HomeAltcoinIs the Merge Ready to Explode the Price of Ether? Buterin Says...

Is the Merge Ready to Explode the Price of Ether? Buterin Says They Have not Seen Anything Yet.

-

The future evolution of Ethereum, according to Vitalik Buterin, co-founder and public avatar of Ethereum, The network merger, which is expected to take place in the next few months, has not yet been “priced” by the crypto market.

Is it a self-fulfilling prophecy, blind faith, or calm conviction? If you must be skeptical of crypto price estimates (particularly when they are rising), you will notice that some tenors in the business have a voice that tends to be authoritative. Even when it comes to their own inventions.

This is the situation today with Ethereum founder Vitalik Buterin, who feels that his baby’s next mutation will have a substantial influence on its value. An influence that is still being felt today.

Vitalik tells Bankless, “I basically anticipate The Merge to be kind of priceless, and by that I mean not only in market terms, but also in psychological and narrative aspects.”

When pressed to further, the young amateur designer of multicolored t-shirts in front of the Eternal goes on to say, “In terms of the market, individuals who anticipate a price hike following The Merge in mid-September will have to wait 6 to 8 months for the price increase to happen.”

The exercise is risky, and we will acknowledge Vitalik Buterin’s willingness to take a genuine risk, even while the cryptocurrency market is swaying on both sides.

Leave a Reply

LATEST POSTS

The last phase of Ripple process has begun.

The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has entered its final phase, according to Ripple CEO Brad Garlinghouse. Both...

Circle, a USDC issuer, has terminated its SPAC merger with Concord.

The circle was previously valued at $4.5 billion in July 2021, before being raised to $9 billion in February 2022. Circle, the creator of the USD...

For the community, the new Cardano algorithmic stablecoin reawakens old fears.

"I thought we already figured this out, algorithmic stablecoins aren't the best option," a Twitter user wrote. With the recent announcement that Cardano is on track...

Cryptocurrency exchange Kraken lays off 1,100 employees.

One of the biggest cryptocurrency exchanges in the world, Kraken, is reducing its workforce by about 30%, or 1,100 people, in order to "adapt to...

Follow us

0FansLike
3,691FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img
%d bloggers like this: