Will Ethereum Merge Crash or Revive the Crypto Market?
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the Ethereum merger and how it could affect the crypto market
To kick things off, we broke down the latest news in the markets this week.
Surge or purge? Why The Merger May Not Save Ether (ETH) Price From “September Bear.” Options data, macroeconomic catalysts and technical signals suggest that a decline in the Ether price is on the table despite the merger. Ethereum’s native token, Ether, is not immune to downside risk in September after surging roughly 90% from a low of around $880 in June. Can Ethereum prove analysts wrong and break out in price after the merger or is the price already taken and we have already seen the price rally for the end of this year?
ETH Merge: CoinGecko Co-Founder Shares Strategy For Forked Tokens. Many believe that after Ethereum moves to proof-of-stake (PoS), a fraction of Ether (ETH) miners will create a proof-of-work (PoW) fork of the network so that they can still continue mining. One executive believes that there are ways for ETH holders to take advantage of this upcoming event. Different people expect to trade the merger very differently to benefit. Our experts highlight some of their plans. Tell us how you want to do things in the comments section.
Ethereum gone wrong? Here are 3 signs to watch out for during the merge. The assumption that Ethereum will only transition to a fully functional proof-of-stake (PoS) network after the merger somewhat ignores the risk and effort required to move an asset that has a market cap of $193 billion and 400 decentralized applications ( DApps). This is precisely why monitoring vital network conditions is essential for anyone willing to switch the arrangement. Our own Marcel Pechman lays down 3 things to keep an eye on during the merger.
Next up is a new segment called “Quick Crypto Tips,” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. Tip of the week: Learn when to step aside.
Market expert Marcel Pechman then closely examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go through some market news to keep you updated on the latest on the top two cryptocurrencies.
Finally, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Lido DAO Token’s LDO and Firo’s FIRO.
Have a question about a coin or a topic not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will receive a one-month subscription to Markets Pro worth $100.
The Market Report streams live every Tuesday at 12:00 PM ET (16:00 UTC), so be sure to head over to Cointelegraph’s YouTube page and smash the like and subscribe buttons for all future videos and updates.