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So the more you buy the lower it seems to go….this thing is moving in reverse..go figure
The Global cryptocurrency market cap woke up to register another drop of 3% over the past day. It now stands at around $917 billion. The mixed reaction in the US stock markets and crypto market can be witnessed as the investors are looking forward to the Consumer Price Data (CPI). However, the investors are also keen to see the minutes of the Federal Reserve’s last meeting.
Grabbed a couple more on the dip, so I can buy bone. Watch it dip more now. lol
KING OF THE DAPPS!
Phase 3 is coming! SHARDING! I also found out my niece is in on ethereum. Nothing could make me happier. Success runs in the blood! Ya either got it, or ya dont! KING OF THE DAPPS!
Take your chances on the lottery. OR waste all your money at the casinooooo!
SERENITY!
The Ethereum Merge: What Is Trading Headed Towards?
by NewsBTC 1 hour ago in Company News Reading Time: 6 mins read
If Bitcoin is the digital gold of the crypto sphere, then Ethereum is the digital silver. The blockchain powerhouse headed by Vitalik Buterin has taken the world by storm since its foundation in 2015, and its price journey has outperformed BTC on several occasions.
From its starting value of just under $1, the price of Ethereum surged to more than $4,800 last year. This was some of the biggest Ethereum news, but 2022 has marked a major landmark in this cryptocurrency’s journey: The merge!
The merge is seriously exciting, from overhauling price predictions and revolutionising trading to taking Ethereum into the future. Today, we’ll look at how it will change things and cover everything you need to know. But first, what exactly is The Merge?
What Is The Ethereum Merge?
The Ethereum Merge has been a long-awaited upgrade of the digital framework of the world’s second-biggest cryptocurrency that an inefficient energy-sapping system has long been plagued by.
By swapping proof-of-work (PoW) for proof-of-stake (PoS), a seriously difficult and time-consuming task like a digital version of switching the engine of a car, Ethereum has now achieved energy efficiency and can class itself as one of the few environmentally-friendly cryptocurrencies that now consumes around 99.9% less energy.
To put this into perspective, this transformation is equal to the country of Finland closing down its national power grid, according to Digiconomist.
And it’s not just energy efficiency that The Merge will bring. According to the team behind the Ethereum network, the transition from proof-of-work to proof-of-stake will lead to more security and scalability for the Ethereum platform, which is home to more than $60 billion worth of crypto exchanges, lending companies, and non-fungible token (NFT) marketplaces.
“If you’re investing in Ethereum or any kind of blockchain technology, you’re investing in something in its early days. You’re going to need a long-term time horizon to see how things evolve. I really don’t think there’s a lot that folks who own Ethereum should be doing at this point.” – Doug Boneparth, financial advisor.
But amongst the ever-sceptical crypto community, many people are eagerly eyeing up The Merge and are keen to see how it will perform in the next few months. Is this the key to a bright future for Ethereum, or is it all just hype? Most importantly, how will it impact the price of Ethereum in future?
To answer this demand for answers, let’s delve into five ways that the Ethereum merge can affect trading and the wider world of cryptocurrency.
Can The Merge Secure Ethereum Against Hackers?
There is a lot of money involved in crypto, and the blockchain is a prime target for online hackers. In 2022, losses stemming from crypto hacks have skyrocketed by 60% to a staggering combined value of $1.9 billion. Naturally, many people are keen to know if The Merge can make the Ethereum network more secure against hackers.
The blockchain will always have weak spots for hackers to take advantage of; The Merge has arguably made advances to secure the Ethereum network. For example, the cost to validate transactions on the Ethereum blockchain is 33 ETH, or around $55,000.
This initial investment is a significant barrier for hackers to gain access to the network, with no guarantee that their attack will be successful. However, what can be a step towards higher trustworthiness is to always look for purchasing Ethereum from reliable trading platforms such as Kucoin, Gemini, Immediate Edge or Coinbase just to limit the exposure to scams as much as possible.
Can More People Use The Ethereum Network Now?
One of the most popular aspects of the Ethereum network is that those who use it can earn rewards through their participation in the network, thereby securing it in the process. Following The Merge, the rewards opportunities are now open to more people as there is much more room for new users to use the network now.
Following the transition to proof of stake (PoS), miners no longer validate transactions on the Ethereum blockchain. Instead, validations are carried out through the staking process. This means that users who hold Ethereum tokens can now stake some of them to validate transactions and secure the Ethereum network. In return, users are rewarded with a fraction of the transaction fees.
Mining, an intense and expensive to run operation, required advanced computer equipment and knowledge to be done effectively. This presented a barrier for many people. Staking, however, is not only beginner-friendly, it’s cheaper to start with and much more straightforward to get involved and reap the benefits.
