Poloniex Exchange To Merge With Huobi?
The post Poloniex Exchange To Merge With Huobi? appeared first on Coinpedia Fintech News
According to a recent tweet from Wublockchain, The Poloniex exchange, which Justin Sun acquired from Circle in 2019, will merge with his recently acquired Huobi exchange, according to sources familiar with the matter. Coingecko shows that Poloniex’s daily spot trading volume is only 1/10 of Huobi’s.
On November 24th, deposits and withdrawals for stablecoins on the BEP20 (BSC) network were suspended by the cryptocurrency exchange Poloniex. These include Binance’s own BUSD as well as USDT, USDC, and TUSD. However, the cryptocurrency exchange did not elaborate on the reasons behind its unexpected suspension of BSC stablecoin services.
Dogecoin Will Some How Merge With Twitter – Says Cardano Founder
Following the news that Elon Musk had taken over Twitter, the price of Dogecoin experienced a substantial increase. According to reports, Dogecoin surged 124% in the last week, taking the top spot on Robinhood’s list of top gainers.
Cardano founder Charles Hoskinson thinks there’s a chance that Dogecoin will converge with the social media platform in the wake of Elon Musk’s takeover of Twitter.
“Now that Twitter is in the hands of @elonmusk I can see a real possibility that DOGE will somehow merge with the platform.”
Members of the Dogecoin and Cardano communities responded to the tweet in large numbers. The idea of the cryptocurrency and Twitter merging has excited a lot of DOGE supporters. However, some Cardano investors appear dissatisfied that Hoskinson is supporting DOGE rather than ADA. They requested Hoskinson to push ADA to join Twitter.
Whether Hoskinson believes Dogecoin will switch to a Proof-of-Stake (PoS) or Proof-of-Useful-Work (PoUW) algorithm was a question posed by one of his followers.
In response to the user, Hoskinson suggested that Dogecoin be added to the Cardano sidechain. The head of Cardano promised to carry out the migration himself, free of charge. Hoskinson promised to include smart contracts as well.
The Elon Musk effect
Following Elon Musk’s eagerly anticipated acquisition of Twitter, the Twitter ecosystem, particularly the cryptocurrency industry, had reason to rejoice yesterday. Twitter’s previous owner has been marked by discord, a ban on user accounts, and bots that have tarnished its reputation.
And the crowd had to “let that sink in” for a moment before Elon Musk eventually sealed the deal the following day and entered Twitter’s offices carrying a kitchen sink. Investors in Dogecoin think that after Musk’s Twitter acquisition, the cryptocurrency will merge with the social media site. Musk has consistently pushed for the acceptance of Dogecoin.
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Vitalik Buterin Believes the ETH 2.0 ‘Merge’ Will Reveal its Real Price After the Fact
While Ethereum (ETH) co-founder Vitalik Buterin stages a Twitter battle with Michael Saylor over the Microsoft founder’s Bitcoin (BTC) purist stance, he has other important crypto matters on his agenda to worry about. Most notably, the upcoming Ethereum 2.0 merge or what’s also known simply as the Merge.
According to recent news, the Merge is the long-awaited ETH blockchain upgrade or Ethereum 2.0. Along with it, the network should be expected to go from a “Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.” What this translates into is that the ETH blockchain will no longer be subject to mining, as in the case of BTC. It also means the true price, or transaction validation, will be revealed after the ETH upgrade goes live.
A September 19, 2022, Target Date
It’s no exaggeration to say that the Merge has been a long time coming. Even then, when it is finally given the green light on September 19, 2022, it’s said that the complete transition to a blockchain PoS will not yet be complete, making some investors anxious about a highly anticipated Ethereum price spike. The true Merge is expected to happen between the Beacon Chain and the ETH mainnet, or so sources say.
However, Vitalik is quick to toss some cold water on these price predictions. During a recent interview, the robotic-appearing Ethereum wizard predicted the anticipated Merge would not change the price of ETH immediately after it goes live. He also added that Merge’s impact won’t be limited to market sentiment but instead to other aspects driven by both psychology and narrative.
However, with ETH having been outperforming even BTC in this latest bear market, it’s safe to say that the old adage, buy the rumor, sell the news applies when it comes to Ethereum 2.0. But investors will just have to wait and see what transpires in August and if another delay is to be expected.
Not a Complete Transition
While the Merge between the Beacon and ETH blockchain is expected to finally happen, the complete, 100 percent transition to PoS will not yet take place. This alone could affect the price once things go live. Experts say that there are still specific “market expectations” that will coincide with the September launch date. Investors are counting on an ETH price spike as soon as Merge/Ethereum 2.0 goes live.
But it’s also being said that the ETH rally won’t actually become fact until half a year or more later. This is due to what’s called the “post-cleanup fork,” which is said to take an average of seven months to complete. Once that takes place, ETH developers should be willing to accommodate withdrawals. At the same time, an offering of a post-cleanup state ETH would occur.
