Is The Ethereum Merge Priced In?

Well for a project to be priced in means those catalyst that influence the price, well there are so many factors that will possibly drive this which is protocol upgrade. The Ethereum merge which is widely anticipated is said to likely influence the market price of the digital asset, this event is said to happen first week of September as it’s the most widely anticipated event in the crypto space after bitcoin halving.

The merge is simply etherum moving from a proof of work consensus to be governed by a proof of stake, this move will have a direct impact on the etherum tokenomics. This merge hasn’t happened yet as at the time of writing etherum is still been governed by proof of work POW.

The merge will definitely drop etherum issuance by 90%, unlike bitcoin halving which implies 50% slash in total supply. So will etherum be price in? Well for a transition that will practically reduce 90% of the supply of etherum will definitely drive the price of the digital asset to an extent, and also we shouldn’t forget that with this merge comes with some risk which can’t be overlooked as it’s like the biggest transition so far for a second largest network such as bitcoin.

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