Ethereum: The Merge arrives soon, and the price of the ETH in sharp increas

 

Why would these three cryptos get to $1 by the end of the year?

The crypto-currency industry has been going through hectic months since the beginning of this year. The current trend still shows a worried market dominated by bears, despite a slight improvement in recent weeks.

Even though not all factors are optimal, this does not prevent some cryptos from shining to the point that they could reach $1 by the end of the year. simply because these projects have notable success in their development and have a community that pushes them to the top.

Lucky Block Draws

The first cryptocurrency likely to exceed $1 by the end of the year is none other than Lucky Block. This asset allows its investors to participate in raffles every Friday since the end of May to have a chance to win more tokens or NFT. Similarly, each BLOCK owner receives rewards in addition to the staking that is possible. It is a crypto that initially operated on the BSC (Binance Smart Chain) blockchain with its BLOCK token V1, but a new version of BLOCK V2 is now on the Ethereum blockchain.

This change is notable because, in the past, it prevented day-to-day traders from taking advantage of the trading potential of this crypto primarily due to a 12% transaction fee, just as Lucky Block was primarily on the challenge platforms. Now, with BLOCK V2, traders no longer have this problem and can fully trade the asset as they wish.

In addition, the ability to trade this token makes it available now on centralized exchange platforms, which helps to increase exchange volumes and potentially increase its price.

Lucky Block is now available on LBank and will also be available on MEXC as of August 1. The cryptocurrency does not stop there to develop. Not only will a platform featuring random draws with NFT to win numerous rewards soon see the light of day, but Lucky Block is also working to make itself available on many more centralized exchange platforms.

Current price

As a result of these recent developments, the cryptocurrency’s trading volume has increased by about 50% in 24 hours and assets have climbed by 10%. Its current price is $0.00103. There is a strong likelihood that the price will continue to rise in the days and weeks ahead.
On the one hand with the opening of their new platform, but also if Lucky Block manages to be accessible on other major centralized exchange platforms, it will generate more exchange volumes and thus affect the price of this crypto positively.

As a first step, Lucky Block must reach its resistance of $0.0023 and remain at this level, or better exceed it. Once this resistance is reached and following how Lucky Block behaves on trading platforms, it could explode in the coming weeks and months until reaching at least $1 by the end of the year.

Polygon, the Ethereum killer

It is difficult to miss Polygon (MATIC) because the popularity of this one is so great and in recent months, it has made the headlines many times following novelties or its partnership with Disney for example.

As a reminder, MATIC is a second layer of Ethereum that aims to compete with the ETH blockchain by offering better scalability, much faster transactions, and all at a lower cost.

The recent development of its zkEVM algorithm which should allow better scalability of Ethereum while offering to the projects and users of the Ethereum blockchain to migrate to Polygon without the slightest modification since zkEVM offers the possibility to do exactly what is being done on the ETH blockchain, but better.

As a bonus, in recent months Polygon has experienced a resurgence of popularity, notably by integrating the Disney accelerator program, which aims to help innovative startups in the world of new technologies. It is a great ally to continue to grow, but also free visibility that allows the project to be better known.

In addition, The Merge update expected soon for the Ethereum blockchain could impact even more the price of Polygon depending on the consequences and the result once it is implemented.

A price close to $1

It is not difficult to say that MATIC will reach $1 by the end of the year, simply because it is already close to that value. The current price is $0.9545 and Polygon nearly doubled its price in one month.

At the beginning of July, it hovered around $0.5, and following these various announcements, investors saw the project grow positively and considerably, reflecting the current price. Of course, MATIC could explode far beyond that, because its potential on paper seems interesting.

Just look at how popular Ethereum is and its current course to imagine a future similar to MATIC. After all, if the project is an improved and more efficient version of Ethereum while keeping all the promises it implies, then why couldn’t the price go up any higher? One thing is for sure, the $1 mark will be crossed well before the end of the year, even in the coming weeks or even days.