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<p>The post <a href="https://coinpedia.org/news/happy-birthday-ethereum-vitalik-buterin-reveals-major-predictions-on-ethereums-9th-birthday/" rel="noopener noreferrer nofollow">Happy Birthday Ethereum! Vitalik Buterin Reveals Major Predictions on Ethereum’s 9th Birthday!!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Vitalik Buterin, a co-founder and core Ethereum (ETH) network developer, will lead the Ether community in celebrating 9 years of tangible growth and adoption. In an X post, Buterin celebrated Ethereum’s ninth birthday.</p>
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 <p>“Looking forward to seeing what the next decade brings,” Buterin <a href="https://x.com/vitalikbuterin/status/1818146456550961620?s=46" rel="noopener noreferrer nofollow">noted</a>.</p>
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<p>Meanwhile, Buterin will present at the EDCON 2024 conference in Tokyo later today. During the main event, ‘The Next 10 Years of Ethereum, ’ Buterin is expected to highlight Ethereum’s role as a globally traded commodity.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't miss <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@VitalikButerin</a>'s Keynote on <br>"The Next 10 Years of Ethereum" at 4:20PM TODAY!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>Join <a href="https://twitter.com/hashtag/EDCON2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#EDCON2024</a> for MAIN EVENT!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c5.png" alt="📅" class="wp-smiley" style="height: 1em; max-height: 1em;"> TODAY, July 30 | <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f0.png" alt="⏰" class="wp-smiley" style="height: 1em; max-height: 1em;"> 10 AM – 9 PM<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> Yoyogi 1st Gymnasium<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f39f.png" alt="🎟" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tickets: <a href="https://t.co/vgaWsUjVRz" rel="noopener noreferrer nofollow">https://t.co/vgaWsUjVRz</a><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4fa.png" alt="📺" class="wp-smiley" style="height: 1em; max-height: 1em;"> Live Stream: <a href="https://t.co/GY7Ms3vbe0" rel="noopener noreferrer nofollow">https://t.co/GY7Ms3vbe0</a><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://t.co/wrj4lUGeJA" rel="noopener noreferrer nofollow">pic.twitter.com/wrj4lUGeJA</a></p>— EDCON (@EDCON2024) <a href="https://twitter.com/EDCON2024/status/1818108378947998206?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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<h2 class="wp-block-heading" id="h-major-developments-in-the-first-decade-for-ethereum-nbsp">Major Developments in the First Decade for Ethereum&nbsp;</h2>
<p>Following the invention of smart contracts, the Ethereum network has grown to a major Web3 hub. As a result, it has attracted notable attention from institutional investors and retail traders worldwide.&nbsp;</p>
<p>At its infancy, the Ethereum network used a proof-of-work consensus mechanism similar to Bitcoin. However, the Merge event successfully transitioned the Ethereum network to the current proof-of-stake (PoS) consensus mechanism.</p>
<p>Consequently, more than 35 million Ether has been staked to secure the network.&nbsp;</p>
<p>The Ethereum network has undergone several other upgrades, including the London hard fork and the recent Dencun upgrade.&nbsp;</p>
<p>Over time, the Ethereum network has achieved ultra-sound money status, mostly due to its deflationary nature.&nbsp;</p>
<p>The highlight of Ethereum’s first decade of development has been the approval of spot Ethereum ETFs in several jurisdictions, led by the United States.&nbsp;</p>
<h2 class="wp-block-heading" id="h-ether-price-action">Ether Price Action</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> Price on Ethereum's Birthday <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f382.png" alt="🎂" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>2024: $3,319<br>2023: $1,881<br>2022: $1,739<br>2021: $2,383<br>2020: $318<br>2019: $211<br>2018: $466<br>2017: $197<br>2016: $13</p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1818180716758446568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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<p>In the last nine years, Ethereum’s price has grown from trading around 43 cents to about $3,336 at the time of this report, representing a growth of more than 770,000 percent. The astronomical growth in Ethereum price is largely attributed to the mainstream adoption of Web3 protocols and digital assets.</p>
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   <p lang="en" dir="ltr">The first scenario stands for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>.<br><br>Price consolidated at $3,100 and bounced back upwards.<br><br>If the outflows are stagnating during this week, then I'm assuming we'll be seeing a break above $3,500 and a rally to $3,800-4,000. <a href="https://t.co/rwFgDHRSOO" rel="noopener noreferrer nofollow">pic.twitter.com/rwFgDHRSOO</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1817892831396032580?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>In the midterm, Ethereum price is expected to consolidate in the same range before reaching its all-time high. With August expected to be a choppy month for the entire crypto industry, fueled by the upcoming FOMC statement, Michaël van de Poppe expects Ether’s price to drop towards $2,563 if the support level around $3,136 does not hold.</p>

Happy Birthday Ethereum! Vitalik Buterin Reveals Major Predictions on Ethereum’s 9th Birthday!!

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