Ethereum Price Prediction After The Merge Update - Impact on Crypto Market - Ethereum News 2022

Ethereum Price Prediction After The Merge Update - Impact on Crypto Market - Ethereum News 2022

Sept. 19 2022 has been set as the preliminary date for "The Merge" on Ethereum

"The Merge" is a transition from a proof-of-work consensus mechanism to proof-of-stake, which means the flow of revenue for confirming blockchain transactions will go from miners performing calculations to stakers, who simply "stake" their Ethereum.

There have been multiple tests and years of development going into this change, and the hope is that transactions per second will increase and the cost of transactions will decline after The Merge.

At least right now, we have a target date in mind.

In this video we're gonna give you the latest ethereum update just another reason why ethereum is the future of finance! Furthermore we willl also look at some price predictions for ethereum.

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The live Ethereum price today is $1,330.89 USD The current CoinMarketCap ranking is #2, with a live market cap of $162,464,221,970 USD. All Time High 72.18%Nov 16, 2021 (8 months ago)

The cause of the big rise seems to be big buyers, also known as whales, increasing their positions in Ethereum. Blockchain analytics firm IntoTheBlock reported on Friday that the biggest 1% of Ethereum holders have increased their positions after

If "The Merge" is completed this fall and lowers costs and increases transaction speed on Ethereum, it would be bullish for the crypto industry overall. Ethereum has the most developers and many cryptocurrencies are simply tokens on Ethereum, so a faster base blockchain would be good for everyone. That said, I think today's move is mostly noise for crypto investors long term. A move that happens that fast can fade quickly, What I'll be watching over the next few months is the changing regulatory environment and continued liquidations by crypto lenders. Regulatory certainty could actually help the industry long term, and if there's an end to the bankruptcies and liquidation of lenders it could be good news for crypto markets overall. I continue to be bullish on cryptocurrencies and their disruptive potential in technology. The blockchain is a unique ledger for data and developers who can leverage that capability could open new opportunities for innovators. This innovation will help cryptocurrencies, but it'll be a bumpy ride along the way.

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