Tora Inu and Shiba Inu’s host blockchain, Ethereum, is rising in value. Could this be The Merge work? – Crypto mode

Despite bearish conditions throughout 2022, Ethereum is making a strong comeback. The native network of popular projects such as Shiba Inu (SHIB) and Tora Inu (TORA) continue to attract enormous attention. The big question is whether The Merge drives value or the projects on this network.

Ethereum (ETH) is seeing strong momentum

There has been a lot of speculation regarding crypto prices at the end of 2022. After a weak start to the year and a lot of sideways momentum during the summer and Q3, few expected any prominent market momentum in the final months of the year. However, Ethereum (ETH) has recorded a strong comeback, regaining the $1.6000 price level for the second time in as many weeks. That’s still well below the all-time high of $4,878 set in November 2021, but it offers a glimmer of hope nonetheless.

The big question is why the momentum is turning now. Some indicate that The Merge – Ethereum switched to proof-of-stake consensus over proof-of-work – a few weeks ago. As a result, the network becomes more energy efficient and miners are no longer needed. Also, the network’s emission rate is further reduced, putting Ethereum on the path to becoming a deflationary currency. However, it still has no maximum supply cap.

While The Merge may contribute to the Ethereum price rise, it is not the whole story. Many aspects of The Merge – such as staking and EIP-1559 – were already active on the network. As a result, close to 11% of the circulating ETH supply is at stake, although this number has largely stayed the same. Therefore, it is safe to say that The Merge was “priced in” already, and today’s market momentum has a different origin.

Shiba Inu and Tora Inu Drive Value

The main contributing factor to Ethereum’s value is the abundance of applications, projects and services on the blockchain. Notable projects include Aave (DeFi), OpenSea (NFT), Uniswap (DEX), Shiba Inu (Meme coin) and Tora Inu.

While most would lump the Shiba Inu and Tora Inu in the same boat, the projects differ significantly. Neither is content to be just a meme coin, although the Shiba Inu will always struggle to shed that label because it was created as a “Dogecoin Killer”. Dogecoin is the premier meme coin in the crypto world today.

Tora Inu approaches the crypto market with utility and purpose in mind. It’s a dog-themed currency, but that helps make it more accessible and appealing. Also, the brand is establishing itself as a forward-looking project rather than riding the lazy wave of “new meme coin excitement”. Its current advance sale has noted a huge success and will sell out quite quickly. Industry experts and investors are keen to acquire these $TORA tokens at discounted prices while they can.

Tora Inu has an ambitious roadmap that will see the newest dog coin enter the metaverse through NFTs and play-to-earn mechanics. All the stars are aligned to catapult Tora Inu to a market value of $1 billion or more when it makes its public debut. Also, the skill-based game and various mini-games will be revealed soon to build further momentum.

Take part in the Tora Inu Pre-Sale today and take advantage of discounted $TORA tokens while supplies last!

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