Ethereum is about to experience the biggest update in its entire history. The event is called “The Merge” and it involves the entire Ethereum Blockchain. Extensive testing and bug bounties are available to ensure the transfer is safe. If The Merge Works, The Price Of Ether (ETH) Should Rise. But it’s not the only crypto that will benefit. We have prepared for you the list of cryptocurrencies that could explode along with Ether.
Ethereum Merge: what is it?
Ethereum was designed based on a Proof of Work consensus mechanism (PoW). This technology requires miners to own complex machines that perform complex calculations to mine a block in the Ethereum blockchain.
This process results in intense competition between miners. Everyone wants to get to the next block. With the Proof of Stake (PoS), there is no more competition to win the next block on the Blockchain. Node operators must now take 32 Ether (ETH) as collateral to become network collectors to earn rewards.
This new mechanism is clearly more energy efficient. This is an advantage that the Blockchain will now provide in an energy conscious world. The IS energy consumption The Ethereum 2.0 network will reduce by 99.5%. But there will be no reduction in gas costs.
Ethereum Merger: The Top 5 Cryptocurrencies That Could Increase Their Prices After The Merger
Here are our top 5 cryptocurrencies that could explode after The Merge:
- Tamadog (TAMA)
- Ethereum Classic (ETC)
- Lido Dao (LDO)
- Staked ETH (stETH)
- Rocket Pool (RPL)
Tamadoge comes into his own on a platform called Metaverse Tamaverse. It is a 3D Play To Earn game that allows players to earn Tamadoge (TAMA) by creating and raising pets. All NFT-based pets can be upgraded using items you purchase from the Tamadoge Shop.
The TAMA is an ECR-20 signal that will definitely benefit from “The Merge” effect. If ETH hits the $2,000 token threshold, alt tokens will benefit greatly. And in this game, the TAMA seems to favor this positive effect.
Tamadoge tokenomics easily explains why this crypto is the best crypto presale. Already, each TAMA will not exceed 2 billion in circulation. In addition, the quantity will decrease over time, as 5% of the revenue generated from Petstore Tamadoge sales is burned. The value of the TAMA will therefore increase over time. It is one of the first signs that ETH will lead to its rise.
Crypto-assets are a risky investment.
Ethereum Classic (ETC)
Ethereum Classic will be one of the best alternatives to the Ethereum Blockchain. Why would people need an alternative? You just have to have them a way to fall back if The Merge fails. The Ethereum network has not seen a more profound change than the announced merger. There is no harm in predicting another cryptocurrency that could validly replace ETH.
Ethereum Classic is a fork of the original Ethereum blockchain. The two blockchains are very similar. Except that the migration on Ethereum Classic is not as intensive in computing power as on Ethereum. Additionally, the hardware used to mine ETH may become useless after The Merge. It can still be used to mine ETCs.
Lido Dao (LDO)
Lido DAO is a liquid stack solution available on Ethereum. It allows investors with small amounts of Ethereum to make a bet on the Beacon Channel. Lido’s strategy is to bring together potential Ethereum adopters. This allows for greater variation within bet pools.
After the Ethereum network merges, all transactions will be processed by stake validators. Therefore, all priority fees currently sent to PoW miners will be distributed to PoS collectors instead. This will help increase pledge returns. CoinShares believes that ETH staking returns will double after the merger. This increase is expected to increase demand for ETH staking, which will ultimately benefit Lido.
Lido Staked ETH (stETH)
Staked ETH refers to a token representing a unit of Ether that has been staked or locked to support the Ethereum network. This cryptocurrency works as a type of IOU because those who hold Staked ETH have the possibility, after a certain period, to exchange them for ETHER.
Therefore, once The Merge is effective, the price of Staked ETH could explode significantly since it will follow the trend of Ethereum.
Rocket Pool (RPL)
Rocket pool It is the largest decentralized liquid stack protocol on Ethereum. Its purpose is to reduce the capital and hardware requirements for interested parties and node operators who wish to participate in Ethereum core network operations.
Many experts fear that Ethereum will be heavily regulated after The Merge. Rocket Pool could be a solution to this problem. The platform lowers barriers to entry for node operators and stakeholders. This action ensures that a larger Ethereum validation set will arrive diversified and decentralized. This will help make the network more secure, robust and resistant to censorship. This latest feature of Rocket Pool could help its token, the RPL, gain value after The Merge.
The price of Ether may increase significantly at the end of The Merge process. Google even got in on the act and put a count down on its site. Other cryptocurrencies will see their value increase at the same time. Stay tuned and look out for our recommended ones.
Crypto-assets are a risky investment.
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