What will happen after switching ETH, that is the question? The crypto analysts are predicting many ways. But actually that will happen what we will see a few days later.
Crypto analyst and market players are closely monitoring the situation. Somebody are very much optimistic. Some others are very much pessimistic. Rest of the analysts are commenting reluctantly. But nobody is denying it's influence to the market.
On this blog, I will conclude the analysts predictions about the post-merge scenario of the market.
As Christopher Calicott, a crypto venture investor, summarised the consequences in a short line as:
Any time you're making changes to a complex system, there must necessarily arise unintended consequences.
Wall Street based investment firm Bernstein has recently published 07 predictions they are assuming to be happened after the event, as:
One, The Ethereum Merge is successful.
Two, Rollups to bring the next wave of crypto user demand.
Three, Ether flips bitcoin as the top cryptocurrency.
Four, DeFi on rollups brings back the DeFi summer.
Five, NFTs pivot to gaming and play-to-earn becomes play-to-own.
Six, Token economic designs start to focus on value accumulation.
Seven, Fat protocol thesis becomes the fat application thesis.
Trader of a asset management firm Blofin Mr. Griffin Ardern is fear about stETH. Because he believes that spot os a better choice than a bond of same value in volatile market. So Griffin Ardern suggested the investors to switch to ETH, mentioning that:
ETH Merge may introduce additional uncertainty and risk, so holding ETH would be more appropriate than stETH. In addition, stETH is still in the pledge process and has not been unlocked. In a downward bear market, It is better to hold a spot [ether] than to hold a bond of the same face value.
Assistant opinion editor for CoinDesk's Layer 2, Mr. Daniel Kuhn recently answered the question: Will the Merge increase the price of ether (ETH)? He was agreed about the uncertainty of ETH price.
With so many variables and unknowns, it is impossible to predict what will happen to Ethereum’s token price as a result of the Merge. The Merge is not guaranteed to boost the ETH price. The Merge will also introduce changes to the rate at which ether is issued and how it is distributed. These changes could be positive or negative depending upon whom you ask. There is also a risk (however small) that the Merge will fail, or that PoS will prove less secure than PoW. There is also speculation the Merge has already been priced in by the market.
Travis Kling is the chief investment officer at Ikigai, a asset management firm based on crypto. He mentioned this event as the most significant catalyst in a statement:
I consider this the most significant catalyst in crypto history in terms of its magnitude and the fact that ETH is the second largest crypto.
The chief marketing officer of another crypto exchange OKX, Mr. Haider Rafique, has said recently:
Whatever the outcome may be, whether there's a new token created, whether there's an airdrop [ether holders could get free tokens equal to their ETH balances in case of a fork], we want to make sure we open up spot markets as soon as possible. There's less risk there. We're not risking customer funds during that journey. We know that anything can happen until the Merge actually takes place.
Mr. Preston Van Loon is a developer who is engaged on the event Merge directly. He is focusing on the energy savings feature of this transition of ETH. He thinks that:
The difference in hardware and energy consumption is so significant. When NFTs were blowing up, people were saying, 'I'd love to have an NFT, but it feels like I'm burning a forest down.
Thanks a lot.
I am Tariqul Islam, from Bangladesh
I am a crypto lover, like to write about Blockchain
Very much optimistic about the entire life.
More gains to Crypto Culture🔥. Reshared🔁
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Hmmmmm
Well, I heard that it won't reduce the gas fee but it will 100% help reduce the cost of electricity used in mining ETH using proofofwork
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The gas fee is supposed to be reduced, but the reduction amount is too small to consider.
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