Will Ethereum’s Triple Halving Defeat Ethereum Killers, Boosting The Price Of ETH To $10,000 In Q3?

<p>The world of cryptocurrencies has been waiting for the start of the alt season. Which is currently obscured by the fact that digital assets have been crabwalking their way up the charts. While the star cryptocurrency has been battered by economic uncertainty and regulatory concerns. The altcoin maestri has borne the weight of its flaws.</p> <p>The space has seen an explosion of protocols that have emerged as Ethereum killers. Due to the protocol's shortcomings, including expensive gas fees, scalability, and transaction latency. Meanwhile, maximalists remain hopeful that Ethereum will restore its former grandeur following the completion of its triple halving. Additionally, investors have been staking ETH 2.0.</p> <p>Will Triple Halving Be The Answer To The $10,000 Puzzle?</p> <p>For novices who are unfamiliar with triple halving, the cryptoverse is highly versed in it. The combination of EIP-1559 with ETH 2.0 completes the "triple halving" process.</p> <p>EIP-1559 has been continuously burning coins, resulting in a depletion of supply. As of the time of publication, 1,512,076 ETH had been burned since the inception of EIP-1559. We've also discussed the burn rate reaching 11.40 ETH/min.</p> <p>Although additional blocks are being added, the burn has created a supply shock, putting the network under "deflationary pressure." The price has been consistently pushed higher by the pressure. The transition to PoS, which is expected to occur somewhere in Q2 of this year, would alleviate around 90% of the sell pressure.</p> <p>While also reducing emissions by 90%, the ramifications of which will be dealt with through block rewards and inflation. With Ethereum becoming scarce, the price of ETH will eventually skyrocket. Additionally, because PoS encourages saving, we would expect a rise in diamond hands, which would dampen price volatility.</p> <p>Additionally, as CoinPedia previously revealed, veterans of the sector have been staking their assets in deposit contracts. The number of which has been progressively inc