It should also be noted that a major reduction in the Ethereum supply will occur in the wake of the Merge. This comes about from an EIP-1559 proposal which allows for the burning of ETH instead of issuing the tokens to existing miners. The idea behind this is to make ETH deflationary.
How Merge Will Affect Ethereum Price
During Buterin’s recent speech at the ETH Community Conference, he stated that investors should expect “fluctuations” in ETH’s price going forward. It should, however, increase given the right crypto market conditions. Many analysts believe there will be an ETH spike prior to the Merge and then a dip after the fact. Again, buy the rumor, sell the news.
Staked ETH is expected to remain locked after the Merge while ETH developers busy themselves with a post-cleanup renewal. Popular exchanges like Coinbase and Kraken are said to be allowing the trading of staked Ethereum a half year beyond the post-cleanup period.
Say the experts, the overall trend for Ethereum Classic (ETC) and Lido Staked Ethereum (stETH) is said to be expanding into positive territory. The prices of these digital assets are presently increasing in proportion to the present price of ETC (around U.S.$1,600 per ETH as of his writing).
However, ETH is down almost 42 percent over the past three-month period. Yet, ETC, stETH, and ETH are on the move again and even beating out BTC in terms of market popularity with recent price increases of 22 percent, 11 percent, and 12 percent, respectively.
Is now a good time to purchase ETH for your portfolio? While you should always do your own research and/or consult with a professional financial advisor, it might not be a bad idea to begin aggressively dollar cost averaging (DCA) into ETH in preparation for the Merge.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company
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Ethereum (ETH) Shows A Lower Issuance Rate Post Merge
The post Ethereum (ETH) Shows A Lower Issuance Rate Post Merge appeared first on Coinpedia Fintech News
As promised with the Merge, Ethereum (ETH) is doing well with its claims of greater inflation resistance. IntoTheBlock analysts have disclosed that the inflation rate of ether (ETH) has dropped to a range of 0% to 0.7%, in comparison to 3.5% prior to the Merge. We can note that Bitcoin’s net issuance rate is about 1.75% currently, in contrast to Ethereum. Ethereum’s weakened inflation rate can surely strengthen its appeal among crypto investors.
Ethereum Foundation mentioned that the issuance of Ethereum’s proof-of-work (PoW) mining rewards was around 13,000 ETH per day. As per Ultra Sound Money, around 8,100 ETH have been added to ether’s total supply since the Merge. Now mining rewards have disappeared, and staking rewards would amount to around 1,600 ETH per day as per calculations, following the merge.
However, IntoTheBlock analyst says that the net inflation rate is still “higher than the deflationary ETH many anticipated.” According to Conotoxia’s Kostecki, the newly discovered inflation resistance’s value could be pulled down by investors’ fears about the SEC, which is trying to categorize cryptocurrency as a security.
2 Big Priorities for Ethereum After Successful Merge – Says Vitalik Buterin
The post 2 Big Priorities for Ethereum After Successful Merge – Says Vitalik Buterin appeared first on Coinpedia Fintech News
In his recent interview, Ethereum founder Vitalik Buterin said that the platform has two major priorities lined up after the successful completion of ETH’s transition to Proof-of-Stake (PoS). The first priority, as per Buterin, is figuring out the scaling. He mentioned that figuring out scaling includes getting the Ethereum protocol fully roll-up ready. This includes prototank sharding, getting roll-ups to be fully ready for users, getting applications on top of them, getting good bridge infrastructure, and getting the wallets to support them. The second priority is Ethereum’s transition from being in a rapidly developing firefighting mode to being in stability mode.
Buterin also said that when the merge is finally complete, Ethereum developers would not have to rush through big protocol changes, Eventually, he said the community will become more “pragmatic” in the near future.
After Ethereum Merge, Bears Hover Around Ethereum Classic Price! What Next?
While the Ethereum network is cherishing its successful merge where the network completed its transition from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum Classic (ETC) is facing pressure. Amidst the ongoing bearish pull, the Ethereum Classic price might be pulled down even further. However, though ETC is experiencing decreasing volume and market cap, there is a surge in its social media dominance and sentiment.
At the time of writing, Ethereum Classic is selling at $27.98 after a plunge of 2.41% over the last 24hrs.
ETC Price Action Fails To Pick Up
Yesterday, September 22, an analytic platform, Santiment claimed via Twitter post that there were huge bets against Ethereum Classic, especially after the merge. This kind of behavior points toward a lack of trust among market participants towards Ethereum Classic as an alternative for PoW.
This is not the only reason for not believing in ETC’s capabilities cause another reason could be due to a drop in ETC miner revenue. Hence, as the miners lack incentives to mine ETC, the network might get into trouble. In the end, this might force miners to lose interest in ETC mining and turn toward other PoW chains.
