As the long-awaited Ethereum Merge draws closer, one of the most interesting facts about 2022’s bear market is that ethereum (ETH) has outperformed bitcoin (BTC) along pretty much every timeframe.
As of writing, ETH has risen more in the past 24 hours (6% vs 1%), in the past week (7% vs -2%), in the past month (-1.8% vs -13%), in the past 90 days (-8% vs -34%), and in the past year (-57.9% vs -61.5%). And with the Merge still on the horizon – and due on September 13-15 – it’s very likely that ethereum will outpace bitcoin even further in the next few weeks.
But does a short-term rally mean that ETH is going to overtake BTC for good, or even send it into a long-term decline? This largely depends on whether ethereum will truly become a deflationary cryptocurrency post-Merge, something which many observers dispute.
How the Ethereum Merge Will Reduce ETH Issuance
The latest update from Vitalik Buterin suggests that the Ethereum Merge will take place between September 13 and 15, with the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...