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Report: Merger May Propel Ethereum Into Global Institutional-Grade Asset

By WebsCryptoAugust 4, 20221 Min Read
Report: Merger May Propel Ethereum Into Global Institutional-Grade Asset
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A recent research report from Bloomberg Intelligence claims that the long-awaited merger of ETH 0.32%-news/">ethereum will serve as an event catalyst that could transform ethereum into a global institutional-grade asset.

The Ethereum ecosystem has seen a strong recovery after its May 21 peak, the report said, suggesting that the asset may be priced at the wrong level.

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Additionally, according to the report, relative to the last bear market as well as Bitcoin BTC 0.07%, Ethereum outperformed on several key adoption metrics that are highly correlated with price, including active users, non-zero balance addresses and transactions.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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