Ethereum Price Prediction As The Merge Approaches
The Ethereum merge gradually approaching the co founder and also an Ethereum developer is issues a rare price prediction for Ethereum as we move close to September, in an interview Vitalik Buterin gave an explanation why the merger was delayed and also how this delay in time has affected trader/investors reaction towards the project.
In he’s words he went further in saying that;
“Once the merge actually happens then I expect morale is going to go way up.
basically expect that the merge is going to be not priced in, by which I mean not even just market terms, but even psychological and narrative terms.
In narrative terms, I think it’s not going to be priced in pretty much until after it happens.”
Having a look at Ethereum which Vitalik says that new technology development takes more time in achieving in he’s words he says;
“I think it’s both faster and slower. I do think that our results have been pretty mixed so far because if you compare the process of getting the Beacon Chain out the door to the process of getting ETH 1.0 out the door, ETH 1.0 took 20 months from myself writing the first version of the whitepaper to launch.
But here, we’re looking at a merge that will take maybe about 22 months or 21 months after the original launch of the Beacon Chain. And of course the original launch of the Beacon Chain itself happened after a development process.”
We are all certain that this merger will affect the market price of Ethereum directly and it’s really something we are looking at, possibly hope that Ethereum is able to create a new all time high. He also highlighted some forces which will influence Ethereum which is developers and researchers.
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