Meanwhile, along with ETC price, even the market cap is facing a bearish pull that has resulted in a pullback of 29.27% in the last week. Also, the currency’s volume dropped by 90% during the same time.
The social media dominance couldn’t stand in favor of Ethereum Classic’s price action as the social media pressure failed to be consistent. Overall though there are a few positive developments, ETC price has not benefited.
However, with the number of active addresses increasing by nearly 38.29% in the last month, there are chances that this surge in activity will influence positively on ETC price action.
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Top Reason Why Ethereum Price Plunged Heavily After The Merge
Ethereum crashed by nearly 25% after the merge. At the time of reporting, Ethereum is trading at $1,307 with a fall of 3.10% over the last 24hrs. Today, even the ETH/USD and ETH/BTC pairs have plunged by more than 20% and 17% respectively.
Reasons For Ethereum Price Plunge
There are several causes behind the Ethereum price plunge.
The first reason that pulled down ETH against the US dollar is the Federal Reserve’s interest rate hike by 75bps.
The second reason is the increased criticism that ETH faced after the merger. Till now only five staking pool operators have produced 60% of the blocks. These five entities include Lido Finance, Coinbase, Kraken, Binance, and Staked Us. Among these, Lido Dao holds the biggest share and has 4.19 million ETH deposited or 30% of the total amount of ETH staked into the network.
Next is the decrease in institutional investors or smart money toward Ethereum-based investment products. There has been a capital outflow of $15.4 million from Ethereum funds. Parallelly, Bitcoin investment funds have attracted $17.4 million.
The last reason is the selling pressure that Ethereum experienced from its proof-of-work (PoW) miners as they sold $40 million worth of Ether in just a day.
Hence, the worsening macroeconomic situation might lead to further dips in the asset’s price.
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City Bank’s Report Lays Out The Aftermath Of The ETH Merge
The post City Bank’s Report Lays Out The Aftermath Of The ETH Merge appeared first on Stablecoin Vs Fiat Currencies: Features, difference, And Factors
According to City Bank’s report, the transition volatility has remained subdued despite the high hopes after the Ethereum Merge was successful.
The merge involved the switch to a more energy-efficient proof-of-stake (PoS) consensus from a proof-of-work (PoW) process. Following the transition, rewards are now not given to the miners and the ETH issuance is estimated to plunge 90% to around 600,000.
ETH has become a yield-bearing asset after the removal of mining, with a current staking yield of 4.5%.
In the aftermath of the merge, the network activity has increased as ETH produces a yield for validators. However, the fees is still very low.
How are Investors Reacting To Ethereum Price Plunge After Merge Event – Coinpedia – Fintech & Cryptocurreny News Media
Ethereum network successfully completed its Merge on September 15 which transformed the network from proof-of-work (PoS) to proof-of-stake (PoS) mechanism. However, Ethereum didn’t receive the expected result as the currency started its downward journey right after the merger.
If the ETH/BTC is considered, it appears like Bitcoin is about to see its worst days when Ethereum’s growth rate is considered. Ethereum surged by 60% against Bitcoin from July 13 to Sept 8.
But the last 60 day bull run wasn’t that eye-catching as the flagship currency picked up the dominance while Ethereum lost it after the Merge.
On the other hand, in just 10 days ETH gave up half of its profit after facing 20% correction. However, as per the daily chart Ethereum might see a trend reversal soon.
Ethereum Merge : Buy The Rumor, Sell The News
Meanwhile, Ethereum witnessed an increased selling pressure after the merger was successfully completed. However, a few of the market experts claim this event as Buy the rumor, sell the news.
Though there wasn’t any issue while the network was getting transferred from proof-of-work (PoW) to proof-of-stake (PoS), the zero effect on Ethereum price has created a sense of fear among investors and traders which provoked them to exit from their position.
At the time of reporting, Ethereum is trading at $1,367 with a fall of 3.67% over the last 24hrs.
Additionally, it can be seen that the lead altcoin is dropping against the US dollar as Ethereum price has declined at $1,300 level. Hence, it’s important for the currency to maintain its price range above $1,280 which was a resistance area during June’s trading.
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These Altcoins May be the Best Bet For Traders Post Merge! – Coinpedia – Fintech & Cryptocurreny News Media
It’s been an exceptionally bearish week as most of the cryptocurrencies are trading in the red. Bitcoin, the world’s first cryptocurrency, has lost its $20,000 level and is trading around the $19,000 level.
The second largest cryptocurrency by market cap, Ethereum, has also lost its key trading level and has dropped to around $1,400. Yesterday, the network entered into proof-of-stake from proof-of-work after the merge. However, the merger has had an adverse impact on the Ethereum price.
Meanwhile, Raoul Pal, co-founder at Goldman Sachs, a hedge fund company, has put forward his analysis of the altcoins that are set to outpace Ethereum after the ETH merge.
