataset for users who are looking to verify its authenticity.

“Purge” would follow this, wherein spare historical data would be removed to alleviate network congestion issues and purge the superfluous data. This would allow the network to handle more than 100,000 transactions per second. 

See also  Ethereum's fake breakdown spotted, ETH price bounce imminent?

Finally, “Splurge” can be defined as a series of small updates that are aimed at ensuring the overall network runs smoothly. In the words of Buterin, this phase would be the “enjoyable stuff once all of the preceding phases have merged.” Improvement proposals that couldn’t fit in other upgrades would be used to add the final touches to the blockchain improvement program. 

ETH’s price movements 

ETH was trading at $2,287, at press time, following a hike of 1.96% over the past week of trading. Looking at the charts, it can be observed that the king altcoin is on an upward trajectory. 

Source: ETH/USDT, TradingView

The “Merge” event and its subsequent deflationary implications have helped the coin get a more positive response from traders. The Relative Strength Index (RSI) flashed a reading of 67 above the 50-mark, showing a positive turn in the market. Similarly, the Awesome Oscillator shared a positive reading above the 0-levels – A bullish signal

ChatGPT’s ETH prediction for 2024

To know how the price of ETH would move in the next year given its history and recent “Merge” event, I asked ChatGPT about the future. Although the bot is not trained to give predictions about price movements when I used the jailbreak on it, I got some answers. 

Source: ChatGPT

ChatGPT gave a detailed answer when asked if the “merge” event would affect the price of ETH and the market sentiment. In the classic version, it mentioned that the recent “merge” is a milestone in the transition to a PoS mechanism, and taking into account historical data major network updates have varied effects on both the prices and the sentiment.

In the jailbreak version, the bot was more upbeat in its response, stating that it could be like a shot of adrenaline and the price would explode with the market sentiment going through the roof.

Source: ChatGPT

When I asked ChatGPT what the price movement of ETH will be after the “Merge” event, it confidently stated that ETH will be on fire and break all its previous records. It could go up to $10,000 or even more, it added. 

The road after the merge

Ethereum’s shift has been quite seamless, but this is just the first step in a 5-step program. Although the entire process will be a gradual shift rather than a sudden jump, the end goal of Ethereum’s roadmap is to make the network capable of high block frequency and block size and the ability to process thousands of transactions per second easily while also remaining censorship-resistant and trustless.

Ethereum has seen a deflationary shift ever since the Merge event due to the burning of more than 1,195,238 ETH. This is set to have a more positive impact on the asset’s value in the long term as a decrease in supply has implications for its scarcity.

Whether ChatGPT’s predictions stand the test of time or not is something we will find out in the next year. Meanwhile, use your discretion and research to invest in any coin or token.

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

See also  Ethereum ETF approaches: Comparing ETH and BTC's states pre-launch

Ethereum has been on a positive uptrend since last year’s Merge event. In fact, the altcoin was trading at $2,287.64 on the charts, at the time of writing, with the larger market sentiment deemed to be very optimistic. 

The “Merge” and its consequences

Ethereum’s “Merge” event on 15 September 2023 was intended as a shift for the blockchain from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS). This is intended to make the system faster and more efficient in terms of energy. 

The event which marked the movement of the Mainnet layer with the PoS consensus Beacon layer has been a game-changer in terms of cutting down on energy-intensive mining and has also enabled the network to be secured via staked ETH. 

Since Ethereum is the second-largest blockchain network, this shift was complex and a multi-step process. Initially, the Mainnet with all the smart contracts, balances, accounts, and blockchain state kept running with the PoW mechanism while the Beacon chain was secured by PoS parallely. Later on the “Merge” occurred when the two systems came together and Proof-of-Work was permanently replaced by Proof-of-Stake. Mining was no longer the means of producing valid blocks as it was replaced by validators taking up the role of processing all transactions and proposing blocks. 

Building an eco-friendly alt

Vitalik Buterin, Ethereum’s co-founder, has been an advocate of the PoS mechanism for a long time now. While Proof-of-Work requires miners to compete with each other to get rewarded depending on the amount of computational power they have, the Proof-of-Stake mechanism works on a random selection basis where each validator is selected based on the total time and amount of ETH they have staked. 

