3 Cryptocurrencies Expected to Outperform ETH Price Thanks to Ethereum Merger
It's not just the price of ETH that will benefit from Ethereum's move to proof-of-stake in September.
Market analysis
After years of waiting, Ethereum is finally ready to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum's native token, Ether (ETH), the valuation of several other tokens not only benefited greatly, but also may continue to outperform ETH after the merger.
Ethereum nears mergerThe leading smart contract platform completed the last of its three public testnets, dubbed Goerli, on August 11. Therefore, there should be no delays in the Ethereum merger, which is expected to go live on September 19.
Ether price jumped 5% to around $1,950, its highest level in more than two months, after the Goerli update. Meanwhile, some crypto assets that could benefit from a successful merger are seeing upward moves and have even outperformed ETH over the past month.
ETH/USD daily price chart. Source: TradingViewWill these tokens continue to outperform ETH price in September? Let's take a closer look.
Lido DAO (LDO)The merger will replace Ethereum's army of miners with validators, who will face 32 ETH as an economic stake.
This major staking requirement has opened up opportunities for intermediaries, i.e. platforms that collect Ether from underfunded stakingrs and pool the profits to become validators on the Ethereum blockchain. Lido DAO is one of them.
Related: Is it foolish to expect a massive Ethereum price spike before and after the merger?
Lido DAO is the main staking service in terms of value locked in the official Merge smart contract. In particular, he paid 4.15 million ETH into the so-called Eth2 contract, leading Coinbas...
It's not just the price of ETH that will benefit from Ethereum's move to proof-of-stake in September.
Market analysis
After years of waiting, Ethereum is finally ready to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum's native token, Ether (ETH), the valuation of several other tokens not only benefited greatly, but also may continue to outperform ETH after the merger.
Ethereum nears mergerThe leading smart contract platform completed the last of its three public testnets, dubbed Goerli, on August 11. Therefore, there should be no delays in the Ethereum merger, which is expected to go live on September 19.
Ether price jumped 5% to around $1,950, its highest level in more than two months, after the Goerli update. Meanwhile, some crypto assets that could benefit from a successful merger are seeing upward moves and have even outperformed ETH over the past month.
ETH/USD daily price chart. Source: TradingViewWill these tokens continue to outperform ETH price in September? Let's take a closer look.
Lido DAO (LDO)The merger will replace Ethereum's army of miners with validators, who will face 32 ETH as an economic stake.
This major staking requirement has opened up opportunities for intermediaries, i.e. platforms that collect Ether from underfunded stakingrs and pool the profits to become validators on the Ethereum blockchain. Lido DAO is one of them.
Related: Is it foolish to expect a massive Ethereum price spike before and after the merger?
Lido DAO is the main staking service in terms of value locked in the official Merge smart contract. In particular, he paid 4.15 million ETH into the so-called Eth2 contract, leading Coinbas...
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