The expert believes that the Ethereum merger will be a positive event but the currency’s layer-1 competitors will be taking over because those assets are already enjoying scalability and affordability.
He feels that Ethereum is still in its initial stage and by the time ETH hits that level, other platforms would have already gone too far.
As per the analysis data, a few leading layer-1 blockchains are Solana (SOL), Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM) and Binance Chain (BNB)
Raoul Pal also claims that yesterday’s Ethereum merge will surely impact a cycle in decentralized finance (DeFi) along with improving other financial projects in the crypto world
As per the reports, the merge will make the Ethereum network more sustainable and energy efficient as the network will reduce the use of energy by 99.95%.
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Aftermath of Ethereum Merge! Here’s What Binance CEO Chengpeng Zhao Has To Say – Coinpedia – Fintech & Cryptocurreny News Media
Without a hitch, the biggest upgrade in Ethereum’s history realized years of testing and labour from the project’s developers and laid the groundwork for the network to become the internet’s payment layer, as well as being eco-friendly. This certainly was a win for the crypto space.
However, it may not be time to celebrate just yet.
The major participants have been quite vocal about the negative effects of the merger. Investors are being warned by the CEO of the world’s largest cryptocurrency trading platform that the changeover to proof-of-stake for Ethereum (ETH) will likely let them down in some way.
The Aftermath of The ETH Merge
Changpeng Zhao, CEO of Binance, stated in a recent interview with CNBC that traders expecting the merger to have a quick influence on the ETH environment will be let down, particularly if they anticipate that significantly lower gas fees will be introduced right away.
“Several people have exceptionally high short-term ambitions for the integration; they believe that Ethereum gas fees will instantly decrease from $10 per transaction to $0.02 per transaction. The likelihood is quite low that it will occur. It takes a lot of time.”
Even though the Ethereum upgrade occurred in stages, over many months or years, it is a highly positive development that is moving in the right direction and demonstrating significant innovation. Whereas the unification will take place today or tomorrow, Ethereum’s gas costs won’t immediately decrease.
What does the crypto community predict?
Meanwhile, Zhao, the richest crypto millionaire in the world, asserts that additional improvements to ETH in the future would bring it closer to the benefits that were originally anticipated from the merger.
“We expect those fees to diminish when the other advancements, like sharding, kick in, which is a good development for the industry.”
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12 Hours For Ethereum Merge! ETH Price to See Huge Selling Pressure Dropping To This Level – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum merger is set to be completed within a few hours from now, and there are speculations that once the merger is completed, ETH will decline. This is because more traders are opting to short derivatives and several experts fear that this will lead to a ‘buy the rumor, sell the news kind of event. This means that people hype up a certain event in order to raise the prices and then, soon after, sell their gains- leading to massive crashes.
At the time of publication, Ethereum is changing hands at $1,591 after a fall of 8.59% in the last 24hrs. Bitcoin has dropped by 10.79% in the last 24hrs and is trading at $20,154.
Positive Impact To Take Time
As per Lark Davis, a popular influencer and trader, the upcoming Ethereum merger is actually a bullish event as this will lead to a huge drop in ETH’s energy consumption. However, he claims that this needs time, hence, ‘sell the news’ might occur and pull back the price.
This perspective has been popular in the crypto space of late. Several analysts anticipate that the ETH merger will definitely be beneficial, but the positive effects will take time to properly reflect. However, there are a few key factors that the merger fails to look into, like the waiting time and the high gas fee. Vitalik Buterin, Ethereum co-founder has claimed that his team has planned a four-phase plan to tackle such issues.
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XRP, ATOM, LTC, and XTZ Price Heading Towards These Levels Ahead of Merge Event – Coinpedia – Fintech & Cryptocurreny News Media
Amidst the volatile crypto market, a well-known crypto analyst and trader, Michael Van De Poppe, has put forward his analysis of XRP, Cosmos (ATOM), Litecoin (LTC) and Tezos (XTZ).
XRP
Poppe informs his 627,100 Twitter followers that though Ripple’s XRP is facing a sell-off, the current price is advantageous for bullish action.
He claims that XRP’s current $0.33 is the level for traders looking to go long.
At the time of publication, XRP is selling at $0.336 after a drop of 2.67% in the last 24hrs.
Cosmos (ATOM)
The analyst also talked about Cosmos (ATOM), a network that is dedicated to scaling and interoperating. Here, he asserts that $13.30 acts as the first support, and then $11.22 and $9.96
Currently, Cosmos (ATOM) is trading at $14.25 with a downswing of 5.21% in the last 24hrs.
Litecoin (LTC)
The next altcoin that has caught the trader’s attention is Litecoin (LTC) which is a peer-to-peer payment network. Though Litecoin is currently under bearish control, the strategist is of the opinion that LTC will surge against the flagship currency (LTC/BTC)
As per Van de Poppe, until Litecoin’s price is above $0.0028 BTC, the currency is bullish.