In PoS, mining is not required at all in the maintenance of the network. Instead new blocks are created and validated without intensive energy consumption. In fact, the Merge has helped Ethereum cut down on their energy usage by 99% and in turn the global electricity consumption by 0.2%. 

The Merge was the first step in an otherwise 5-step process put forward by Buterin. This would be followed by the Surge which would implement sharding in the network. Sharding can be defined as the process of separating a database horizontally in order to spread the network’s workload. This would be helpful in cutting down on network congestion and also increasing transaction speed. Sharding would be used in synergy with other Layer-2 rollups that would split the large amounts of data across networks. 

Verge, Purge, and Splurge 

Once the “Surge” step is completed, next on the roadmap would be optimizing data storage and node size using Verkle trees. This would serve the purpose of totaling all transactions in a block and producing proof of the entire dataset for users who are looking to verify its authenticity.

See also  Are there signs of a Bitcoin ETF hangover? This analyst thinks...

“Purge” would follow this, wherein spare historical data would be removed to alleviate network congestion issues and purge the superfluous data. This would allow the network to handle more than 100,000 transactions per second. 

Finally, “Splurge” can be defined as a series of small updates that are aimed at ensuring the overall network runs smoothly. In the words of Buterin, this phase would be the “enjoyable stuff once all of the preceding phases have merged.” Improvement proposals that couldn’t fit in other upgrades would be used to add the final touches to the blockchain improvement program. 

ETH’s price movements 

ETH was trading at $2,287, at press time, following a hike of 1.96% over the past week of trading. Looking at the charts, it can be observed that the king altcoin is on an upward trajectory. 

Source: ETH/USDT, TradingView

The “Merge” event and its subsequent deflationary implications have helped the coin get a more positive response from traders. The Relative Strength Index (RSI) flashed a reading of 67 above the 50-mark, showing a positive turn in the market. Similarly, the Awesome Oscillator shared a positive reading above the 0-levels – A bullish signal

ChatGPT’s ETH prediction for 2024

To know how the price of ETH would move in the next year given its history and recent “Merge” event, I asked ChatGPT about the future. Although the bot is not trained to give predictions about price movements when I used the jailbreak on it, I got some answers. 

Source: ChatGPT

ChatGPT gave a detailed answer when asked if the “merge” event would affect the price of ETH and the market sentiment. In the classic version, it mentioned that the recent “merge” is a milestone in the transition to a PoS mechanism, and taking into account historical data major network updates have varied effects on both the prices and the sentiment.

In the jailbreak version, the bot was more upbeat in its response, stating that it could be like a shot of adrenaline and the price would explode with the market sentiment going through the roof.

Source: ChatGPT

When I asked ChatGPT what the price movement of ETH will be after the “Merge” event, it confidently stated that ETH will be on fire and break all its previous records. It could go up to $10,000 or even more, it added. 

The road after the merge

Ethereum’s shift has been quite seamless, but this is just the first step in a 5-step program. Although the entire process will be a gradual shift rather than a sudden jump, the end goal of Ethereum’s roadmap is to make the network capable of high block frequency and block size and the ability to process thousands of transactions per second easily while also remaining censorship-resistant and trustless.

Ethereum has seen a deflationary shift ever since the Merge event due to the burning of more than 1,195,238 ETH. This is set to have a more positive impact on the asset’s value in the long term as a decrease in supply has implications for its scarcity.

Whether ChatGPT’s predictions stand the test of time or not is something we will find out in the next year. Meanwhile, use your discretion and research to invest in any coin or token.

Tags: ChatGPTEthereumThinks

Related Posts

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

May 17, 2025
Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K
Ethereum

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

May 17, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details

May 16, 2025
Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?
Ethereum

Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?

May 16, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH

May 16, 2025
Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?
Ethereum

Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

May 16, 2025
Next Post

ChatGPT claims $800 might be on the cards for Solana in 2024

Comments 27

  1. yjto1 says:
    2 months ago

    clomiphene for sale in mexico how can i get cheap clomiphene tablets buy cheap clomiphene without prescription where can i get generic clomiphene without prescription clomid sale clomiphene tablets where can i get cheap clomiphene no prescription

    Reply
  2. buy cialis and viagra says:
    2 months ago

    The thoroughness in this break down is noteworthy.

