Home Latest News The Ethereum Merge: What Should You Know About It?

The Ethereum Merge: What Should You Know About It?

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Ethereum Merge

Ethereum Merge happened on Wednesday and by far it was the largest event in cryptocurrency history. Enthusiasts were very excited the merge and jumped to buy ether, Ethereum’s native token.

This is because Ether has increased its price by 3.2% leaving Bitcoin behind. Before Wednesday, people could buy the older version of this token. It is believed that the post-merge token will be better and stronger due to various reasons. But the number one reason is the scarcity of these tokens, and the low energy required in the proof-of-stake model. This change will put them out of circulation for an extended period.

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Skepticism is still in the community, especially after the recent inflation. So is it right to purchase it right now? It depends on how the market responds to it. Institutions may prefer buying it because of the reduced energy consumption rate.

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