At the moment, Litecoin has plunged by 6.34% in the last 24hrs and is currently valued at $59.92
Tezos (XTZ)
Before Michael winds up his analysis, he talks about Tezos (XTZ), a smart contract network. As per the expert, it’s important for Tezos to stick above the support level of $1.44 to make a bullish move toward $2.85
Presently, Tezos (XTZ) is trading at $1.57 with a fall of 0.77% over the last day.
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I don’t Believe the Ethereum Merge Will Happen
The entire crypto industry, which has been throttled by the vast macroeconomic factors of late, is now looking forward to the highly anticipated merge event.
The crypto space is divided in its opinions; while half believe it will be successful, others are projecting it as just a hyped event.
What the Crypto Bulls’ Have to Say on the Merge Mania!
The CEO of cryptocurrency exchange BitMEX expresses his concern about the possibility that Ethereum’s (ETH) anticipated switch to a proof-of-stake (PoS) consensus methodology will not take place.
In a recent interview with Bankless, CEO Arthur Hayes stated that he and many others do not think the merger will actually happen.
In this context, he said that, “If you’ve been around long enough, you’ve heard the chatter of proof-of-stake for five, six, or seven years but still nothing has happened yet.”
“People no longer seem to think that the merger will take place. I can’t say with certainty that I believe they’ll convert to proof-of-stake because I’m not working in the trenches as the developers have since 2014.”
experts predict that the ETH merge is just a big bubble
According to Hayes, it will be feasible to demonstrate that Ethereum will be actually improved by demonstrating how proof-of-stake works and that current decentralized apps (DApps) are compatible with it.
Hayes believes that nothing has been provided to him as of yet that suggests the merge will take place.
“Enlighten me. None of that will convince me that [the shift] will occur until it really does, and I believe a lot of others share that belief.”
Based on his analysis, he claimed that no one has seen how it operates or that all the various applications would continue to operate as they did before. He also claimed that no one has yet demonstrated that there won’t be any bugs or edge cases that will require a hard fork to return to the proof-of-work model (PoW).
If successful, what will happen?
On the other hand, he added that if the ETH merge is successful, the price of ETH will significantly increase. In his interview, he also mentioned that the merger will significantly slow down the rate at which Ether is issued, having the same effect on Ethereum as if Bitcoin had been cut in half.
Therefore, regardless of whether the Federal Reserve decides to boost interest rates substantially higher or not, Hayes anticipates that Ether will surge well by the end of 2022.
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How Ethereum Merge Will Impact ETH Token Supply – IntoTheBlock Report – Coinpedia – Fintech & Cryptocurreny News Media
The ‘Merger’ is here and what to expect from the forthcoming merger of the top smart contract platform is revealed in a new study from cryptocurrency analytics company IntoTheBlock. According to a well-known market intelligence company, after the top altcoin switches to a proof-of-stake system, the quantity of Ethereum (ETH) released every block would drastically fall.
The transition of ethereum
ethereum Blockchain NetworkTechnology 
Followers : 0 View profile to proof-of-stake (PoS) has been highly anticipated for a number of reasons and will happen soon. The Ethereum network and the asset Ether are expected to benefit from this upgrade, which has been in development for a while. The number of ETH issued every block will drop by 85%-90% as a result of the merge, which is one of the most significant repercussions.
This decrease, according to intotheblock 
intotheblock Business Intelligence Followers : 0 View profile , is the same as Bitcoin’s (BTC) value halving three times at once. The reward for mining a token is reduced by half during a halving. According to IntoTheBlock, this will result in Ethereum miners becoming a thing of the past, removing $20 million to $25 million in supply pressure off the market.
Will ETH supply decline?
The crypto intelligence company also claims that due to an increase in transaction fees, ETH may become slightly deflationary after its transition, though it also points out that it could go either way.
Following the merge, ETH supply is probably going to briefly decline. As the anticipated event is likely to generate volatility and speculation, burning more ETH in the process, transaction fees are projected to rise in the hours and days following the merge. However, ETH will be only slightly inflationary if Ethereum fees return to their 30-day average.
“For these reasons, the most up-to-date projections for ETH inflation following the merge are between -1% to +0.5%. These figures are lower than previous projections given that transaction fees have dropped 75% over the past three months.”
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How Crypto Traders are Setting up ETH trade Ahead of Ethereum Merge – Coinpedia – Fintech & Cryptocurreny News Media
Since the underlying blockchain is expected to undergo its biggest technical update this week, several cryptocurrency speculators are shorting Ether in the futures market, according to trading data.
Ether’s financing rate decreased from the previous year to its lowest point in July 2021. The funding rate of the Bitcoin perpetual future contract has apparently varied significantly during the past weekend, according to Kaiko cryptocurrency firm.