As well as the Ethereum blockchain itself, various widely used platforms like Coinbase, Lido Finance, and some platforms available through services like Immediate Edge offer the chance to stake Ethereum simply via an automated process. APY rates are currently between 3% and 3.8% on most major platforms.
If you wish to stake your Ethereum, fully understanding how the staking process works beforehand is important. Once you stake, you’ll be unable to trade your staked amount for a pre-agreed period of time. However, if you’re a long-term investor, this is no issue.
Compared to traditional dividend stocks, the interest rates awarded for staking Ethereum after The Merge are vastly superior. It provides the chance for Ethereum holders to earn a passive stream of income automatically. Thus, it presents another good reason to own Ethereum that will likely drive more people to invest in it.
How Will Energy-Efficiency Affect Ethereum?
The environmental drain of cryptocurrencies like Ethereum has long hindered their scalability. However, The Merge will now see Ethereum use around 99.9% less energy, a huge boost to its sustainability and the key to more widespread adoption.
Through its transition to proof of stake, Ethereum is sending a message to those seeking to regulate the crypto market that it can adapt to the future and place the preservation of the planet at the forefront of its foals.
Recently, the White House Office of Science and Technology Policy (OSTP) conducted an in-depth report on the Climate and Energy Implications of Crypto-Assets in the United States, showing that mainstream adoption of cryptocurrencies is becoming increasingly considered by the highest levels of government.
Many are hoping that the Ethereum Merge will only lead to more research and collaboration between the crypto industry and global governments, which will hopefully have a massively positive effect on the value of crypto overall.
Will Ethereum Gas Fees Lower After The Merge?
One of the biggest drawbacks of the Ethereum network is the Gas fees. This is the obligatory fee that comes with any form of transaction carried out on the Ethereum blockchain. They are paid using Ethereum’s native token of ETH and often rise dramatically if there is an increased demand for processing transactions.
At some of the highest traffic periods on the Ethereum blockchain, gas fees can surge to hundreds of dollars. As a result, it can be completely inefficient for many. So many people are questioning if The Merge will lower these Gas fees.
The answer? Yes, and no. Gas fees are predicted to lower in future, but not straight away. The transition to proof-of-stake won’t expand Ethereum’s network capacity, which is needed to lower gas fees.
However, the Ethereum network is implemented a Layer 2 technology called roll-ups; This effectively “rolls up” a wide range of transactions off of the Ethereum blockchain, processes them, and then subsequently records a smaller, compressed version on the main Ethereum blockchain. To realise the introduction of this technology, The Merger is vital.
How Will The Merge Affect The ETH Price For Investors?
Now, we reach the most important question: How will The Merge affect investors like you? Many of you may have been initially disappointed to see the price of ETH plummet after The Merge, as many people expected the complete opposite.
However, it’s important to remember that the effects of The Merge will not be immediately made apparent. The Ethereum network will not become high-speed with low transaction fees straight away; it will take place over the next few months and years.
All these positive upgrades to Ethereum can attract more investors, bringing the supply of ETH down and positively affecting the price of Ethereum’s native token.
In Conclusion: The Future Is Bright, The Future Is Merged!
And so, to sum up: The best way to explain The Merge is as a foundation for the future of Ethereum. From high speeds to lower fees and overall environmental efficiency, The Merge results have the potential for an Ethereum bull run sometime soon.
Ethereum may now be primed for new institutional investors who prioritise environmental, social, and governance (ESG) practices but have been dissuaded in the past due to Ethereum’s high energy consumption. Following The Merge, Ethereum is now an energy-efficient and more environmentally friendly asset to own.
It’s clear that some majorly positive changes are coming to the Ethereum network. But a lot will stay the same in the early days of The Merge. At least, for now. Over the last five years, Ethereum has provided a return on investment of 600%. Will that number be surpassed in the coming months? Only time will tell.
The future of Ethereum looks bright following the benefits that The Merge can bring. But as with any cryptocurrency, nothing is guaranteed. Always invest responsibly and seek out the advice of a licensed financial advisor if you’re investing in cryptocurrency for the first time. Trading digital currencies can be highly volatile and are not recommended for everybody.
https://www.newsbtc.com/news/company/the-ethereum-merge-what-is-trading-headed-towards/
Great post. I always welcome the other side of the argument and not just the "it's a scam or it will be $xx soon" responses. Only time will tell on how Ethereum going to POS will impact it in the long haul, but the good thing is that this market is still evolving and the technology keeps improving.
$ETHUSD
$~700 in 6-10 months. Don't get crypto head...watch the history in crypto patterns instead. Make $ on ETHDOWN short coin. Me likey.
