Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Crypto Barik on August 27, 2022, 04:08:10 AM
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Following the assertions about the upcoming ethereum merge which is scheduled to happen in september, what is likely going to be the effects on the market price of ethereum, ethereum based coins, and the general cryptocurrency market at large?
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Following the assertions about the upcoming ethereum merge which is scheduled to happen in september, what is likely going to be the effects on the market price of ethereum, ethereum based coins, and the general cryptocurrency market at large?
Since the functional qualities of ethereum are expected to improve, we all expect that the shaken position of this coin will recover, and it will decently increase in price even compared to bitcoin in percentage growth. The ethereum platform will again become attractive for new projects. I even expect that ethereum, after a successful update, can push the market to rise and exit the bearish period.
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Following the assertions about the upcoming ethereum merge which is scheduled to happen in september, what is likely going to be the effects on the market price of ethereum, ethereum based coins, and the general cryptocurrency market at large?
I don't think there will be any effect, considering that the market is still in a bear market, so the increase we want may not yet happen. But if ethereum can raise its price and release the pressure from the bitcoin price drop, it will be a good start for ethereum after the ethereum merger. But it's still hard for ethereum to be able to raise the price. So you have to be more patient because as long as the price of bitcoin has not increased high, the price of ethereum has not been able to increase either.
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Yes, there would be many positive changes in the eth ecosystem overall, gas prices would be in cents which is the biggest fear in any digital crypto transfer, which will increase the adoption rate of Ethereum overall and its sub-products.
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Any update can affect the price of the coin when there is good information about the product the team has developed, but several times this fork has failed to release due to security issues, I hope both the ETH 1 chain and the Beacon can run in parallel, given the large amount of Ethereum that has been burned and enthusiastic investors to take part in staking 2.0 can really increase the price, hopefully the price of ETH can go up when both chain functions can run well and we can see price increases even if only briefly, because currently many countries are experiencing a crisis, this right is certainly will affect the global financial system.
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I think this is a positive thing about ethereum that will bring a lot of changes in many ways. This will elevate the ethereum ecosystem from other coin competitors with a merger. Fee reduction is one of the most anticipated things
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Following the assertions about the upcoming ethereum merge which is scheduled to happen in september, what is likely going to be the effects on the market price of ethereum, ethereum based coins, and the general cryptocurrency market at large?
The Ethereum merger may have an impact at least in the next 1 or 2 years but it is possible that when the merge occurs, the Ethereum price will fluctuate for several reasons. the main reason Ethereum users are more comfortable when ETH uses the POW concept than POS because this is more directed at how difficult ETH is when mining and finding Blocks to determine the value of Ethereum
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I can't speculate on how the price of ethereum will be after the merge but I'm excitedly waiting for that moment. Things that are advantageous for me like it's easier to get ethereum by staking and the gas fee is relatively cheap
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I think Proof of Stake would be a good upgrade for the Ethereum blockchain in particular and the cryptocurrency world as a whole. Mining has been a good pain in the ass for crypto since mainstream investors feel it destroys the biological ecosystem and is power wasteful. This is where Vitalik Buterin got it right now
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I think the upcoming ethereum merge may have a slight impact on the price of ethereum in the market, this will increase the demand for ethereum and reduce the Gwei fees. This increase in the value of ethereum is not expected as the market is currently moving in a bearish turn.
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Through the upgrade it will enhance the speed, efficiency, and scalability of the Ethereum network so that it can avoid bottlenecks and process more transactions simultaneously.
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I think the upcoming ethereum merge may have a slight impact on the price of ethereum in the market, this will increase the demand for ethereum and reduce the Gwei fees. This increase in the value of ethereum is not expected as the market is currently moving in a bearish turn.
Yes the price fluctuation will be there during the merge.
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Ethereum Merge: I think will be beneficial for Ethereum. This is a good decision. In the current era, some people were having issues regarding Ethereum fees etc. This will clear everything. And will increase the investor's interest to invest in Ethereum. Due to which ethereum will more increase devlop.
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We can definitely say that for the whole crypto market this will not have any global effect, because the market does not follow the price of ETH, the market follows the price of bitcoin. Even if the merger will have a positive effect, it will hardly affect the price of ETH for the better, because the whole industry is in a bearish phase right now and the process of switching from one algorithm to another will not change this situation, the market will not suddenly become bullish. So in the short and medium term it is unlikely there will be any major changes in the price of ETH.
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I can only hope this can be good news especially for me as an ETH holder. Of course, there are various views that state this is good news or vice versa. However, I am more prepared for actions that will be carried out by myself. If after that the price goes down then I plan to buy it gradually, otherwise I won't do anything because I plan to hold ETH for the long term.
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There is definitely nothing bad that should happen due to the merger of the Ether, on the contrary, everything should go according to plan and the price of the project should increase.
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In my opinion, the crypto market did not take the Merge news as positively so far. Currently, the market is dropping before the Merge. I feel after Merge we can see gradual growth in Ethereum rest all depends on the BTC movement If BTC keeps dropping then we can not expect Ethereum to perform better as expected.