These funding rates are used by exchanges to tie contracts to their underlying spot price. If the rate is positive, holders of big positions pay interest to holders of short positions, and vice versa.
The Ether merge upgrade is expected to take place this week to transform Ethereum proof-of-work into a proof-of-stake consensus this upgrade is expected to be energy sufficient and environment friendly
Crypto Traders are in favor of perpetual contracts unlike traditional calendars futures
Traders tend to favor perpetual contracts, unlike the traditional calendar futures. On Monday Ether experienced a down surge of 3.7% to $ 1,694. Ethereum is currently trading at $1,719.23. In the last 24 hours, it has traded as low as $1,682.43 and as high as $1,757.14 with a market capitalization of $209,883,982,877
The overall trade volume is $16,943,955,335 and there are 122,349,617.62 ETH in circulation. As of this writing, bears have gained control of the market by 1.59%. The massive cryptocurrency Bitcoin is experiencing bullish momentum. Investors are anticipating bullish momentum before the ETH merge, but they should exercise care because the Merge might disrupt the whole crypto market.
Andrew Tu, head of growth for crypto algorithmic-trading firm Efficient Frontier believes that people may be hedging ahead of this week’s The Merge because the price of ETH has largely grown while funding rates have decreased.
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Ethereum Merge Completes 99.76%! Will The Upgrade Be Successful?
The most anticipated event around the crypto space is the Ethereum Merge which will transform the network from present proof-of-work (PoW) to proof-of-stake (PoS). Since the time the news was made public, the lead altcoin, Ethereum has seen a price rise.
At the time of writing, Ethereum is trading at $1,714 with a drop of 2.28% in the last 24hrs.
As per the reports, the Ethereum network has completed 99.76% with the support of Ethereum clients and developers who have strived for successful completion of the preparations towards the release and upgrade date.
Interestingly, 85% of Ethereum nodes have updated after the recent client releases and with the hash rate plunging below 872 TH/s, the merge is expected to be completed by September 15.
The OKLink’s Ethereum Merge Countdown Ethereum network has a 99.76% completion stage with the help of clients, developers, and users. The Ethereum network is set to transform into proof-of-stake after Ethereum Mainnet (execution layer) will merge with Beacon Chain (consensus layer).
Ethereum (ETH) Transform To PoS Soon
On September 6 the consensus layer saw an upgradation of Bellatrix which has helped the Beacon chain to prepare for the Merge and the Paris upgrade is also set to prepare the Mainnet for Merge. Once the network attains the terminal total difficulty (TTD) of 58750000000000000000000 on September 15 and the Paris upgrade is completed, Ethereum will be transformed into Proof of Stake. This will happen only after the Beacon Chain validator validates the block.
This transformation will see Ethereum’s energy consumption falling down by 99.95% and this shift in consensus mechanism has gained support from Ethereum mining pools.
It’s also important to know that the current hash rate has attained almost 900 TH/s, hence the merge is expected to happen even on September 14. However, the hash rate has dropped after the Bellatrix upgrade. Hence, the Merge is expected to be completed on September 15 between the time frame of 2:00 – 4:00 UTC. Now only 11344 blocks are yet to be mined.
Conversely, one of the crypto analysts, Big Cheds is of the opinion that Ethereum Merge is a buy the rumor, sell the news kind of event. As Ethereum’s price surged above $1750 there is some profit booking, but if ETH falls below $1700, there will be shorts.
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Ethereum Merge Is Almost Here- Why Bitcoin might be the Ethereum killer – Coinpedia – Fintech & Cryptocurreny News Media
There has been a lot of hype surrounding the upcoming Ethereum Merge and how it’s going to take the platform to any entirely new level. Some investors are so excited about the future of Ethereum (Ether) after the merge that they are buying it up left and right, even though the value has gone down considerably this year.
What some believe, though, is that Ethereum’s new move to a proof-of-stake validation system will actually open it up to new security risks. Instead of potentially overcoming Bitcoin (BTC) in terms of value, then, these people believe that BTC could actually separate itself more as the most secure blockchain in the world.
This is certainly possible, as we’ll dive into more below. But, another thing to consider is that, despite a lot of talk about BTC and Ether and what their potential is, both are performing quite poorly in 2022, and don’t have a great outlook in the near future, either.
That makes other cryptocurrencies worth a look. There’s a new meme coin that’s about to hit the market that’s making great waves already, and is bound to provide exceptional returns. It’s called Tamadoge, and it’s taking the meme coin market by storm, even while it’s still in its presale.
No One is Talking about Bitcoin, and for Good Reason
If you keep your ear to the ground in the crypto world, you’ll notice that much of the talk right now centers around the Ethereum merge, set for mid-September. People are clamoring about how the merge is going to change the game not just for Ether but for other crypto as well.
