Ethereum seems to have the wind in its sails. Its skyrocketing value with the arrival of “The Merge” is supposed to bring a revival to the second crypto world. Investors did not wait for the merger to start investing in Ether. He has already achieved very exciting sums for the future.
If Ethereum is in such a good condition, it is because his transition will bring enormous added value its basic operation. We decode with you, all the elements to know to understand the context in which Ethereum is located.
At the end of this article, you will all the weapons on hand to invest or not in Ethereum.
Ethereum is already close to 2000 dollars
The IS estimates predict Ethereum at 2000 dollars with the release of The Merge. But 3 months before its launch, we already notice that the crypto is about to pass the ceiling of 2000 dollars!
According to Coin360, we observe a Ethereum at 1920 dollars on August 11, 2022. Due to the rapid progress of the latter, the estimates of 2000 dollars seem to be very small compared to developments in the market.
The benefits of switching to The Merge seem incalculable and fool even the experts. If we feel really enthusiastic about the update, why is there so much cryptocurrency panic?
The success of PoS on the Prater testnet
After validating the new proof test on Goerli, Ethereum is the next step was taken with the Prater testnet. This is the last step before applying it to the mainnet. The merger with Prater has already been successfully completed adding to the bullish forecast for the crypto.
The Merger is scheduled for mid-September, nothing seems to be able to stop Ethereum in its tracks. Many companies like Tester and Circle support the project. Looking at the charts, all these things together took Ethereum to another level.
The last 24 hours show the full potential of Ethereum version 2.0. He recorded a a 12.5% increase from $1705 to $1920. Thus bucking the general bearish trend of cryptos rising to levels that suggest a bright future for digital currency.
Understanding “The Merge” and its effects on Ethereum
In short, The Merge is the moving from the “Proof of Work” system to the “Proof of Pledge” system.“. They are the ones who control the exchanges between Ethereum holders. As you can imagine, changing Ethereum’s entire transaction model is a huge and complex undertaking.
The project also caused major delays very early notice, a few years ago. This time, the team leading the revolution seems ready to make the move. With the Composition, Ethereum will be faster and less energy intensive. On the investor’s side, it is the confirmation that the cryptocurrency remains in the race. It will be competitive with other recently made cryptos in the market which is very technologically capable.
The Merger, a requirement for Ethereum
Beyond its “update” feature, The Merger is indispensable for Ethereum. Miners, among other things, have seen a significant increase in transaction fees in recent years. The system was no longer tenable over time. Ethereum is in danger of running out of steam if it does not quickly switch to the PoS model.
Ethereum is one of the largest cryptocurrency in the world behind Bitcoin. He is recognized for enabling essential smart contracts which allows many applications.
Due to its popularity, it is very easy to find:
- Registration on a cryptocurrency exchange such as Capital.com, Coinbase or Binance. They are the ones that allow you to get the famous digital currencies.
- Verify your identity by following the steps shown. Among other things, you will need to provide an identity document, take a photo of yourself, etc.
- Apply your payment method. This will usually be a bank account or bank account. Please note that you will sometimes need to verify your account by transferring to the platform account.
- Once it’s done, all you have to do is deposit funds in euros/dollars, etc… to buy Ethereum.
You can also buy ether through a wallet like MetaMask or TrustWallet. In short, there are many ways to get it effectively.
If you want a detailed guide to buying Ethereum, go to our tutorial.