Two weeks ago, Ethereum received praise and attention for successfully completing its highly-anticipated Merge, a historic switch to a new “proof-of-stake” blockchain intended to significantly reduce energy consumption—by as much as 99%.
However, when investors awoke shortly after the upgrade,the token’s price was at its lowest point since July. Ethereum has dropped more than 20% from its September high of almost $1700 to its current price of $1315.
ETH’s social activity increased as a result of the buzz that surrounded the Merge before its implementation, according to data from cryptocurrency social analytics company LunarCrush.
Additionally, according to statistics from Сантимент, the term “Merge” trended as the most cited term for several months prior to the Merge. The event, however, resulted in a slow drop in ETH’s social activity.
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Source: https://coinpedia.org/altcoin/will-q4-2022-be-the-season-of-altcoins-with-ethereum-hitting-this-level/