The merge of Ethereum (ETH), which is expected to complete the transition from the current proof-of-work (PoS) consensus mechanism to a proof-of-stake (PoS) framework, has been elusive for quite some time.
Nevertheless, a DeFi educator under the pseudonym Korpi believes it will be a game-changer because it will shift the selling pressure experienced in the Ethereum network, given that structural supply will change to structural buying. The educator explained:
“The Merge is a substantial change in supply or demand forces most people underestimate. Multiple Ms of daily sell pressure on ETH will be replaced by buy pressure. Every day we will need new sellers to prevent the price from going up.”
The DeFi educator also acknowledged that if the merge happened today, the $10 million of daily selling pressure witnessed in the Ethereum network would be changed to $8 million of buy pressure. Korpi added:
“Let's confront structural supply and structural demand on a daily basis. PoW: Daily Sell...
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