Altcoin Roundup: Analysts give their take on the impact of the Ethereum Merge delay

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Altcoin Roundup: Analysts give their take on the impact of the Ethereum Merge delay
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Yay, another Ethereum network delay! Analysts discuss various outcomes now that the long-awaited “Merge” has been delayed until late 2022.

Delays in Ethereum network upgrades are nothing new and so far, the immediate effect on Ether’s price following the revelation has been minimal.

The current amount staked is equivalent to 9% of the circulating supply of Ether but several barriers including the inability to withdraw staked Ether or any rewards from the Beacon Chain have limited more widespread involvement.the number of ETH staked to increase to between 20 to 30 million ETH, which would “yield a net validator return of 4.2% to 6%.”

Chief among these are high transaction costs, difficulty of use and network congestion, leaving the door open for competing networks that offer comparable staking rewards and cheaper transactions to increase their market share.Big events like the Merge, oftentimes, turn into a “buy the rumor, sell the news” type of event in the cryptocurrency sector, but several analysts are saying that it would be a mistake to assume that with Ethereum.

The Triple Halvening refers to ETH issuance being reduced by 90% following the Merge, a feat that would “take three Bitcoin halvings to produce an equivalent supply reduction.”

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