Roman Nekrasov, co-founder of the ENCRY Foundation, has said that after The Merge update is activated on the Ethereum mainnet, the price of the second largest crypto by capitalization could reach $5,000 in the long term.
According to him, in the next month, the price of ETH could experience serious fluctuations. Nekrasov has recommended that holders hold cryptocurrencies in the next three months.
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He has added:
"In the future three to six months, I expect the growth of Ethereum. With a favorable set of circumstances, the price of ETH could reach up to $5,000."
The ENCRY Foundation co-founder has questioned the real value of the upcoming PoW fork of Ethereum (ETHW). He has advised to pay attention to the Ethereum Classic coin, behind which "there is a serious development team."