Crypto

Cryptocurrency Price Prediction: 3 Inevitable Events That Could Explode Prices

Successful implementation of The Merge of Ethereum

The current transition of the Ethereum network from proof of work to proof of stake has been one of the most anticipated developments in recent years. An official playthrough is closer than ever thanks to the successful implementation of The Merge on testnet open Sepolia.

If the merger goes off without a hitch, it is likely that the growing hype around it could help bring the cryptocurrency market out of the 2022 gloom, especially if it leads to greater scalability and a smoother user experience. What was promised!

Acceptance of bitcoin as legal tender in a new country

El Salvador became the first country in the world to accept bitcoin as legal tender in 2021, boosting its local adoption. Central African Republic became the second country to do so in April 2022, which seems to indicate a lean trend.

It is possible that an economy larger than these two countries will take the leap and accept bitcoin as legal tender. As fiat currencies continue to lose their value due to inflation and international tensions, it is more than the right time to embrace bitcoin.

Launch of the first spot bitcoin ETF

all projectsI F Physically secured bitcoins introduced in the US were rejected Securities and Exchange Commission (SEC)and it’s been that way since 2017, when the Winklevoss twins’ first BTC ETF offer was rejected.

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The pressure on the market authorities is high and we believe that the launch of the first ETF is only a matter of time.

Read also Investing in Ethereum: 3 Reasons to Buy Ethereum for $1,000

The appearance of fresh money in the market may mean the beginning of a new waveinstitutional adoption and signal the endcrypto winter.

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