What do reputable experts of the crypto market think about the transition of Ethereum to PoS?

Over the past months, the second most popular crypto coin has grown faster than bitcoin. The price of Ethereum more than doubled from its local June lows to $1,837 as of August 17. And the first crypto coin grew only by 34%, to $23,400.

In addition, in the options market, the volume of open positions in ETH at the beginning of the last summer month turned out to be greater than the same indicator in BTC for the first time. Analysts attribute what is happening to the upcoming transition of Ethereum to PoS.

In the event of a successful update of the ETH blockchain, the demand for the crypto coin will most likely increase. The head of Galaxy Investment Partners, Michael Novogratz, previously expressed the idea that only on the momentum preceding the transition, the price of Ethereum can reach the $2,200 mark.

Mati Greenspan, a top manager at Quantum Economics, believes that “the merger itself is an extremely risky event, and anything can go wrong.” Henry Elder, head of decentralized finance at Wave Financial, agrees with this opinion.

“The merger is overhyped in terms of impact on the ETH price. This is an incredibly important technological change for Ethereum, but the impact of such an event on the market may be months away. I wouldn’t be surprised to see growth on the merger, but I don’t think this event will be a sustainable catalyst until the second half of 2023,” Elder said.

Mati Greenspan believes that the capitalization of ether can overtake the capitalization of bitcoin.

“Although there is no guarantee that this will ever happen, just looking at the numbers, it seems that this event is getting closer every day,” he said.

And ENCRY Foundation co-founder Roman Nekrasov expects that ETH volatility will start to grow as we get closer to The Merge.

“I believe that it can drop to $1,300, and then grow to $2,000 in a week or ten days from the Merge, because some investors will want to receive free ETHPOW coins that will appear as a result of the hard fork,” the expert said.

According to his forecast, about 7 days before the transition — September 7–8, the price of ETH may exceed $2,000. What do you think about it?

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