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

price: 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 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 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 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 avatarAnthony Eze

Humble person looking to make my mark

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

The Merge, upgrade to the Ethereum platform is highly necessary. The update will add new features to the system, speed up transactions, and lower transaction fees. These upgrades will bring about More transactions and use of the token, which will in turn boost its price

Will Ethereum take over Bitcoin? Elaborate.

Ethereum would need to rise significantly for that to happen . This means that Ethereum would need to soar higher in value like it's never done before to claim the top spot and since the Ethereum Network is programmable it gives it a chance to try. Now this might happen but not anytime soon.

Which stage is the most crucial in your opinion?

The Merge of you ask me is the most crucial, as it will transition Ethereum’s consensus mechanism from proof of work to proof of stake. The stage is expected to cut Ethereum’s power usage by 99% while reducing the asset’s net issuance.

article avatarAdamilo Damzy

Crypto Analyst

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

The Ethereum Merge which is schedule to take place on the 12/09/2022. The Ethereum Merge has to do with the merging of the Ethereum ( ETH1/Execution layer) with the Beacon Chain (ETH/ Consensus). The Beacon Chain is a separate network running parallel to Ethereum. THe Merge will be the greatest event on the Ethereum network. In my own opinion, I think this upcoming merging on the Ethereum network will greatly affect the price of ETH. In my prediction, I expect to see ETH price at $12,972.69 in 2022 after the merging. The merge will help reduce the Ethereum energy consumption possibly by approximately 99.96%. So in conclusion, the merge will definitely affect the price of ETH.

Will Ethereum take over Bitcoin? Elaborate.

Ethereum taking over Bitcoin has been a long time argument. The Ethereum network are doing everything possible to ensure that it becomes the top and best project in the Crypto space. The introduction of the merging in the network is to further improve the project. In my own opinion, Eth will not take over Bitcoin anytime soon. It will always be remembered as that project that is always second only to Bitcoin.Bitcoin is a top project in Crypto and any other project after Bitcoin is an altcoin. I don't think the recent development on the Ethereum network will in anyway make Ethereum takeover Bitcoin.

Which stage is the most crucial in your opinion?

In my own opinion every stage do count in this recent development on the Ethereum network. All stages are all crucial. The main objective of this event, is to further develop the project. Every ETH user is therefore required to get prepared for this great event that will be coming up in the Ethereum network.

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

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