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

eth: 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 avatarEwa from Experty

Experty Problem Solver

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

At the time of writing, the ETH price is around $1500. I think that ETH value and price will rise, maybe it won't hit a new ATH just yet, but I hope that it will fluctuate around $3000.

Will Ethereum take over Bitcoin? Elaborate.

I believe that the Merge is Ethereum’s chance to take over Bitcoin. ETH’s transition to a proof-of-stake consensus mechanism would transform its monetary policy, making ETH more scarce than BTC. The ETH researcher Vivek Raman said: “After The Merge, Ethereum will have lower inflation than Bitcoin. Especially with fee burns, Ethereum will be deflationary while Bitcoin will always be inflationary. Although, with every halving, the inflation rate goes down.”

Which stage is the most crucial in your opinion?

I think the Merge stage is the most important. We all know that is only 40% (55% after the Merge) of the progress, but it will combine the Ethereum mainnet with the proof-of-stake beacon chain. Also, if they fail with the Merge, the next changes will be impossible.

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 avatarDan J

Hi

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

I think the news covering the Merge will create FOMO among many people and will make the ETH price jump. I also think the whales of ETH will be excited once it reaches over $5,000.

Will Ethereum take over Bitcoin? Elaborate.

In the long run it will because firstly, Bitcoins stigma is associated with the black market where as Ethereum has a lot of practical uses and is a lot more affordable.

Which stage is the most crucial in your opinion?

I think The Verge because if you can reduce node sizes and allow ETH to be more scalable, then developers and companies have more value for using and integrating ETH into their services/products.

article avatarMichael Usidamen

Software developer, Mobile web developer, Cryptocurrency expert

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

In my own opinion I think merging will be of good to ethereum following it's completion of the Ethereum 2.0 causing the coin to have high possibility of increasing it's current market value following the recent turn of events between btc and eth at the first half of this year. I see ethereum breaking the barrier above all odds in it's market price

Will Ethereum take over Bitcoin? Elaborate.

The chances of ethereum taking over Bitcoin is high as both coin have high tendency to increase it's currents market price, especially for the ethereum when it launches it's "Ethereum 2.0"

Which stage is the most crucial in your opinion?

In my own opinion the most curial stage is "the surge" (because when this stage is split into shades it's going through a risky but brave phase) but when it is accomplished the possibility and tendency of the remaining stages will be a success heading towards a positive direction.

article avatarNuman Polattimur

Psychologist

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

I think it will but not a lot. The market itself and other factors might effect price change as well. But who knows it might bring jump for ETH.

Will Ethereum take over Bitcoin? Elaborate.

In the long run it might take over Bitcoin. There are still more updates to come and the system is still new to the world. We will wait and see how it turns out.

Which stage is the most crucial in your opinion?

The Splurge stage is the nost important one for me. Making smaller updates to ensure everything runs smoothly from previous updates. Vitalik calls this "the fun stuff" since this stage does all the hard work.

article avatarDevin Hummel

Artist

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

It has the potential to speed up the network as well as lower fees. However, a lot of people were disappointed by the speculation of ethereum going through massive changes past, only to have developed very little compared to the drastic predictions. With the market tanking in values, I think this will do little to give ETH an advantage over BTC, but it can bolster it’s strength against falling market prices.

Will Ethereum take over Bitcoin? Elaborate.

Just in utility. Eth can have more uses than BTC, but it won’t gain more popularity in mainstream culture as a topic or prospective storage of wealth asset.

Which stage is the most crucial in your opinion?

This one. The bear market is challenging the future of crypto. Lawsuits, regulations, and the looming recession will permanently change the crypto/defi space

article avatarMayur Borderwala

Travel Agent

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

The eth was going to hi in future in up 2000$ and we must buy the eth in past month end and now the NFTs program is very important for this project for More earn.

Will Ethereum take over Bitcoin? Elaborate.

Yes the eth was takeover in future but this is very good for NFTs tokens and future eth price is very good pump so I think eth take over the Bitcoin.

Which stage is the most crucial in your opinion?

NFTs tokens, eth , extra are very good pump in the future and good to earn money to and NFTs market are looking great pump so I think it very good

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 avatarRowland Mathew

Coolest Kid in Africa

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

It will bring more popularity to cryptor currency in the would world many people will come to learn about the latest development in town many member will be glad to invest in eth

Will Ethereum take over Bitcoin? Elaborate.

That is a very possible thing to have happen ethereum can take over bitcion no south is just dey matter of time and how people get to lean about it

Which stage is the most crucial in your opinion?

The most crucial stage is the beginning of the start once it begin more experience on how to invest in ethereum can be very helpful to people and the would world at large

article avatarBurim Dervishi

Innovative with broad know-how

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

I think it would contribute to the higher useage of eth in other projects and scale a lot do to lower fees. Other competitors will not be able to beat this.

Will Ethereum take over Bitcoin? Elaborate.

Ethereum will take over bitcoint in case of variety of useage. Bitcoin itself needs to come up with more effective consensus algorithm to let projects use the bitcoin network widely.

Which stage is the most crucial in your opinion?

To implement the consensus mechanism that ensure transaction processing time at lowest possible fees is most crucial stage. Bitcoin and Ethereum has wide acceptance in the market. That one who provides speed at lowest cost will win.

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

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