Ethereum Merge To $5,000? | ETH & BTC Weekend Forecast
The upcoming September Merge — the title given to Ethereum’s upcoming switch to a consensus mechanism powered by proof-of-stake — will rely on layer-2s to soak up users switching chains and curb gas fees. Ethereum’s more permanent update to lower gas fees will release next year at the earliest. It will also mean the end of an income stream for Ethereum miners, who are rewarded with ether (ETH) tokens for supplying resources to the blockchain. Miners produced over $620 million worth of ether in July alone, data show, making The Merge akin to a death knell for a significant chunk of cash. Can Ethereum reach a $5,000 price due to a successful merge?
~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ l
#Ethereum #eth #bitcoin
~Ethereum Merge To $5,000? | ETH & BTC Weekend Forecast~
Become a Diamond Circle Member FREE! ➜ e
Subscribe on YouTube ✅ e
Facebook 📱 k
Twitter 📱 r
Crypto Power Index Beta Access ➜ x
Looking for the best tax havens for Crypto? Free Month with iTrust Capital – Use PROMO CODE – PAUL BARRON N
I have been writing professionally for over 20 years and have a deep understanding of the psychological and emotional elements that affect people. I’m an experienced ghostwriter and editor, as well as an award-winning author of five novels.