by Shashank Jain
The past few weeks have been the most challenging in the history of cryptocurrency. It has become so scary that newbies might not even have a reason to invest in crypto. Although some experts will advise you tobuy Ethereum, judging from its antecedents, it always performs better when the market finally normalizes. The cryptocurrency market is not the only market experiencing a bad time; the equity market is also not having any good. Meanwhile, the process of Ethereum has been experiencing a worse decline since 2021. On the other hand, Tarra: one of the most popular stable coins around, has grossly declined, collapsing over $40 billion in value, thus, sending a shock wave across all decentralized finance ecosystems.
As if the bad times are not yet done with the market, the biggest NFT collections have been thrilled with racist accusations linked to its developers. But that’s not the point; the thing is, as the market falls, it gives room for an entirely new terrine. In more extreme cases, it even goes as far as creating an entirely new direction for the market. Both Ethereum traders and investors are patiently waiting for the end of the negative wave to pass, getting ready for the Merge; this event is long-anticipated and has long grown to become a proof-of-stake (PoS) network. It also seems like the network upgrade may be delayed again this time. But VitalikButerin (the Ethereum founder) said last week that the Merge might be ready sometime in August this year. So, if you wish to buy Ethereum any time soon, this might be a good time.
PoS Merge has been predicted to be the best way to boost Ethereum security and decrease the extent of energy consumed. This is another way to set the stage for a broader network strength and an improvement in fee payments. But with the recent negative development in the market, it is not yet certain if the bear-market Merge will affect the ongoing upgrade.
What Investors Think About the Bear-Market Merge
Different cryptocurrency reporters have opinions about the investor’s view on the ongoing bear-market Merge. While their analysis might not be exactly how it is, there are different reports from different sources containing different information about this development. The thing is, investors are still skeptical about the whole bear-market Merge process. They are more interested in how it will affect the market price.
For some time now, market speculators have focused on the development of the Merge; they have described it as a development that is likely to boost the price of Ethereum’s token – and for reasons best known to them, they believe that the price of Ethereum may likely surpass that of bitcoin. This is another way of giving the green light to investors who still want to buy Ethereum in this longest dip in the history of cryptocurrency.
It is hard to say where the current development will leave the price of Ethereum or other cryptocurrencies. Still, for people who usually buy Ethereum during dips, this may be one of their best decisions so far. This is because there are likely possibilities that the PoS will change a few Ethereum’s tokenomics; no one knows; it may be from the price or in ranking. Already, this bear market has been predicted to last through July into August. Market speculators also predicted that those who buy Ethereum in times like this would have a course to celebrate when the Merge finally hits the right height.
Cryptocurrency and the Bear Market
It is not enough to encourage investors to buy Ethereum, especially now. You must understand that price should not only be the main focus when planning your next investment. It is also necessary to ascertain what the market conditions will look like when the price stabilizes. It will be near impossible to predict what the market will look like when this unfortunate trend finally ends. This bear market implies that only a few people would like to invest in the market, especially now that there is very little money flowing into the market.
Some crypto industry analysts believe that many investors and developers who were introduced into the crypto industry during the bull are the ones who left it immediately after the bear market started and have gone in search of more profitable ventures to evade the severe condition of the crypto market. This means, in a nutshell, that instead of buying Ethereum or its equivalent, they are always in haste to sell it off, going all out to look for safer investments to cool down while the market recovers.
