[TradeSmith Daily]( Ethereum Is on the Eve of a Historic Moment. Hereâs What The Merge Means for Investors and the âCrypto Curiousâ Alike.
Whether you realize it or not, youâre about to live through one of the most consequential moments in the history of cryptocurrency… Something thatâs only happened a handful of times since crypto became the highest-performing asset class of the last decade — and never at this scale… Something thatâs creating huge, potentially life-changing opportunities for those who have the right person to guide them through it… Something known as “The Merge.” The Merge is the culmination of eight-plus years of research and development coming to fruition for the worldâs second-largest cryptocurrency, Ethereum (ETH). Itâs an upgrade that will ignite a shake-up in the crypto market and elevate Ethereum to the best risk-reward investment of 2022. And with just days left before The Merge, youâre now faced with a choice. You can act on this opportunity now and set yourself up for potentially life-changing rewards, or you can play it safe — let this opportunity slip by, do nothing, and risk a lifetime of regret. You might be thinking to yourself that crypto is “dead” or just a “fad.” Believe me, Iâve heard it before. All I ask is that you reserve that decision until after you read what Iâm about to share… RECOMMENDED LINK [Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast:
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[Click here for the name of the one ticker you need to protect yourself.]( Welcome to The Merge
At this very moment, all around the world, there are warehouses full of computers working overtime, expending massive amounts of energy, with the sole purpose of mining ETH. A single transaction drains enough energy to power the average U.S. household for a week. Over the course of 365 days, weâre talking enough energy to power the entire country of Chile… And enough to cause major blackouts in Kazakhstan earlier this year after an influx of cryptocurrency mining operations overloaded the countryâs power grid. But that changes this week with The Merge. In technical terms, The Merge is when Ethereumâs existing proof-of-work (PoW) execution layer, called the Mainnet, will merge with its proof-of-stake (PoS) consensus layer, called the Beacon Chain, to form one single proof-of-stake Ethereum network. In practical terms, The Merge is an upgrade that will replace Ethereumâs out-of-control, energy-consuming mining operation with a more efficient system that spreads the network load across the millions of individuals who hold ETH. The important thing to understand here is that this one momentous move will slash Ethereumâs energy consumption by 99.95% virtually overnight. And investors are ecstatic. Just google “ethereum merge” and check out the custom countdown clock Googleâs own engineers built into its search results:
Even with the overall market trending down, excitement leading up to The Merge has pushed the price of ETH up 60%-plus over the last 60 days. Compare that to Bitcoinâs 12% gain over the same period. And those gains are a drop in the bucket compared to whatâs ahead. Because thereâs something else set to drive the price of Ethereum beyond anything weâve seen to this day — a slow-burn catalyst thatâs been brewing in the background for several years that The Merge will ignite into a full-blown flame. It comes down to simple supply and demand. See, one thing that differentiates a cryptocurrency like Ethereum from other traditional currencies like the U.S. dollar is how tokens are supplied. Rather than issuing new tokens whenever theyâre needed, cryptos like Bitcoin and Ethereum have built-in mechanisms that control the supply and maintain their value. For example, in 2016, Bitcoin miners would earn 12.5 bitcoin for every block they mined. In May 2020, that reward was cut in half so that miners were only earning 6.25 bitcoin for every block. Capping the supply increases demand, which has in turn proven to be a massive price catalyst for Bitcoin. After the 2016 halving, the price of Bitcoin soared all the way from $647 to $19,800 in 526 days. Take a look at how each of these halving events has historically led to a new peak within about 1.5 years:
Impressive, right? And thatâs nothing compared to what we could see with The Merge, which will have a much more dramatic effect on the supply than any of those Bitcoin halvings. Post-Merge, the number of new ETH entering circulation will be reduced by 90%. Weâre talking about a supply shock equivalent to three Bitcoin halvings at once — a “triple-halving” that could send ETH to a new all-time high over the next couple of years. That makes Ethereum look like one heck of a bargain at its current price of $1,750. And time is running out… RECOMMENDED LINK [This Forces Instant Cash Out of Every Stock You Use it On](
Imagine if you could produce [instant cash payouts]( of $920... $1,160... or $2,880 every single month. How would it change your life? Before Keith Kaplan asked his friend Hailey this question â sheâd never traded in her life. She replied, âIâll believe it when I see it Keith!â But after Keith showed her how to [make $920 in just 47 seconds]( â Hailey was floored. âYouâre kidding... thatâs what I just made?â [Click HERE to watch the LIVE video âdemoâ of Keithâs contrarian technique](. The Clock Is Ticking
After a successful dry run in August, The Merge is on track for some time between today and Sept. 15. But the exact moment The Merge initiates wonât depend on a clock. It will depend on a number: 58750000000000000000000. 58750000000000000000000 is the total terminal difficulty (TTD) threshold Ethereumâs network needs to reach to trigger The Merge. It represents the last mined ETH that will ever be validated and added to the blockchain. As of Monday, we were at a total terminal difficulty of 58548964329460636581888, which puts The Merge on track for Sept. 15 at 02:50:46 UTC, according to tracking site 787.io/themerge/.
That long number means the clock is ticking — and you have a decision to make. Itâs a no-brainer for me. With such an obvious runway in front of Ethereum, thereâs quite simply never been a better time to own ETH. Iâd even recommend buying Ethereum over Bitcoin for those of you who are new to crypto investing. Thatâs how much I believe in the opportunity. My colleague, TradeSmith CEO Keith Kaplan, [recently highlighted]( Coinbase Global Inc. (COIN) as an investment opportunity for folks who are “crypto curious.” And Coinbase is actually a great way for first-time crypto investors to buy ETH. You can download the Coinbase app on your phone and set up an account in a matter of minutes. Beyond that, ETH is available on just about every other major crypto exchange — Binance or Gemini — the choice is yours. Just make sure you donât miss out on this incredible opportunity, or youâll surely regret it in a few yearsâ time. My best until next time, Joe Shew
Senior Crypto Analyst, TradeSmith Before You Go Look, Iâm a risk-averse investor like many of you are, and Iâll always be the first to admit that crypto is a volatile market thatâs not for the faint of heart. But the truth is that smart investors make big money regardless of how the market swings. The keys to success are a bulletproof mindset, a disciplined strategy, and an expert that you trust in your corner. Thatâs where I come in. Because I practice what I preach, and more important than talking the talk, I can walk the walk. The cryptos I recommended to subscribers in June, July, and September of this year have already gained 75%, 30%, and 11%, respectively — and I have plenty more profit plays lined up for those who join today. So be the smart investor. [Click here]( to find out how you can have my next buy alerts waiting at the top of your inbox as soon as theyâre ready. Best of TradeSmith
The chart below represents the best-performing open positions over the last two years, as recommended by our software.
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