Excitement around the merge has already faded, but the long-term benefits Ethereum will reap from the technical upgrade have yet to be realized, according to JPMorgan. After leading the crypto market in the late summer ahead of the event, and enjoying a pre-merge rally, ether ended up being a sell-the-news event. It finished September down about 15% and underperformed other cryptocurrencies. The merge refers to a technical transition meant to improve its security in a way that lowered energy consumption by almost 100%. It was a base layer meant to give way to a series of planned upgrades that will ultimately tackle Ethereum’s biggest issues, like its processing capacity and high transaction fees, also known as gas fees. “The cryptocurrency market remains in need of a catalyst and while the merge is the first step in a series of upgrades to Ethereum, the market has yet to price in the upside that might come from increased capacity and throughput that we see as the Ethereum roadmap is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...