cryptocurrency: What will happen to ETH and its price after The Merge?

cryptocurrency: What will happen to ETH and its price after The Merge?

< Show Wisdom Collection: What will happen to ETH and its price after The Merge?article avatarKrishna Yoganarasimha

A seasoned strategy professional with multitude of skills.

In your opinion, how the Merge will change ETH price?

The Merge will have a significant impact on the ETH price, as it is expected to result in greater liquidity and improved oversight of the ecosystem. This should lead to more consistent prices and better stability for ETH relative to other cryptocurrencies. Additionally, the addition of new dapps and smart contracts onto the Ethereum network should benefit its value long-term.

Will Ethereum take over Bitcoin? Elaborate.

While it is impossible to say which cryptocurrency will become the dominant force in the future, Ethereum seems to be on a strong trajectory. Firstly, Ethereum has greater potential for growth due to its ability to handle more transactions than Bitcoin. Additionally, Ethereum offers users stronger security features and an overall enhanced platform. In terms of developers and entrepreneurs, Ethereum enjoys a much larger community compared to Bitcoin. This bodes well for the long-term viability of this cryptocurrency as developers continue to build innovative Dapps that can benefit millions of people worldwide. Overall, there are many reasons why investors should consider investing in Ether (ETH) moving forward.

Which stage is the most crucial in your opinion?

Purge is a necessary step on the Ethereum roadmap, and it's likely to be crucial in shaping the future of this blockchain platform. Purge provides developers with an opportunity to “cash out” their ERC20 tokens by burning them off or "purging" them from the blockchain. This will help to eliminate dead weight and make way for new and innovative dApps that are built on top of Ethereum. The experts anticipate that purge will have a significant impact on network stability as it makes room for more transactions per second. It will also encourage users to adopt newer features and upgrades offered by Ethereum, which in turn would strengthen its position as the leading smart contract platform. So while purge might not be everyone's cup of tea, it is definitely something worth keeping an eye on!

article avatarRoviee Dean

Crypto lover, NFT Enthusiast

In your opinion, how the Merge will change ETH price?

I believe the merge will bring about a drastic reduction in transaction charges as well as reduce transaction time. This is already being observed in recent times as transaction fees are at the moment in all time. I was shocked to see NFT Collection approval for opensea.io trading at a mere $0.56 as compared to over $100 and above at some point in the past. I am of the opinion that once the merge is implemented, it would bring good things to the Ethereum Blockchain

Will Ethereum take over Bitcoin? Elaborate.

I cannot fully talk about the possibility that Ethereum will overtake Bitcoin as the lead cryptocurrency. I honestly do not have the technical capacity to reach such conclusion. However, I have come to learn in this crypto industry that anything is possible. I believe we just have to wait and see.

Which stage is the most crucial in your opinion?

Every stage in the roadmap is vital to the Ethereum project. If the merge is actualized, it will prove that the project is on course and that the people behind it are hard at work. So I believe every stage that gets executed is crucial.

article avatarBerthman Hutabarat

Engineer

In your opinion, how the Merge will change ETH price?

The Merge will change ETH price significantly. This is because of faster and cheaper transactions, reductions in energy consumption for validations, deactivation of the Difficulty Time Bomb.

Will Ethereum take over Bitcoin? Elaborate.

Ethereum’s upcoming transition (Merge) to a proof-of-stake (PoS) system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency.

Which stage is the most crucial in your opinion?

The Surge. This upgrade involves a “powerful upgrade to Merkle proofs” which optimizes data storage for Ethereum nodes and also assist with Ethereum scaling, as it allows for a greater number of blockchain transactions while keeping the blockchain decentralized.

article avatarKeziah Zachariah

I'm a crypto analyst, blockchain enthusiast

In your opinion, how the Merge will change ETH price?

For a long time, the Ethereum network having been making relentless effort to further improve the project. One of the greatest event in the history of the Ethereum network is about to happen. Although the merging has been postponed couple of times, but it is hopeful that this year, it's going to take place. According to the Father of Ethereum Vitalik Buterin. He has already made known the next step. Now the Merge which is the merging of the Ethereum ( ETH 1/ Execution layer) with the Beacon Chain (ETH/ Consensus). The Beacon Chain is a separate network running parallel to Ethereum. Now, the Merge will definitely change the ETH. If the Ethereum's incoming transition becomes successful, the merging in my own opinion will increase the price of ETH to about $12, 966.639. So the merge will have a serious effect on the price.

Will Ethereum take over Bitcoin? Elaborate.

Ethereum taking over Bitcoin has been a long time argument among Crypto enthusiasts. So many believed and also predicted that Ethereum will takeover Bitcoin. But so far Bitcoin seems to be at the top. Bitcoin happens to be the first Cryptocurrency created as a means of making payment. It is regarded as the most valuable project in the Crypto world. However, Ethereum is regarded as a valuable asset in the Crypto space behind Bitcoin. Ethereum was initially introduced to fill up for the inadequacy of Bitcoin. The fact here is that, Bitcoin has always been the whale around here. Ethereum will only been known as a project that sits only behind Bitcoin. In my own opinion, Bitcoin can't be overtaken by Ethereum.

Which stage is the most crucial in your opinion?

Every stage will always count. Every stage is crucial. But in my very own opinion, I think the surge stage is the crucial of them all. This stage involves the splitting the network into pieces called shred. This is done inorder to increase it's Scalability.

article avatarMuhammad fadil

Toward the moon

In your opinion, how the Merge will change ETH price?

