Post
Topic
Board Altcoin Discussion
Re: So the ETH merge has finally happened
by
WilderX
on 18/09/2022, 09:25:55 UTC
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...

It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing.

So you will see the price returns to pre 2018 levels in the future. From 10's to max couple of hundred dollars per ETH.

Also now the SEC is coming for ETH because it is proof of stake and that makes it a security now.

So you will see ETH price will be exactly what it costs to make one in the end. Which is very low value.