Towards Merge Update
Less than 3 days left until the Merge update, one of the biggest events in Ethereum history. This update, which the crypto community and investors are eagerly waiting for, has the potential to affect the entire crypto money market. As such, investors and the cryptocurrency community are both excited and worried about any issues that may occur during the update phase. A possible problem to be experienced during this development, where the entire market is focused, may affect the market decline with panic selling. Naturally, no investor wants this. If we look at the positive side of the event, we can say that the testing phases carried out by Ethereum developers in recent weeks have gone smoothly. The developers state that there will be no problems during the update phase.
Google Starts Countdown
We have also mentioned how important the Merge update is in our previous articles. Not only the cryptocurrency market, but also the mainstream is following the update closely. Google has started a countdown based on the time the update will take place, days or even hours before the Merge update takes place. When you type Ethereum Merge to Google, a countdown timer appears that shows how much time is left to update according to the current difficulty and hashrate. Apart from this, another development related to Google is that according to Google data, searches made for Merge in the last month remained above the 50% average.
Whales Are Making Their Preparations
Before the Ethereum Merge update, whales are also making their final preparations. High-capital investors are taking positions before the Merge update, which will migrate the Ethereum network from a proof-of-work system to a proof-of-stake system. The amount of Ethereum staked on the Ethereum network has also increased by 65% since November 2021. Whales, who have not moved for a long time, are also staking their Ethereum on the network as the update approaches.
16874
