Top Cryptocurrencies to Watch After the Ethereum Merge

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After months of waiting, the Ethereum merger is finally here, and investors are looking forward to a pump in the coming days and weeks. It is expected that Ethereum could spark another market rally and help the broader cryptocurrency market get out of the current bear run.

Such prospects are not far-fetched. In August 2021, after the hard fork that made Ethereum deflationary, ETH gained momentum and by September the rest of the market had caught up. What followed was a rally with most cryptocurrencies reaching new highs by November 2021.

That said, if Ethereum is pumping, a number of cryptocurrencies have the potential to surpass it. That’s because they are cheaper – accessible to retail investors – and have many other factors supporting their potential rally.

If you are an investor looking to get the most out of the market in the short term, below are three cryptocurrencies to keep an eye on right after the Ethereum merger.

Ethereum Classic (ETC)

Ethereum Classic (ETC) was pumped a few weeks ago and while it has declined, it still has a lot of short-term potential. That’s because once the Ethereum merger is complete, miners are left with equipment that still needs to remain profitable in order not to become obsolete. This was the reason behind the Ethereum Classic pump after Ethereum founder Vitalik Buterin urged miners to look into ETC.

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As the shift to ETC by miners begins to happen on a large scale, investors can expect a price increase and possibly the resurgence of ETC as a top cryptocurrency to invest in for the long term.

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, with over 600. Binance is also known for its low trading fees and a multitude of trading options that its users can take advantage of such as; peer-to-peer trading, margin trading and spot trading.

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The graph (GRT)

Ethereum is the most widely used blockchain for smart contracts. This is despite the many weaknesses, especially in the area of ​​cost and scalability. It means developers appreciate the Ethereum network regardless of the cost. Essentially, once the merger is complete, there could be an increase in the use of the Ethereum network. This places networks that make using the Ethereum blockchain more user-friendly and valuable.

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The Graph (GRT) is one of the cryptocurrencies that make using Ethereum easier. It is used for querying data on the Ethereum blockchain. As Ethereum adoption grows, investors will find this network much more valuable.

Its adoption and the fact that it is a cheap cryptocurrency puts it at the forefront of cryptocurrencies that could become parabolic after the merger.

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Polygon (MATIC)

With The Merge, Ethereum transactions will mainly be handled by layer 2 solutions. The goal is to offload the main grid, reducing gas costs and increasing transaction speeds. One of the layer 2 solutions that offers the most benefit is Polygon (MATIC).

Polygon already has quite a few projects running on top of it. This gives it an edge over other Ethereum L2s. Most importantly, Polygon recently introduced ZkRollups for maximum security and also implemented deflationary tokenomics. These two factors make Polygon more attractive to investors and could see it as one of the best performing cryptocurrencies after the merger.

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Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that provides users with an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

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