They debate whether blockchain’s future will be spread out on multiple chains, or whether it will be consolidated onto a few. They’re chatting about which of the Virtual Machine-based protocols that Ethereum is going to use is going to be the one that’s most secure.
But, as some people are pointing out, no one is talking at all about Bitcoin. The reason for this is that there’s nothing to talk about — and that’s a good thing.
BTC hasn’t changed much in recent years, and there’s a reason for that: There’s no reason to change. It’s already an ultra-secure platform. There aren’t big hacks that expose vulnerabilities, as has been seen with other crypto markets.
So, while there’s a lot of hype surrounding Ether, the hype might not be a good thing. Sometimes, it’s the other guys that are worth looking into when all the attention is being paid to something else.
BTC isn’t the only crypto that falls into this realm, though. So, too, does Tamadoge (TAMA), a new highly-secure, eco-friendly meme coin that’s completely revamping how people think about meme coins. It’s performing very well in presales, and is bound to be a secure, long-lasting investment for those who buy it.
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Tamadoge is Reinventing Meme Coins in a Secure Way
Security is obviously a major concern for any crypto investor — and Tamadoge has these people’s interests in mind. TAMA has created an exceptionally secure environment, alleviating any concerns people might have about a new meme coin hitting the market. What’s more, it’s pre-mined, which helps it become a very eco-friendly crypto at a time when there’s so much talk about crypto being a drain on energy around the world.
Tamadoge is separating itself from the competition by combining the worlds of NFT and Play-to-Earn (P2E) into one. Users are able to breed, train and battle out there NFTs on the Tamaverse, where they can then climb up a monthly leaderboard.
There will also be P2E opportunities that will include AR experiences, where users can take their doges into the metaverse to play with friends.
This perfect combination in approach is what is setting TAMA apart from the competition, and why it’s bound to be an extremely successful meme coin launch. The Beta sale closed early, and the presale is nearly over as well.
Buy TAMA Now Before It’s Too Late
The TAMA presale has performed exceptionally well. In fact, there are only roughly 7.23 million TAMA remaining out of an initial presale amount of 1 billion. Tamadoge has raised roughly $13.069 million of its original $13.250 million goal.
So, if you want to get in on the ground floor of the exciting new meme coin that’s taking the market by storm, you better act now — before it’s too late.
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How to Buy Tamadoge
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have three optionsBuy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.
You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.Buy TAMA With ETH.
Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”.
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.
Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Cardano’s Vasil Hard Fork is 95% Ready While Only 20K Blocks Left For the Ethereum Merge!
The crypto space is expected to manifest extreme action in the upcoming days, as 2 of the most important events are close to reaching their destination. While Ethereum Merger is scheduled between September 13 & 15, Vasil hard Fork will be accomplished on September 22, 2022. Therefore, the two most awaited events are expected to turn the tables for the entire crypto space which may assist the Q4 to begin with a bullish note.
Will ETH Price Hit $2000 Ahead of the Merger?
It is now only a few blocks left to be mined before the Ethereum platforms undergo a complete transition from Proof-of-Work to Proof-of-Stake. After nearly 8 years of the roadmap, the platform is now very closer to creating history within the crypto space.
The initial transition is the gateway that opens the possibilities for a more scalable & efficient network. The investors appear to be pretty confident of the ETH price rally after the Merger as the volume of loans to ETH has spiked enormously. The total amount of coins borrowed exceeded $1 billion.
While the Merger is to be accomplished this week, the ETH price is also expected to coil up significantly. Currently, the asset is trading at $1755, within a significant bullish trend. Therefore, the price is expected to coil up and break the immediate barrier at $1800 and eventually reach close to $2000 soon.
Cardano’s VASIL Hard Fork Incoming, Why ADA Price Consolidating?
In a recent update, the Cardano platform is fast approaching its destiny that resides within the Vasil Hard Fork, scheduled on September 22, 2022. Presently, more than 94% of the mainnet blocks have been created by the final Vasil node candidate(1.35.3).
On the other hand, the exchanges like Binance, MEXC, BitTrue, Gate.io, BTC Turk, OKX, Whitebit, etc have indicated their readiness for the upcoming event. Additionally, 50% of the top Cardano dApps have the tested status in preproduction, while the others remain in testing. Nearly 1093 projects are building on Cardano, while more than 3000 scripts have been rolled out on Plutus.
Therefore, with the raising market sentiments and development activity, the Cardano (ADA) price is also set to rise high in the coming days.
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Ethereum Price Recovers Despite Merge Fears As The Hideaways Takes Off
Anticipation for the Ethereum merge has seen the Ethereum (ETH) price increase in volatility over the course of the past month. Initially falling heavily, the Ethereum (ETH) price recovered with 4% gains on Friday 9 September.