Many are not missing the point. Many will abandon ETH as it is no longer decentralized. This whole project was the "fractional reserve failure's" bait and switch. People are always seeking to demonize miners, but they need to consider they provided a large portion of ETH's user base. I have used my mining rewards for purchases. I have helped support and build a trading market for the crypto with which I was mining. I will no longer be nearly as active within this ecosystem.
I have a love hate relationship with ETH, and yes, I do agree that the progression here will take time. Time, however, could also reveal major issues. Growing pains here have just begun with the POS transition. Other POS networks have already undergone much of their growing pains... So why invest here now? The potential here is to lock up your funds staking, only to lose out in other areas where you are not restricted by the inability to access your funds.
Lets be honest, 10% annual returns are nothing in the crypto world... Who cares about 10% when you could lose 50% (or more) of your original investment before you even see the measly 10%. Also, what happens if it does go up 100-200%? Oh wait, your locked in with staking and stuck twiddling your thumbs, unable to lock in that gain...
Both CNBC and Motley fool have both reported ETH user base is contracting. Pretty much common sense though, with miners leaving the network. Overtime ETH may see the user base start to build again... but, once again, this will take time..
And, as for the "green" transition.. Well ETH going POS has NOT stopped me from mining. This is the case for almost everyone I know. None of us have stopped mining. I have mined ETH at a loss and HODL'd, just like I will mine other projects at a loss and HODL... Just because Ethereum Devs want to believe they have made crypto "greener" shows just how eth-centric they are. Pretty narcissistic...
This is my 2 cents. I do not want to see ETH fail, as I want crypto to succeed and ETH succeeding is best for crypto.
ETHW Airdrop to ETH Holders
Dear AP,
The Ethereum mainnet has successfully migrated to Proof-of-Stake. After the upgrade, a Proof-of-Work Ethereum spinoff blockchain went live and created a new token, Ethereum PoW (ETHW).
We are pleased to announce that the ETHW airdrop has been distributed to all eligible ETH holders on the Nexo platform, Nexo Pro, and Nexo Prime.
No kidding. A lot of people are missing the point with Ethereum. The Merge was suppose to be done to improve the future of the technology, and was never meant to boost the price of Ether in the short term.
IMO, only swing traders and those who don't understand the technology care about the current price action. The value will come over time as improvements to the ecosystem continues (i.e. lowering gas fees, improving the speed of transactions, etc.). Sure, they are competing with other technologies like Solana, but Ethereum is winning the popularity contest and is better established.
One thing is for sure, this is not a one trick pony like Bitcoin, which only acts as a digital currency, but Ethereum also enjoys a solid backing.
GLTA!
If we all had COIN s
Then fiat is obsolete
Trading Shopping.
How ti reduce the volitility.
Follow the cost of living, you get paid by the hoir the cost of living, a coin fluctuates. How can you buy or sell bass, if you ler the entire ocean rise and fall in their order
Thank you but I'm ok
Ethereum crashing 10.5%. Now below $1297. Get OUT!
#ETHUSD (sell at will, for your own good)
$ETHUSD (sell at will, for your own good)
Yeah I can tell by the current price…rolls eyes…a downward daily spiral
Breaking News! Breaking News! Breaking News!
Ethereum: Vitalik Buterin expects $30,000 per ETH | Cryptocurrency News | ETH price prediction!
Ethereum and Vitalik Buterin Get Surprising Greeting From Star Trek Star
https://u.today/ethereum-and-vitalik-buterin-get-surprising-greeting-from-star-trek-star
Solana vs. Cardano: Which Could Overtake Ethereum First?
https://www.fool.com/investing/2022/02/09/solana-vs-cardano-which-could-overtake-ethereum-fi/
"...Solana and Cardano each have what it takes to catch up to Ethereum -- and maybe even surpass the market giant. But if this does indeed happen, Solana's more likely to do it first. That's because this blockchain already is a few steps ahead of Cardano. Here, I'm thinking of its position in the world of dApps and the number of developers on the network.
So, if Solana doesn't encounter any major glitches ahead, it may be the first to challenge Ethereum's leadership..."
Ethereum may now be more vulnerable to censorship — Blockchain analyst
https://cointelegraph.com/news/ethereum-may-now-be-more-vulnerable-to-censorship-blockchain-analyst
"...With Ethereum validators being required to stake 32 ETH, Ethereum could become more centralized and susceptible to censorship from governments..."
"...Ethereum’s upgrade to proof-of-stake (PoS) may make it more vulnerable to government intervention and censorship, according to the lead investigator of Merkle Science.
