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After the successful merge: what does the future of Ethereum bring?

 


What were the consequences of the Ethereum merge?

The Ethereum Merge was the switch from the old Proof-of-Work consensus mechanism to the new Proof-of-Stake. It took place on September 15, 2022 and there were no problems with the transition. After the merge, we didn't see any significant increase or decrease in the Ether price. In this article you can read all information about the merge again.

In one fell swoop, the conversion of the consensus mechanism ensured that the Ethereum network consumed 99.9% less energy. Most notably, this shift improves the sustainability of the network and helps get it out of the sight of regulators who have targeted proof-of-work networks in recent years.

The scalability of the Ethereum network continues to be an important issue . With the merge, Ethereum will not become a much faster blockchain in one fell swoop. Further adjustments are to follow in the future (including shard chains). You can find out more about this in our article on Ethereum 2.0.


How did the Ethereum price move after the merge?

After the Ethereum merge, the price of the Ether token has hardly changed. This was due to a general stabilization of the market in recent weeks. The Ether course usually moves in a range between 1,250 and 1,400 dollars. A large increase also seemed unlikely after the merge. Greater difficulties could at most have resulted in losses. 

A breakout to the upside or down seems increasingly likely over the next few weeks. If the Bitcoin price breaks out, the Ether price should follow. In the near term, we may see Ethereum rally towards $1,700 before year-end.


Where can I buy Ethereum?

You can buy the Ether token on all major crypto exchanges. As a rather inexperienced investor, we recommend the Kraken crypto exchange , which is very beginner-friendly and still offers the most important large cryptocurrencies for trading.

Ethereum is often a double-edged sword among crypto investors. Many are praising the strong growth of the Ethereum ecosystem and its dominance in DeFi applications and NFTs. Other critical voices note that the competition is constantly growing and networks like Cardano or Solana could become dangerous for Ethereum in the future. 


Cardano vs Ethereum Coins

However, in the next few years until the next bull market, the future of Ethereum should be positive. The merger was the necessary step into the future to ensure Ethereum’s competitiveness in the years to come.


What developments will follow in Ethereum in the future?

Ethereum development will not stand still in the near future. In the future, after moving to Proof-of-Stake, Ethereum will need to design the network in a way that it can remain decentralized, ensure security, and become much more scalable over time. A first step is the Shanghai Upgrade, which we present in this article .


As a result, we should see more adjustments dedicated primarily to increasing scalability . An important part of Ethereum 2.0 is the increasing adoption of shard chains , which can handle the transaction loads in smart contracts and in the network in general.


Is it worth investing in the Ether Token now?

The medium and long term future should be positive based on the information we currently have . Ethereum is taking the right steps to maintain the network's dominance of dApps for years to come. We should see new all-time highs again in the 2024/2025 bull market at the latest.


However, we must also note that the competition in the form of Cardano, Solana or Avalanche has grown significantly in the last market cycle. Therefore, a diversified portfolio of Bitcoin, Ethereum and other altcoins is recommended for investors. 

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