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Ethereum Set For $20 Billion Post-Merge Shanghai Spree

 

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After Ethereum’s move to the Proof of Stake (PoS) system saw the blockchain’s cryptocurrency drop 19% amidst investor uncertainty, a move which developers say cuts the energy usage by 99.95%, investors are itching to see the potential of the Bitcoin rival.

The next huge step for ether is the much-anticipated “Shanghai” – a move which will release around $20 billion in locked-in assets, and is expected to take place in around 6 months’ time.

With the vastly greener PoS system it is expected powerful investment institutions will be tempted to move across to Ethereum, with prices likely to drive up with token issue set to decrease by 90% -RT

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