The long-awaited transition of the Ethereum network from proof-of-work to proof-of-stake Was scheduled to happen from September 15 to 16 and last year. Traders and analysts discussed the results for possible upgrades and trading strategies.
Hodl ETH to receive “hardfork” tokens
This first strategy is quite simple. By simply buying Ether ( ETH ) on the spot market and holding it in your wallet on the exchange. or any platform/personal wallet whereSupport for “hardfork” tokens
Back in 2017, when Bitcoin was forked for Bitcoin Cash, BTC holders received the same amount of BCH, which at one point was traded for $1,650 per token, at the peak of the 2021 bull market. BCH Rises to $800
If the “hardfork” PoW token has a supported exchange It could be a place to sell those tokens.
There is also the possibility that ETH PoW tokens will not be immediately pumped and dumped, which many analysts disagree with about the risks of centralizing the PoS Ethereum network. It’s a distant thing, but the PoW ETH fork is led by miners. may benefit Assuming there are projects and developers who are still willing to build DApps on the original blockchain.
Short futures
Let’s say you have doubts about whether Ethereum will be able to merge successfully. After a terrible year, Bitcoin (BTC) lost all its annual profits.
Hedging is also an option for investors who feel it is still 50/50 about merging. Basically, if we hold ETH to wait for the token to “hardfork”, we may hold a short position on the futures contract. Gers or options contracts To help prevent losses in the event of a sudden drop in ETH. The PoW tokens are hard forked and will help traders during the merge to sleep better at night and potentially make some profits.
in stablecoins
For some investors The risk of trying to trade during the Merge may not be worth the reward and PoW tokens.
These investors might just consider staying on a stablecoin and looking at the direction of the trade. or the strongest trend Many traders expect the merge to be a type of “buy the rumor, sell the news” and others expect the price to drop dramatically after the merge is complete and these traders will be able to buy ETH. after the fall
refer : LINK
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