As the Ethereum merge advances into the eighth month, investors, traders, and analysts eagerly anticipate impacts on the price of Ethereum. As it’s impossible to appraise the exact outcome, Avorak AI’s deep analysis could shed light on the potential effect the merge has had on ETH’s price eight months after the merge.
Ethereum Merge and its Impact
The Ethereum merge (merge of Ethereum 1.0 and Ethereum 2.0), the much-anticipated update aimed to transition Ethereum’s consensus mechanism from Proof of Work (PoW) to Proof of Stake (PoS), had hoped to make the network more energy-efficient, scalable, and faster. Many analysts and investors hoped the update could increase Ethereum’s value. With the introduction of PoS, Ethereum would become a more environmentally-friendly alternative to Bitcoin and other PoW-based cryptocurrencies. As such, it could lead to an increased demand for Ethereum, which could drive its price up in the long run. However, cryptocurrencies are highly volatile, and prices are often subject to various market factors, making it difficult to predict Ethereum prices with certainty. There may be short-term sell-offs or buying opportunities after the merge.
Avorak AI’s Deep Analysis
Avorak’s deep analysis leverage Avorak’s data and technical analysis to provide insights into how Ethereum’s price changed in the months after the merge. Examining the impact of similar updates on other PoS-based cryptocurrencies, Avorak AI can provide valuable insight into the potential risks and rewards of investing in Ethereum in the post-merge environment. With this in mind, investors interested in Ethereum’s potential returns and who want to understand the risks and opportunities in investing in Ethereum post-merge can draw informed insights from this analysis. Avorak AI’s tools can survey markets 24/7 to determine trade indicators useful for Ethereum price prediction and market analysis for sound decision-making regarding buying, holding, or selling.
Avorak’s ICO
Now in ICO phase six, Avorak’s native token, AVRK, rose 291.67% to $0.235, and the Avorak team expects to launch it at $1, but most analysts believe it will surpass the target. The listing will be on Azbit, Coinsbit, PancakeSwap, and LAToken exchanges. Most YouTube videos have described Avorak as a small-cap gem likely to achieve a 100x status. Early ICO holders enjoy bonuses and access to Beta and priority staking.
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Wrap Up
Despite the expected significant improvements promised by the merge, ETH has not produced an immediate Ethereum price rise. The merge didn’t address Ethereum’s existing problems with high fees and network congestion but instead paved the way for future infrastructure that could solve these problems in later years. It appears the merge merely acted as a stepping stone towards a targeted sustainable and efficient Ethereum network of the future. Meanwhile, Avorak AI’s algos are doing wonders as it reveals more about the crypto space.
Find more information on Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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