An upcoming Ethereum merge might send the second-largest cryptocurrency in the world to new all-time highs according to Vance Spencer, a self-proclaimed “Gigantic ETH bull”.
Spencer, a co-founder of Framework Ventures and a member of the Ethereum community since 2015 has been keeping a close eye on updates related to the Ethereum network upgrade. Search volumes for “ethereum merge” blasted above an all-time high record last week, according to Google Trends data.
The second-largest cryptocurrency has surged 22.6% in the past two weeks to trade at $3,456, compared to bitcoin (BTC)’s 12.8% ascent during the same period, according to CoinGecko data.
“The merge was originally supposed to happen in 2016 and 2017, but there were just so many issues that ethereum had to work towards and build around to get to this point,” Spencer told Insider in an interview. “It’s more of a redemption or resurrection moment for ethereum in that it’s really executing on the long-term roadmap that it’s set out once upon a time.”