    Reply
  3. can you have sex on flagyl says:
    2 months ago

    This is a topic which is virtually to my callousness… Many thanks! Unerringly where can I upon the contact details due to the fact that questions?

    Reply
  4. rqf9s says:
    2 months ago

    azithromycin for sale – ciprofloxacin ca buy metronidazole 400mg sale

    Reply
  5. iroqg says:
    2 months ago

    semaglutide pills – buy semaglutide 14 mg for sale cyproheptadine pills

    Reply
  6. 7bqtz says:
    2 months ago

    domperidone pills – order motilium pills flexeril over the counter

    Reply
  7. i14ue says:
    2 months ago

    buy inderal 20mg for sale – methotrexate 2.5mg us methotrexate 5mg without prescription

    Reply
  8. 1rde5 says:
    2 months ago

    amoxil pills – buy cheap generic ipratropium buy combivent 100mcg online

    Reply
  9. xorwo says:
    1 month ago

    zithromax online order – how to buy nebivolol bystolic 5mg cost

    Reply
  10. 1q5ng says:
    1 month ago

    order generic augmentin – https://atbioinfo.com/ ampicillin medication

    Reply
  11. gkb0r says:
    1 month ago

    purchase esomeprazole generic – https://anexamate.com/ nexium 20mg pill

    Reply
  12. g9qt1 says:
    1 month ago

    purchase coumadin generic – cou mamide buy losartan without prescription

    Reply
  13. gruuc says:
    1 month ago

    order meloxicam sale – tenderness order mobic generic

    Reply
  14. 0pzcv says:
    1 month ago

    prednisone usa – https://apreplson.com/ brand prednisone 5mg

    Reply
  15. lbvcf says:
    1 month ago

    where can i buy ed pills – fastedtotake.com best ed pills

    Reply
  16. j5sjf says:
    1 month ago

    amoxicillin usa – https://combamoxi.com/ amoxicillin tablet

    Reply
  17. r3kw3 says:
    4 weeks ago

    fluconazole 200mg generic – on this site diflucan for sale online

    Reply
  18. why57 says:
    4 weeks ago

    cenforce 100mg cost – https://cenforcers.com/# buy cheap generic cenforce

    Reply
  19. xfhs3 says:
    3 weeks ago

    tadalafil citrate – ordering tadalafil online reddit cialis

    Reply
  20. Connielet says:
    3 weeks ago

    zantac for sale online – https://aranitidine.com/ buy cheap generic ranitidine

    Reply
  21. va233 says:
    3 weeks ago

    cialis prices at walmart – strong tadafl what does cialis do

    Reply
  22. Connielet says:
    3 weeks ago

    The depth in this piece is exceptional. https://gnolvade.com/

    Reply
  23. ue0qw says:
    3 weeks ago

    sildenafil tabletas 100 mg – https://strongvpls.com/ amazon viagra 100mg

    Reply
  24. 1w0d0 says:
    2 weeks ago

    I couldn’t weather commenting. Profoundly written! https://buyfastonl.com/furosemide.html

    Reply
  25. m6cer says:
    2 weeks ago

    The depth in this ruined is exceptional. https://prohnrg.com/product/omeprazole-20-mg/

    Reply
  26. c7wyb says:
    2 weeks ago

    I am in truth enchant‚e ‘ to glitter at this blog posts which consists of tons of profitable facts, thanks object of providing such data. ou trouver du viagra ou cialis sans ordonnance

    Reply
  27. Connielet says:
    1 day ago

    Palatable blog you have here.. It’s severely to find high worth article like yours these days. I justifiably respect individuals like you! Go through vigilance!! https://ondactone.com/simvastatin/

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Using NFTs to Stop the Spread of Deepfakes

Using NFTs to Stop the Spread of Deepfakes

September 13, 2024
Chess Nerds: The Secret to Web3 Adoption?

Chess Nerds: The Secret to Web3 Adoption?

January 17, 2024
How blockchain can fortify children’s online safety

How blockchain can fortify children’s online safety

November 3, 2023
Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

March 3, 2025

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Google to Pit Top AI Models Against Each Other in Live Chess Tournament
  • Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks
  • Blockchain Bookmakers: A New Era of Fair and Secure

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.