Ethereum Upgrade Delayed! How is it Affecting ETH’s Market Value? – Analytics Insight

Analysts and key indicators have revealed that if the crypto fails to deliver this time, and the upgrade is delayed even further, it will now adversely affect the crypto’s pricing and market value.

In fact, several angry and disappointed ETH users have said that ETH developers will not be prepared even by the end of the timeline, and it is just another consolation for more delay.

A big part of the enthusiasm, among the crypto community, was the fact that it held indications for a sooner Ethereum upgrade and could soon become the largest, overtaking Bitcoin! Even though the developers introduce upgrades on the network almost all the time, the London hard fork was important since it consisted of Ethereum improvement proposals, also abbreviated as EIPs.

The ‘Merge’ will enable the network to move from proof-of-work to a proof-of-stake consensus mechanism, which will allow the ETH holders and traders to operate as validators to perform certain tasks.

To answer this question, we have to precisely analyze what the investors and others in the crypto community think.

…Read the full story