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

ethereum: 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 avatarChiamaka Bernard

cryptolord and analyst

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

The Ethereum merge has been anticipated for In a long while which makes it easier to say that the ledger system will now have a lesser fee after launching on the new Blockchain as a POS from it initial POW system that was used. With the POS it is believed that the Ethereum fees will now be used with a lower fee for exchange on the Ethereum Blockchain.

Will Ethereum take over Bitcoin? Elaborate.

They chances are narrow, even if the Bitcoin ledger system is still used on the POW system as the Ethereum before the merge. Now the Ethereum merge is going to transform Ethereum price to skyrocket in a very short period of time. Ethereum will never surpass Bitcoin even on long term holding.

Which stage is the most crucial in your opinion?

They stages that Ethereum has built were all difficult at the initial start but towards the ending now it is yielding positive value. They most crucial stage of it all was the transition State of the entire process and it will be fairly good to raise Ethereum native token.

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 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 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 avatarDmitriy U

Miner

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

I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.

Will Ethereum take over Bitcoin? Elaborate.

I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.

Which stage is the most crucial in your opinion?

I think for the better. And with a decrease in the commission in the network. In general, commissions in the Ethereum network should be reduced. There are a lot of tokens in this network that cost nothing when transferred, the commission is higher.

article avatarHalebeedu Prakash Pradeep Halebeedu Prakash

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

The price will increase. This will eventually push the block chain market especially bitcoin. Later on, this may impact the overall global market.

Will Ethereum take over Bitcoin? Elaborate.

No. Bitcoin has its own charm. It is the first crypto in the world. There could be a possibility that bitcoin will be more valuable due to the ethereum merge.

Which stage is the most crucial in your opinion?

Merging is the crucial point. This has a tremendous effect on the overall performance of the crypto market. The value of the block chain technologies is heavily dependent on etherium.

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.

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

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