Will The Ethereum Merge Upgrade Bring More Upside Than Bitcoin In 2022?
2022-04-12 16:00:42
Is Ethereum A Good Investment 2022?
The news that Ether will open a blockchain merger has been hotly debated since it came out earlier. Currently, Ether has two parallel chains: the main network and the beacons. They operate in keeping with the decentralized nature. The merger of these two chains will form a new consensus mechanism and replace mining. The merger could help Ether become a more scalable, secure blockchain and carry out a sustainable network to achieve longer and faster operations.
The Ethereum merger will be implemented in the second quarter of 2022, and at the same time, it has reached a 12-month record of being on Google's top 100 trends. What will be the impact of the Ethereum merger? Will its returns exceed those of Bitcoin?
Ether Coin Issuance Will Decrease
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, predicts that the merger will result in a 75-90% reduction in issuance. The scarcity of Ethereum coins will attract a large number of investors to buy Ethereum coins, and their price will also have an impact.
Reducing Energy Utilization Attracts More Institutional Investors
As we know, the Ether merger will be able to reduce energy utilization by 99%, which is a huge improvement in the cryptocurrency blockchain. Such an upgrade will also attract the attention of institutional investors even including those holding ESG funds. With the creation of a new consensus mechanism, more people will consider investing in Ether as a potential investment to replace Bitcoin.
Emerging Dominance of Ether Coin
According to the data, there are currently 12 companies holding 212,875 ETH worth $700 million, with Galaxy Digital Holdings accounting for nearly 46% of the total, holding 98,892 ETH. The rest are various large companies such as Mito and HIVE Blockchain Technologies. Ether is the other major asset held by investors and corporate institutions in addition to Bitcoin.
At the time of writing, the price of Ether coins was $2,984 on the international digital currency exchange Gate.io and has dropped 15.77% in the last 7 days, with a current market cap of $357.83 billion. The Ether merger will be implemented in the second quarter of 2022, and as of now, impact is unknown. This upgrade is also expected by many cryptocurrency investors, and the reduction in the number of tokens issued will certainly affect the price fluctuations.
Will it bring in more revenue than bitcoin as a result? We'll see.
The news that Ether will open a blockchain merger has been hotly debated since it came out earlier. Currently, Ether has two parallel chains: the main network and the beacons. They operate in keeping with the decentralized nature. The merger of these two chains will form a new consensus mechanism and replace mining. The merger could help Ether become a more scalable, secure blockchain and carry out a sustainable network to achieve longer and faster operations.
The Ethereum merger will be implemented in the second quarter of 2022, and at the same time, it has reached a 12-month record of being on Google's top 100 trends. What will be the impact of the Ethereum merger? Will its returns exceed those of Bitcoin?
Ether Coin Issuance Will Decrease
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, predicts that the merger will result in a 75-90% reduction in issuance. The scarcity of Ethereum coins will attract a large number of investors to buy Ethereum coins, and their price will also have an impact.
Reducing Energy Utilization Attracts More Institutional Investors
As we know, the Ether merger will be able to reduce energy utilization by 99%, which is a huge improvement in the cryptocurrency blockchain. Such an upgrade will also attract the attention of institutional investors even including those holding ESG funds. With the creation of a new consensus mechanism, more people will consider investing in Ether as a potential investment to replace Bitcoin.
Emerging Dominance of Ether Coin
According to the data, there are currently 12 companies holding 212,875 ETH worth $700 million, with Galaxy Digital Holdings accounting for nearly 46% of the total, holding 98,892 ETH. The rest are various large companies such as Mito and HIVE Blockchain Technologies. Ether is the other major asset held by investors and corporate institutions in addition to Bitcoin.
At the time of writing, the price of Ether coins was $2,984 on the international digital currency exchange Gate.io and has dropped 15.77% in the last 7 days, with a current market cap of $357.83 billion. The Ether merger will be implemented in the second quarter of 2022, and as of now, impact is unknown. This upgrade is also expected by many cryptocurrency investors, and the reduction in the number of tokens issued will certainly affect the price fluctuations.
Will it bring in more revenue than bitcoin as a result? We'll see.
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