The price of Ethereum has experienced an upward trend in the past week. As of Monday (18/7) morning, the price of the cryptocurrency managed to increase 22.4% compared to the previous seven days. Ethereum started last Monday (11/7) at a price of IDR 16,545,000 per coin (assuming an exchange rate of IDR 14,992/US$). The price then fell 5.11% to Rp. 15,700,000 per coin on Tuesday (12/7). The alternative crypto price reversed 6.55% to the level of IDR 16,729,000 per coin the next day. The increasing trend continued until it reached Rp. 20,194,000 per coin on Saturday (16/7). On Sunday (17/7), the price of Ethereum decreased again by 0.96% to IDR 20,000,000 per coin. Meanwhile, the price increased again to the level of Rp. 20,246,000 per coin on Monday (18/7) at 08.24 WIB. The price increase was influenced by the latest news about Ethereum merging. The Beiko team from the Ethereum Foundation said the long-awaited new design of Etherum's transition will take place on September 19, 2022. I think merging with eth will bring the price up

Will Ethereum take over Bitcoin? Elaborate.

Sooner or later, ETH will surpass Bitcoin and become the global standard, In Q1 2022, Bitcoin futures were just 0.73% lower while Ethereum posted a 9.94% loss. Crypto market cap fell to $2.084 trillion on March 31 from $2.166 trillion at the end of 2021, a 3.8% decline. So, during Q1, Bitcoin was ahead while Ethereum underperformed. However, since the January 24 lows, Ethereum has taken the lead. Bitcoin futures hit a low of $32,855 and were at $45,950 on April 5, up 39.9%. During the same period, Ethereum futures moved from $2,158 to $3,459, or 60.3% higher.

Which stage is the most crucial in your opinion?

Switching to a simpler Proof of Stake in 2017 or even 2020 could result in less environmental damage (and an anti-crypto mentality as a result of environmental degradation) and more research talent free to think about scaling.

article avatarMercy Joseph

Crypto Enthusiast

In your opinion, how the Merge will change ETH price?

The merge will skyrocket Ethereum price as never before. This is a great move and transition in the Ethereum network. After the merge Ethereum will be the next Bitcoin

Will Ethereum take over Bitcoin? Elaborate.

Yes, I believe Ethereum will take over Bitcoin, maybe not now but In the near future. The cryptocurrency market is very unpredictable due to its volatility rate, therefore the merge could/would be the next good thing that has ever happened in the Ethereum network

Which stage is the most crucial in your opinion?

The Splurge stage which is referred to as the fun state by Vitalik . This is the stage where thorough scrutiny is to be taken in order to make the Blockchain safe, faster and more scalable

article avatarEre-ebimo Ala

Blockchain, Crypto and Forex Trading Expert.

In your opinion, how the Merge will change ETH price?

The highly anticipated ETH Merge in my opinion will slow ball to the sky the price of ethereum because of the features that are coming with the Merge.

Will Ethereum take over Bitcoin? Elaborate.

I believe Ethereum can only take over Bitcoin in the area of usability but not in price. Bitcoin, the mother of all Cryptocurrencies, has more global acceptance and usage than any other Cryptocurrency.

Which stage is the most crucial in your opinion?

The Purge stage is the most crucial stage in my opinion. At that stage, Ethereum would have grown so much and many features added. The burning off of historical data that are no longer relevant gives enough chance for more growth.

article avatarAmit Patil

nftjag.com | Co-Founder CEO @ WhiteCOde

In your opinion, how the Merge will change ETH price?

In my opinion, the ETH prices will go high on the merge. The added features are so lucrative they will drive the already famous Ethereum into added adaptation.

Will Ethereum take over Bitcoin? Elaborate.

This I doubt, in the long run, it would be hard to predict. But bitcoin is like Gold, thou it does not have any direct utility, it will have its own advantage of the first Cryptocurrency and its respective popularity resulting in more demand hence the higher price. Alternatively, the success of Ethereum is more dependent on the development community for better utilities built on Ethereum.

Which stage is the most crucial in your opinion?

The initial stage of Sharding seems to be more crucial as it is going to affect the existing chain, by breaking it into smaller chunks. Once this is successful rest will follow.

article avatarmuhamad nasir

sales marketing

In your opinion, how the Merge will change ETH price?

l think this is good project from ethereum. this project can bring ethereum price to go up more and more. so ethereum can became cryptocurrency number one.

Will Ethereum take over Bitcoin? Elaborate.

yes, ethereum can take over bitcoin because very much projects on ethereum. nft and token very much build on ethereum. l think this project is very good.

Which stage is the most crucial in your opinion?

I think public trust is very important to continue to build the ethereum network. so investors will continue to enter and strengthen the ethereum network in the future.

article avatarAbdulla Khussan

Telegram Group Moderator

In your opinion, how the Merge will change ETH price?

In my opinion the merge will show a significant upward trend in prices not just on ethereum but other ethereum bases tokens and we will also see more action on the NFT space

Will Ethereum take over Bitcoin? Elaborate.

No. Bitcoin in itself is one thing while ethereum is good bitcoin is the OG of cryptos and as such ethereum won't be taking #1 spot of cryptocurrencies

Which stage is the most crucial in your opinion?

The Purge stage would be most crucial if any unwanted transaction data gets purged it will be a huge setback to the entire ethereum blockchain

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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