Bloomberg Told Why Ethereum Could Cost Double Its Price
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Bloomberg Intelligence analysts are sure that the price of Ethereum after the switch to the PoS could be $6.1K, which is 80% higher than the market average price right now.
You may already know about the upcoming ‘Merge’, the network will switch to the Proof-of-Stake algorithm. The official Ethereum website says that the launch of the update could happen as early as the Q2 of 2022. After that, stakers will start receiving part of the transaction fees. If the amount of commissions paid increases, stakers can earn higher income.
The Bloomberg report predicts that fees will grow by 30% in 2022 to reach $12.7 billion. A 30% annual growth is forecast within the next three years. Analysts concluded that the value of Ethereum could be at least $6.1K.
Do you have Ethereum? And what do you think about the upcoming 'Merge'?
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