The Merge
It is reasonable to assume that Ethereum has recently been one of the most talked-about cryptocurrencies. The Proof-of-Stake consensus method will replace the Proof-of-Work (PoW) consensus mechanism in the blockchain project (PoS). The “The Merge” procedure, which is expected to be finished by the end of the summer, is seen as the first stage in the protocol’s future evolution.
The positive news around Ethereum increased the price of its native coin, Ether (ETH). It rose by almost 60% at one point in the previous ten days and, despite a minor retracement since then, hit a multi-month high of over $1,600. In light of this, an Australian comparison website researched how much investors believe ETH will be worth in the next years. By the end of the year, most participants predict that the token will reach $1,700. Its price is anticipated to exceed $5,000 in 2025 and climb as high as $15,000 in 2030.
The Statement by Joseph Raczynski
It’s important to note that almost 80% of respondents believe this uptick will only occur if “The Merge” is accomplished. Looking more closely at the data, we see that 29% of respondents predict that the value of ETH will increase right away, 24% predict it will happen three months after the change, and 11% predict it will take more than a year. In his opinion, Ethereum is “the blue blood of the crypto world” since it “supports hundreds of billions of dollars in transactions and value, with thousands of tokens,” according to Joseph Raczynski, a technologist and futurist with Thomson Reuters.
Other experts, such as Daniel Polotsky, the founder and chairman of CoinFlip, and Asher Tan, CEO of CoinJar, were more bullish, projecting that ETH will reach $2,000 before the year is through. According to Polotsky, Bitcoin is the most widely used and regarded digital asset in general society. In contrast, he said that “speculative” cryptocurrencies like Ether might be a superior investment during tough economic times since they might increase investors’ returns.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.