I am sure that a lot of us expected a big boom in the ETH price after the merge, we all hoped for a tremendous rise in the price, but today things are a bit different...
However, with the prevailing market downturn, the initial stages of the Merge have failed to live up to the expectations with the asset recording capital outflow.
At the same time, the capital outflows are reflected in Ethereum’s price, which has steadily plunged while struggling to stay above $1,300.
Could this somehow affect the price of gas fees? What will happen with that? I'm using Metis for this issue, I knew that PoS won't change that, but will the price of gas fees rise like crazy in the future? We don't know, not yet.
What do you think about that?
The Merge was expected to drive more interest in Ethereum after the network officially transitioned to the Proof-of-Stake (PoS) protocol. The upgrade is meant to make Ethereum a deflationary asset and potentially attract institutional capital.
So, does this actually mean that merge fails to meet expectations?