$34 Billion Ethereum (ETH) to Enter Market in 24 Hours

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Ethereum is about to face biggest days in project's history, and the majority of investors are not yet sure what's going to happen

However, it is still uncertain how the market will react to the unlocking event, as some investors may choose to sell their newly accessible Ethereum holdings, potentially putting downward pressure on the price. Others may decide to hold onto their Ethereum, anticipating further price appreciation as the network continues to evolve and improve with the transition to PoS.

The shift to a PoS consensus mechanism is expected to make Ethereum more energy-efficient, scalable and secure. This could result in increased demand for the cryptocurrency, as more developers and users are drawn to its improved capabilities. In the long term, the successful implementation of PoS could bolster Ethereum's position as the leading smart contract platform, driving further adoption and demand for the digital asset.

 

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