Ethereum (ETH) has had a rough time in the current bear market.The 2022 Ethereum (ETH) price prediction isn’t looking positive. The coin has not climbed above its critical resistance level at $2,000 since mid-August. Investors are looking elsewhere for a 2022 investment star.
Ethereum Merge Impacting Ethereum Price?
Price prediction from top crypto analysts sees Ethereum (ETH) falling back to $1,500 post-Merge. The Ethereum Merge has been met with a mixed reception in the crypto world. If the Ethereum (ETH) price does drop to $1,500 that will be a sharp drop from the current Ethereum (ETH) price of $1,725 at the time of writing.
Bearish price forecasts make investors think it’s time to take their gains from Ethereum (ETH) and put their money into a luxury real estate cryptocurrency The Hideaways (HDWY) that has been making headlines lately for its presale success.
Early-stage crypto projects like The Hideaways are traders’ favorite for a reason: gains are limitless. Now priced at $0.01, HDWY is set to take the world by storm and jump 9,000% by the end of the year.
Ethereum Price Prediction – ETH is in Overbought Territory
The market is pumping cash into Ethereum ahead of the completion of its Proof of Stake transition to take place sometime between September 10 to September 19. ETH is up 5.5% to $1,711 in the last 24 hours.
However, technical indicators suggest the coin has entered the overbought territory and a massive sell-off can take place after the Merge optimism dies down.
In the coming days, ETH is expected to fall to an immediate support level at $1,529 before taking it lower to an August low at $1,415. This means now is not the best time to keep HODLing Ethereum (ETH) if you don’t want to take part in a losing trade.
A better decision is to move your cash to The Hideaways (HDWY) – an all-in-one crypto, NFT, and real estate investment currently offered at a $0.01 presale price and running a Telegram competition.
The Hideaways (HDWY) Snatches Attention from Ethereum (ETH)
Ongoing uncertainty with Ethereum (ETH) means it’s time to make space for new coins that hold huge growth potential, and The Hideaways (HDWY) is the market’s best bet.
It is the first platform to give normal investors a chance to make money out of luxury property investments without having to spend a big amount. You can buy fractionalized non-fungible tokens for as little as $100. Investors who commit $10k + will benefit from incredible rewards such as a luxury concierge service worth $50k per year!
Also, collectibles from The Hideaways are not like your regular NFTs – they are underpinned by real-world properties to back their real-world utility and will therefore maintain value. You have 4 secure ways to make money out of your investment through monthly rental income, staking income, capital appreciation from NFT ownership and HDWY token price gains.
Analysts Give The Hideaways (HDWY) a +9,000% 2022 Gain Prediction
The Hideaways (HDWY) is at a presale price of $0.01 currently. But the team have announced that a price rise is incoming!
Analysts say The Hideaways (HDWY) could easily become one of the most profitable investments in 2022 and jump 9,000% by the end of the year. It could take gains higher to 9,000%, a level Ethereum will not reach.
It is an enjoyable sight to see this coin making exponential gains, especially for a project like The Hideaways (HDWY) whose contract is audited by the trusted solidproof.io. You don’t want to miss a chance to profit from a secure investment.
To know more about The Hideaways, check them out:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Here’s Why Ethereum Merge Might Act As Catalyst For Crypto Space – Coinpedia – Fintech & Cryptocurreny News Media
While the overall crypto market struggles for a bull market, a well-known crypto analyst and trader, Cred, is of the opinion that the crypto market, especially Ethereum (ETH), will see massive gains this September.
In his latest analysis, Cred says that the Ethereum merge, which is scheduled for mid-September, will be released on the same day on which the inflation data is expected.
As per the analyst, the inflation data will reveal how the market will perform more than the Merge event. He goes on to say that as the US CPI data will be out on the same day as Merge, the day will play an important role in the further price action of the crypto market.
Inflation Data To Determine Crypto Price Action
Moreover, the strategist believes that inflation data will either push or pull the crypto price, because if the stats are positive, the Fed will lower the interest rate hikes and hence, Ethereum along with other currencies, will see a bull run.
On the other hand, if the inflation data is negative, Cred claims that the crypto market will not experience any big change and the currencies will continue to plunge. Hence, he believes the Merge will not act as a major driver of the market.
Furthermore, Cred asserts that the traders might look towards the Merge for predicting the rise or fall of the market instead of focusing on macroeconomic data. He explains that people are desperate for some positive news and events in the crypto space, which is the major reason why the ETH Merge is getting the kind of attention it is.
The strategist says that this would be the same for inflation, as once the inflation data is released, it will pave the way for the crypto market’s price action and if ETH plunges, there will be a general opinion that it is because of Merge.
However, Cred claims that this kind of opinion will not be genuine; people must look at the macro trade for relevant insight.
At the time of reporting, Ethereum is selling at $1,507 with a fall of 10.09% in the last 24hrs