![]() ![]() Ethereum is the second-largest cryptocurrency in the world by market cap and reports are saying it could soon reduce its carbon footprint by over 99% via “The Merge.” However, this could all soon change with the new Ethereum Merge. Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster SupportĬrystal Blockchain Study Reveals $16.Blockchain technology's negative effect on the environment is a large obstacle to its widespread adoption. Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services 22% responded that they are “unsure” about whether or not ETH will be ruled by centralized entities in the future.Ĭrypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Reportīiden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ “Although I believe this will level out over time, it means The Merge event has further contributed to the centralisation of Ethereum, another card for the Bitcoin maximalists to hold over its closest rival.”ĥ6% of Finder’s panelists, however, do not think the blockchain will ever be “monopolized by a single player,” and 22% think that it’s likely a single player could monopolize the ETH network. account for around 64% of staked ETH globally,” Honan explained. “Early statistics on concentration of staking validators is quite concerning, given 5 or so based in the U.S. Honan says the validator concentration within the ETH network is concerning, and it can give bitcoin ( BTC) an advantage. CFO Jeremy Britton detailed during the survey that even though Ethereum has won points with governments and environmentalists, the protocol “lacks the decentralization for which crypto was intended.” Tommy Honan, the head of strategic partnerships at Swyftx has a similar opinion. Panelists Say While Ethereum Won Points From Bureaucrats and Environmentalists, the Points Were a Trade-off for Less Decentralizationīoston Trading Co. Once complete, The Merge will set up Ethereum to be a global settlement layer, fit for building powerful decentralized applications.” “All are intended to lead the Ethereum network to greater scalability, transaction speed, and cost efficiency. “The Ethereum ecosystem is undergoing a series of upgrades,” Longchamp wrote. SEBA Bank head of research Yves Longchamp is one of the 31% of panelists that believe ether is fairly priced at the moment. The narrative is also way better on the environmental impact, reducing electricity consumption by over 99%,” Raczynski remarked in Finder’s latest ether prediction study. “ has fallen in value, though one could argue, Ethereum is actually more valuable and secure now. Thomson Reuters technologist and futurist, Joseph Raczynski, predicts ETH will reach $1,700 by the end of 2022. By 2025, the panelists expect ETH to reach $5,154 per ether and by 2030, the experts think ETH will tap $11,727 per unit. 31% of the surveyed experts think ethereum is currently fairly priced and 23% of Finder’s panelists think ETH is overpriced. The panelists also believe that after the $963 bottom is in, ether will end 2022 at $1,377 per unit. The latest ethereum Finder’s survey leverages 55 fintech and crypto experts who predict a different outcome regarding ether’s future value.įor instance, 46% of the latest survey’s panelists believe ETH is undervalued but will drop as low as $963 per unit this year. News reported on Finder’s last ether prediction poll which said ether’s value could bottom out at $675 per coin by the year’s end. ![]() On October 11, 2022,, the product and price comparison web portal, published a new prediction survey that discusses the second-leading crypto asset ethereum ( ETH). 46% of Finder’s Experts Think Ethereum Is Undervalued, While 31% Think the Price Is Fair ![]() With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to end the year at $1,377 per unit. 46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website. ![]()
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