Do you think the London hard fork will lead to a recovery in the crypto asset ma

[Tina H]

After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?

What is the London hard fork?
The hard fork is going to be an update that will change the transaction fee model of the current mechanism. This will in turn help to reduce the high transaction fees experienced currently in the network.
The London hard fork is also meant to target the mining difficulty of the network. This upgrade will help to make proof of work mining more difficult, but at the same time, increase the ease of mining of the proof of stake mechanism. Proof of stake mechanism will only require validators to carry out the transaction confirmations on the network. Instead of using high-power machines like the current proof of work mechanism which requires computers to solve complex problems in order to confirm transactions and my blocks.

Source of information：
https://news.bitcoin.com/ethereums-london-hard-fork-scheduled-to-commence-on-august-4/?utm_source=cryptorank&utm_medium=rss

[rhomelmabini]

After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?

I don't want to speculate but something tells me it might be a good assumption for next catalyst events for the market. Right now it's a bit choppy and still on the unknown territory so better wait for it and besides we may never know if the upgrade was also good enough for deployment or we may see some problems again.

[michellee]

I prefer to wait and see what will happen to ethereum because there are only two possibilities that can happen to ethereum, which is the price will increase or the price will decrease. The price seems stable to the current price and not up and down too deep because bitcoin itself is not moving too. Ethereum will need to wait for bitcoin moves and if after the hard fork, the bitcoin price is not moving higher, maybe ethereum will not move too. But in the future, ethereum will have a chance to increase.

[DapanasFruit]

We are always on the look-out for any good and hopefully big developments that can be the catalyst for the cryptocurrency market to significantly rise and away from the seemingly "bearish" state we are in. Updates from the Ethereum network are always welcome, especially if they are proven to be working and effective for the purposes at hand. Hopefully, the month of August can be a lot better than June and July - and not what they termed as "ghost month" which is kinda scary just thinking about it.

[Review Master]

TBH, ethereum might get another bullish rally from current correction zone, but recovery of whole market might not be happened though that's the greatest development of ethereum in this year. Also, ethereum gas price already dropped back to the normal one even we still have almost one month for london hardfork. But lets see what will happen in the first week of August.

[batang_bitcoin]

Recovery of what? just because Ethereum went all time high and suddenly plummet to half of that price, it has to recover? Well, it's pricing is still on the better place this time than the past years even the first ATH of it on 2018. But every single upgrade that they do to ease transactions and help everyone to save fees, this will make everyone turn back to Ethereum for transactions because the fees are lesser this time and will make the demand higher again but we'll see if there's an actual change after getting a huge demand again.

[kidbounty]

after the london hardfork later ethereum circulation will be reduced in the market and transactions will be faster. If you look at it, this hard fork has a chance to recover the market. besides the ethereum hard fork, we also have an event that is no less important, namely the meeting of Elon Musk with Jack Dorsey. some people say if this meeting produces positive things then the market also has the potential to rise.

so if both of these things go well, then I'm sure the market will recover and continue the bullrun.

[sulis sudibyo]

no, it will only make ethereum better. the market will not be able to recover just because of this. after yesterday's crash, it will take more time for the market to recover. after all crypto coins lost half of ATH, there is no way the market will recover just because of the ethereum hard fork this time. Plus the impact of China's ban is still being felt today. so the chance for market recovery from hard fork is very low.

[Ozero]

TBH, ethereum might get another bullish rally from current correction zone, but recovery of whole market might not be happened though that's the greatest development of ethereum in this year. Also, ethereum gas price already dropped back to the normal one even we still have almost one month for london hardfork. But lets see what will happen in the first week of August.

Recovery will take place, but not so quickly. The London hard fork for the ethereum network can only become a starting point for a gradual increase in popularity and, of course, prices. Transaction fees have almost bounced back due to the general price drop and reduced network load, so no sharp price increases are foreseen yet. Further upgrade steps and a move to a proof-of-stake algorithm are needed. Overall, I am very much looking forward to the updated ethereum.

[Jating]

After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?

I don't want to speculate but something tells me it might be a good assumption for next catalyst events for the market. Right now it's a bit choppy and still on the unknown territory so better wait for it and besides we may never know if the upgrade was also good enough for deployment or we may see some problems again.

For the altcoin market? Yeah it could be, it's one of the most anticipated event and hopefully investors are going to buy into this hype. But the problem is that the schedule keep being push through, maybe they want to have a 'perfect' system or it is obviously not ready.

We need something to cheer up the market again, although the price of ETH has been steady, it seems that we have been in a boring lately as the market just moves in sideway patterns. If there is a break out run that we are all been waiting, maybe this is the event that will liven the ecosystem again.

