As we all know, yesterday Thursday, Sept. 15, 2022, the Ethereum blockchain has completed the merger process, meaning the full migration of the protocol from PoW to PoS. The merger process started Dec 1, 2020 so it takes about 22 months.
Impact of The Merge on ETH Value
Since August 27, 2022 the price of Ether has a positive sentiment crawling up to the level of $1,770 on Sept 10, 2022. The next day it turned down slowly until it reached the current price of $1,471.00. Of course holders anticipate the price of Ether could reach $2,100. During the process of the PoW mechanism Ethereum issued approximately 13,000 Ether per day. After the merge process is complete, it is estimated that the issuance of new Ether will decrease by around 0.4% of course it will have an impact on the availability (supply) of Ether, because supply is getting smaller and if demand remains or increases, the price will soar.
Advantages of The Merge
The main advantages are of course improvements to the blockchain, such as reducing transaction bottlenecks, scalability and hopefully lower gas fees.
Disadvantages of the merge
In my opinion, the process of profit is for the long term will not happen in a short time, What do you think?
Impact of The Merge on ETH Value
Since August 27, 2022 the price of Ether has a positive sentiment crawling up to the level of $1,770 on Sept 10, 2022. The next day it turned down slowly until it reached the current price of $1,471.00. Of course holders anticipate the price of Ether could reach $2,100. During the process of the PoW mechanism Ethereum issued approximately 13,000 Ether per day. After the merge process is complete, it is estimated that the issuance of new Ether will decrease by around 0.4% of course it will have an impact on the availability (supply) of Ether, because supply is getting smaller and if demand remains or increases, the price will soar.
Advantages of The Merge
The main advantages are of course improvements to the blockchain, such as reducing transaction bottlenecks, scalability and hopefully lower gas fees.
Disadvantages of the merge
In my opinion, the process of profit is for the long term will not happen in a short time, What do you think?