3 Factors Why the Upcoming Merge Will Raise the Price of Ethereum

The last 12 months have been fatal to cryptocurrencies.

Almost two-thirds of about 2 trillion crypto market has been wiped out.

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Not only the crypto market but also various crypto funds and platforms have plunged into the water.

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Some giant Crypto lenders like Celsius, hedge fund Three Arrows Capital (3AC), and Voyager Digital filed for bankruptcy.

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Crypto seize, resulting in massive job layoffs.

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As defined by Ethereum.org, the Merge combines Ethereum's existing execution layer with its new proof-of-stake consensus layer.

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The process eliminates energy-intensive mining.

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Also, it secures the network using a staked ETH.

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Ethereum mining now requires extremely powerful machines that use a lot of energy.

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After Merge, owners of Ethereum will be able to stake their coins to validate transactions and energize the network.

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With this update, Ethereum will become much more environmentally friendly by reducing energy consumption by up to 99.95%.

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Ethereum is secured by validators who stake their coins rather than miners under proof-of-stake.

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