[Bravehash]

It entirely depends on adopters, after the fork is complete I hope many people will buy more ETH for staking purpose, this is the only way that other altcoins can benefit from ETH value increasing, right now things aren't looking so good and no more good news

[caffu chino]

it might happen. after all ethereum is the second largest coin after bitcoin. and later hardforks will make ethereum very different. later hardfork will provide solutions to existing problems. so it will have an impact for the market. My prediction is that the market will increase, but after the London Hardfork hype ends the market will return to normal.

[TopTort777]

London in July? Wasnt it postponed? Again.

I dont think that London release will significantly impact on the price. As usually, price would go up a bit before release, and than get back to what is what. Check previous updates. Price did not change significantly. Same will be this time.

[pawanjain]

It's good to see Ethereum is undergoing so many developments but at the same time I think the developments are too slow.
Although being a decentralized cryptocurrency, Ethereum is taking long enough for the developments to be deployed.
Proof of stake and sharding are already existing and people might just buy those coins with these protocols.
If Ethereum has to stay in the race I think it has to pump its speed for developments.
Talking about the London hard fork, every development a potential project undergoes does increase the coins price.
So yeah, the London hard fork will surely impact on Ether's price.

[Yogee]

after the london hardfork later ethereum circulation will be reduced...

Where did you get this information? I have read some proposals to set a limit to ETH's total supply but not about reducing the current supply. Was there a burning program that I didn't know of or perhaps what you mean is mined ETH will be cut just like BTC reward halving?

we also have an event that is no less important, namely the meeting of Elon Musk with Jack Dorsey. some people say if this meeting produces positive things then the market also has the potential to rise.

Jack Dorsey will be tweeting about dogs after this meeting.

[agg2702]

I'm not too sure despite the Ethereum hard fork upgrade that the price state of altcoins under the network has experienced some significant changes. but right now, it's still in the same case for Ethereum to continue to show that their situation needs to be alleviated. that's all.

as for the rest they will adjust when slow transactions start to be accelerated and not burdensome.

[ene1980]

After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?

Do you think that the market will rally because of Ethereum hard fork and if that happens it will be the first time the market started rising because of an altcoin and i really do not think that the market will move because of this as historically the market movement depends upon the Bitcoin market and there are further upgrades coming in Bitcoin as well, so you never know what will happen in the next few months.

[hatshepsut93]

First things first, Bitcoin is the leader of crypto market, not Ethereum. Ethereum can't influence hundreds of different alts, unless it's some sort of negative influence due to technical problems with the network, which would affect all tokens issued on it. And second, all updates are priced in long before they happen because it's a very predictable event. So the answer is no, there's very low chance that the London update will spark a sudden bull run.

[evilgreed]

After the 5.19 plummet, entering July, the market gradually came out of the downturn, the price of defi assets generally rose, and the circulation of stablecoins on the chain also showed an upward trend. Will the upcoming Ethereum London hard fork upgrade on the 8.4th be one of the driving forces for the market to rise?

What is the London hard fork?
The hard fork is going to be an update that will change the transaction fee model of the current mechanism. This will in turn help to reduce the high transaction fees experienced currently in the network.
The London hard fork is also meant to target the mining difficulty of the network. This upgrade will help to make proof of work mining more difficult, but at the same time, increase the ease of mining of the proof of stake mechanism. Proof of stake mechanism will only require validators to carry out the transaction confirmations on the network. Instead of using high-power machines like the current proof of work mechanism which requires computers to solve complex problems in order to confirm transactions and my blocks.

Source of information：
https://news.bitcoin.com/ethereums-london-hard-fork-scheduled-to-commence-on-august-4/?utm_source=cryptorank&utm_medium=rss

               In contrast to how you see ethereum right now, I feel that ethereum is really doing good and is actually holding up pretty well despite the fact that the price of bitcoin drags almost every altcoin in the market today. Now, just because the price went on a huge rally last time and dumped to how much it currently is today, it doesn't mean that ethereum is in a very bad position. In fact, it is even better than it was in the past and even has a massive potential to break out with just a few good news. Even more so with the London hard fork approaching. But hey, search for yourself about significant info and don't trust just anyone who tells you about this or that, this is just my personal point of view.

[unusualfacts30]

Hard fork will replace current pow to pos. Protocol includes five eth improvement proposal that will definitely help the market recover from its current choppy movement. Altair will bring in more validators as active validators will gain more from current 11%. This is great news for investors and validators who have been waiting for a long time for this upgrade as this should help start a new era or crypto movement that'll change the course of history by bringing more adoption.