Speaking to Cointelegraph following the Ethereum Merge, Coby Moran, a former FBI analyst and the lead investigator for crypto compliance and forensic firm Merkle Science, expressed his thoughts on some of the risks posed by Ethereum’s transition to PoS.
While centralization issues have been broadly discussed leading up to the Merge, Moran suggested the prohibitive cost of becoming a validator could result in the consolidation of validator nodes to the bigger crypto firms like Binance, Coinbase and Kraken.
In order to become a full validator for the Ethereum network, one is required to stake 32 Ether (ETH), which is worth around $47,000 at the time of writing.
A pre-Merge report from blockchain analytics platform from Nansen earlier this month revealed that 64% of staked ETH is controlled by just five entities..."
Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival
https://dailyhodl.com/2022/09/14/solana-creator-anatoly-yakovenko-reveals-his-end-goal-for-top-ethereum-rival/
The SEC Chair Issued A Game-Changing Ethereum Warning—Sparking A Major Price Crash
https://www.forbes.com/sites/billybambrough/2022/09/17/the-sec-chair-issued-a-game-changing-ethereum-warning-sparking-a-major-price-crash/?sh=516c36a02556
‘One Domino Falls’—Crypto Braced For A $10 Trillion Earthquake As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Swing
https://www.forbes.com/sites/billybambrough/2022/09/18/one-domino-falls-crypto-braced-for-a-10-trillion-earthquake-as-the-price-of-bitcoin-ethereum-bnb-xrp-solana-cardano-and-dogecoin-swing/?sh=691a230bb0b5
Eth is a POS , run by a criminal Vitalik. I knew this wasn't going anywhere with the merge
This most likely is going to be a security, Vitalik has his day coming to him.
Little rat that he is.
NEWS FLASH: There's SEC emails that state otherwise. (sec vs xrp)
BREAKING: Ethereum (ETH) could be a security using PoS Gary Gensler says
https://www.crypto-news-flash.com/breaking-ethereum-eth-could-be-a-security-using-pos-gary-gensler-says/
White House releases crypto framework for Bitcoin, XRP, stablecoins and CBDCs
https://www.crypto-news-flash.com/white-house-releases-crypto-framework-for-bitcoin-xrp-stablecoins-and-cbdcs/
If you are buying any crypto during this crash and fall you will be left holding the bags for a long time because its surely looking like a sinkhole….
The Ethereum Merge Just Created a Huge Risk for ETH Crypto Fans
https://investorplace.com/2022/09/the-ethereum-merge-just-created-a-huge-risk-for-eth-crypto-fans/
interesting...go eth !
That’s fair. Thanks for sharing
It wasn't suppose to be eventful. It was the next step in the improvement of the Ethereum technology and one that they have been planning for and testing for many years.The price was suppose to be irrelevant in the switch since it is the benefits that will continue to eventually attract institutions/adopters.
Long term hold for me after initially buying in 2017...GLTA!
$ETHUSD
Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs https://cointelegraph.com/news/breaking-historic-day-for-crypto-as-ethereum-merge-to-proof-of-stake-occurs via @cointelegraph $ETH $ETHE Premium POS POSA
Anyone buying into this green energy nonsense doesn't have a clue about reality. The only clean energy is nuclear. And we will be there at some point. All the other energy sources are just to make someone rich. Bottom line. You can run New York city from a 12" x 12" box with nuclear. This entire eth event was just something to keep butt head relevant and in the news. Just my opinion
Correct, but wasn't the merge also supposed to cut the highway robbery gas fees? Or does that ripoff remain?
Tanking from here in my opinion. Never seen such a meaningless event pumped so hard for years.
Well hey….Its a stock….they all go up and they all go down….
Lock in those gains/losses flash crash expected overload of sellers.
Not really. Always clouds before the big storm.
Hopefully will see a double rainbow when it's over.
Think it's happening as of this message.
either way. Do not expect much out of it.
Countdown to 'The Merge':
https://watcher.guru/ethmerge
Looks like it's going to happen after midnight.
$ETHUSD
Thats what happens when you have a slew of day traders and 1 tick flippers instead of investors in the market
With Inflation at 8.3%, Ethereum Risks “Sell the News” Merge
https://cryptobriefing.com/with-inflation-8-3-ethereum-risks-sell-the-news-merge/
short selling, day trading vultures circling...? sad...go eth !
Key Takeaways
-- Ethereum has dropped by 8.7% after U.S. inflation fell by less than analysts' expectations.
-- The downturn puts Ethereum at risk of its upcoming merge to Proof-of-Stake becoming a "sell the news" event.
-- Several industry figures have outlined the potential for increased ETH selling, even in the event that the Merge is successful.
I have to say a little anxious till 2023
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