The Ethereum merge is among the most significant events since its blockchain and the industry emerged. The event will move the blockchain from Proof-of-work (POW) to proof-of-stake (POS). While everyone is waiting for the positive impacts of Merge. The effect of the transition is already resounding in the crypto market. The market saw a major decrease in Ethereum prices in the last 48 hours. Moreover, Crypto market analysis experts fear that there may be a further drop in Ethereum price after the merge. Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 While everyone expects good results, there is yet a possibility that a hard fork may occur. If this happens, it will affect crypto prices negatively. Merge Hype May Be A Buy Rumour, Sell News Scenario Ether has already performed better than BTC in the past weeks, courtesy of the merge hype. However, some experts fear the merge hype might have a ‘buy the rumor and sell the news outcome. The buy the rumor and sell the news event happens in the capital markets. It is when high expectations of Merge events or economic reports cause a hike in asset prices. The hiked prices fall again after the event passes. Popular Cryptocurrency trader and influencer Lark Davis expressed his thought about the hype. In his tweet, he said the merge is a fundamentally bullish event. Davis outlined the features expected of the coming Ethereum POS. However, he also stated tha...
PEPE 60% Below ATH; Time For PEPETO?
