Will Ether Soar After Ethereum Merge

[Mika]

If you have been taking interest in crypto news, you might have noticed that Ethereum Merge is coming soon. When Ethereum Merge happens, will the price of Ether soar even when the crypto market is still in the bearish run?

Ethereum was launched as a Proof-Of-Work consensus mechanism. And alter the second version of Ethereum called ETH2 was launched which uses a Proof of Stake concise mechanism. The Ethereum Merge is the merging of two versions of Ethereum and converting the Entire Ethereum blockchain into a Proof-of-Stake mechanism

In Proof-of-Work transaction is secured by a miner, which has higher emergency consumption and transaction fees, however, in proof of stake, the network is secured by validators, thus electricity consumption is lower and transaction fee is also lower

The Ethereum merge will make Ethereum more emergency efficient, faster transactions, and low gas fees. Therefore the price of ETH is expected to go higher after the merge.

One of the major issues with crypto is high emergency consumption, when the world’s second biggest crypto becomes energy efficient, it will strengthen the crypto market.

 

[cashisking149]

I think so as gas fees will drop drastically and mean more people interact with the blockchain.

 

[Yugocean]

Nothing like this will happen after merge, already Ethereum foundation has rebuffed all this, ofcourse even I was shocked to learn this, but that information was by the foundation, so more believable than common ETH user.
Ethereum merge isn't going to reduce has fees. And there is nothing one could do.
Whatever we thought about fees after London hard fork, was a hoax, and merge too won't effect gas.
Recently market got another bear attack, and Ether is not ineffective, its value is now on the level of 1.7k. Ethereum foundation could be responsible, but atleast it did not mislead market and investors.
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