September 14 Could Be The Biggest Day In Cryptocurrency History! Here’s Why

The cryptocurrency market is only a month away from a significant rise expected since 2015. The update, scheduled for September 14, will be one of the biggest days in cryptocurrency history. Here is the importance of this history and the expectations of the experts…

September 14 will be the biggest day of cryptocurrency investment

Currently, as officially announced, the Ethereum merge will take place in September. More precisely, an Ethereum developer has calculated that the project block height will be reached on September 14. However, this date may vary.

What will Merge change on the Ethereum network?

Merge also solidifies Ethereum as one of the most critical building blocks for the future internet. With the update, the Ethereum network will become much more energy efficient than before. Thus, it will become a suitable mechanism for companies with ESG requirements.

PoS Ethereum reduces Ethereum emissions by 90% while silencing the false narrative that PoW is bad for the environment. Ethereum’s inflation is currently at 4.3%. This will drop to roughly 0.4% after the merge, with major fiat currencies currently recording 40-year highs.

Expectations of cryptocurrency experts

Less than a month away from the update, it is on the agenda of many analysts in the market. Ethereum is also outperforming Bitcoin, climbing 62% from its local low in July. Popular cryptocurrency analyst Lark Davis emphasized the importance of the merge in a few sentences:

Ethereum merge is bigger and more important event than Bitcoin halving

Another popular cryptocurrency analyst highlighted the portfolio value of ETH after the merge. Benjamin Cowen, with 600,000 followers, summarizes his expectations as follows:

Ethereum was extremely impressive – to be honest, I didn’t think it would hit 0.08 again this year, but here we are. Merge is still a few weeks away. Let us remind you once again why ETH is such an important part of a portfolio.

triple halving

Once the merge is successfully completed, the new PoS version of Ethereum will have gone through what is commonly known as the ‘triple halving’. The production of Bitcoin halves roughly every four years, causing Bitcoin issuance to be cut in half. Its influence is generally believed to be the start of the next crypto bull run.

When Ethereum switches to PoS, it will issue 90% less ETH in one block. In PoW, Ethereum will generate 13,000 ETH per day, while PoS will only mint 1,600 per day.