The Ethereum Merger is on the playing cards with lower than 20 hours left and fewer than 5000 blocks to be mined. Whereas a few altcoins like Ethereum Traditional, Optimism, or Lido DAO had been believed to be impacted largely. Optimism is a Layer 2 blockchain constructed by and for Ethereum builders & Lido DAO is a stalking answer for Ethereum.
Moreover, many Ethereum mining swimming pools like Antpool have confirmed their change to Ethereum Traditional (ETC) which might proceed to work on the Proof-of-Work consensus mechanism. Now when all the three belongings have been drowning in a sinking ship, one more asset emerged because the chief. Ravencoin, which is a Proof-of-Work-based blockchain that facilitates the issuance of recent tokens would be the subsequent vacation spot for the ETH miners.
The RVN value has been incremental for the reason that starting of the month and regardless of enormous promoting stress, the asset managed to keep up a double-digit acquire. The asset plunged whereas the crypto markets drain amid the contemporary inflation charges, however managed to get well greater than 90% for the reason that early buying and selling hours.
The RVN value has been present process a parabolic restoration since costs fell arduous in Could. Nonetheless, the quantity rose to as excessive as $550 million from simply $10 to $15 million prior to now 10 days which can be a results of the massive inflow of ETH miners from an Ethereum Mining pool Hiveon.
Due to this fact, with a profitable accomplishment of the Ethereum Merger, Ravencoin (RVN) value can be anticipated to rise excessive to achieve ranges past $0.1 shortly.
