"The Merge" Just Two Weeks Away

What quickly gaining traction is "The Merge" it represents a time where Ethereum will be changing their entire blockchain from proof of work which uses massive amounts of power, infrastructure, GPUs to mine and secure it's blockchain to a full revamp to proof of stake which is very energy efficient and I wouldn't say more centralized as proof of work mining really comes down to about 3 major pool companies anymore.

When Is "The Merge"

The merge is expected to take place on September 15th however often times depending how fast or slow the chain is going. (In this case I actully expect a slow down as miner leave and get ready to mine on the proof of work chain instead) that this could be pushed back to somewhere around the 16th -20th of September.

Speculative Prices

Of course with any of this a lot of volatility happens in the markets as people try and guess what the price might be. The other factor here is if there will be a hard fork and if so most look at this as a way to pile into Ethereum and hope for a forked coin. It's already been reported by Coinbase that they would support any proof of work chain that stems from the Ethereum hard fork.

Others feel instead of a hard fork (which by the way has already been added to some exchanges as a IOU token which has quickly faded in support) that Ethereum classic would simply gain the support of miners and that would be the main (hard forked) token to take over.

Stable Coins

Ethereum hosts a number of large stable coins with massive market caps. We would see all of them move with the updated proof of stake chain and not proof of work chains. If anything that proof of work chain would become a disaster trying to manage and there's zero support or oracle support for the forked stable coins from this.

Stable coins have become a critical building block for crypto across all investment and financial avenues. Without stable coins it's very questionable if most people would have gotten involved and value would of been held on many crypto assets. We have also seen the horrible after effects when a so called stable coin gets depegged and the havoc it causes across the entire crypto market.

Would A Hard forked Coin Be worth It?

Most if not all dapps currently on Ethereum would move to the proof of stake chain and not support the other hard forked coins. Ethereum classic has also been around since the birth of Ethereum and that's never really gains all that much traction valued at just $32 right now and a 4 billion dollar market cap putting it at #20. That's a hard speculative price though as it traded for sub $20 for years as Ethereum itself moonshot.

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