Ethereum (ETH) Investors and the cryptocurrency market are eagerly awaiting the Merge upgrade, which is scheduled to take place in September.
Merge in anticipation of raising ETH As it continues to rise, it has recently seen above $ 2000.
Analysts expect Ethereum to continue rising FSInsight The research firm named ETH announced its expectation.
According to FSInsight, if the merger in Ethereum goes as planned, Ethereum will be the leading cryptocurrency in the next 12 months. Bitcoin (BTC) may exceed market value.
In its report published by FSInsight, PoW to PoS foreseeing the transition, Merge said that if it happens as planned, the issuance rate of ETH will decrease and ETH He stated that the daily selling pressure on him will decrease.
“When the transition known as Merge is completed, the inflation rate of the Ethereum supply will decrease and the selling pressure of the miners will be locked to zero.”
Stating that there are widespread opinions that Ethereum is more scalable with the transition to PoS, the report wrote that these are wrong because Ethereum will still be relatively expensive at the base layer.
Sean Farell, head of digital asset strategy at FSInsight, said:
“The main goal in migrating to PoS is to reduce energy consumption by 99.9% and allow more users to contribute to block generation.”
Over $2,000 on the weekend but unable to hold on here EthereumAccording to CoinGecko data at the time of writing, it continues to trade at $ 1,890.
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