This hard fork of Ethereum is a big event in the coin market.

Ethereum is the second highest market capitalization coin after Bitcoin. Therefore, the influence of Ethereum on the coin market is quite large. So let’s take the time to predict how the market will change.

Ethereum hard fork

Ethereum hard forks are not as simple as hard forks of other coins. This hard fork is a transition from POW to POS. In other words, the mining method is changing. This method changes from mining with a graphics card to mining with a holder.
Additionally, in this hard fork, the existing POW type of coins will remain as ETHW. People will receive airdrops for this. This could be a partial benefit.

value for ethereum

Ethereum has grown faster than Bitcoin. As a result, it is worth paying attention to whether it will be able to surpass the market cap of Bitcoin in the future. If the hard fork of this coin ends this time, the miners’ mining volume will disappear. It is also predicted that there will not be much mining by holders. It is said to be reduced to about 1/100. This means the rise of Ethereum.
Decreasing the amount of mining is one of the important factors in raising the coin. Bitcoin mining volume is halved every four years, and soars around it. This is one of the reasons why Ethereum can also rise sharply this time.