Jump to content

Ethereum : Potential to go five figure asset post - the merge


Recommended Posts

Cryptocurrencies hiked up to 9% in the last 24 hours with Bitcoin topping $41,000 and Ethereum and Avalanche with floating markets. 

 

The largest crypto Bitcoin was trading at 0.69% higher at $41,124.58 in the account of its 7 day gain of 0.8 percent. Ethereum geared up 2.9% in the last 24 hours to $2769. Whereas the second-largest hike is considered 3.9% last week.

 

The Ethereum main net is expected to merge with the beacon chain proof-of-stake system as ending proof work for the ETH blockchain. Mainnet brings the ability to run smart contracts into the proof-of-stake system, along with the history and the current state of Ethereum. Also, ensures a smooth transition for all ETH holders and users.

 

In the event of the Kiln testnet conducted on March 15th, the Ethereum Foundation has announced the successful completion of the beacon chain merge with the Kiln testnet.  

 

It is the final public test net before the proof-of-stake transition, which occurs later this year. Which is a great milestone for Ethereum for its feature inceptions.

 

The application & tooling developers, node operators, infrastructure providers, and stakers are allowed to test on Kiln test net for smooth transitions. 

 

ETH post Merge 

 

The Co-founder, CMO of Flip Brian Krogsgrad said during an appearance on the podcast,  The ETH net deflation is quite a high post their merger.  Also said that merge will be deployed in the bear market, meaning the market might not get affected by the merge immediately. 

 

The brain also stated that “ Bitcoins are going to question themselves if they have less utility and are mildly inflationary instead of deflationary regularly. ETH also has the potential to become a five-figure asset post the merge”.

 

Bear market or Supercycle?

 

With exchange outflows hitting a new high and other metrics underlying bullish, likely to give the ETH towards the north.  Which may result in future potential supercycles. 

 

With the ease of War and COVID-19, the chart may go sideways rather than going down, and the price may come back up resulting in a lead to the next boom.

 

According to the execution ,The profitable BItcoin mining is now participating in the ecosystem as well. Bitcoin mining was more expensive than Bitcoin was the reason for the previous shutdown of bitcoin miners .

Link to comment
Share on other sites

  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.