ETH price is not the only thing that will benefit from Ethereum moving to Proof of Stake in September.

After years of waiting, Ethereum is finally set to become a full proof-of-stake (PoS) blockchain. Along with Ether, the original Ethereum token
ETH

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$1,237

Not only has the valuation of many other tokens benefited greatly, but it may continue to outpace ETH after the merge.

Ethereum is approaching convergence
The leading smart contract platform completed the last of its three public test networks, called Goerli, on August 11. Therefore, there should be no delay in the integration of Ethereum, which is expected to go live on September 19th.

Ether price rose 5% to around $1,950 after Goerli’s update, hitting a two-month high. Meanwhile, some crypto assets that could benefit from a successful merger are seeing bullish moves and even outperformed ETH in the past month.

ETH/USD daily price chart. Source: TradingView
Will these tokens continue to outperform the ETH price through September? Let’s take a closer look.

Lido Dow (LDO)
The merger will replace the Ethereum army of miners with validators who must receive 32 ETH as an economic stake.

This massive demand has created opportunities for intermediaries, i.e. platforms that collect ether from underfunded transactors and pool the proceeds to become validators on the Ethereum blockchain. Lido Dao is one of them.

Related: Is It Ridiculous to Expect Ethereum to Exponential Price Rise Before and After the Merger?

Lido DAO is the leading value staking service on the official Merge smart contract. Specifically, he transferred 4.15 million ETH to an Eth2 contract, which nearly led to Coinbase being involved. 1.55 million ETH on behalf of their clients.

The total value of ETH 2.0 is capped by the provider. Source: Glassnode
A successful consolidation can drive demand for Lido DAO’s services.

In contrast, it could be bullish for LDO, the platform’s official governance token, whose value has already risen by more than 200% since July 14, when Ethereum first announced the possibility of a PoS chain in September.

LDO/USD daily price chart. Source: TradingView
As such, LDO is one of the primary crypto assets that can benefit the most from Ethereum’s successful transition to PoS.

Ethereum Classic (ETC)
Ethereum Classic
etc.

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$18.71

Another asset that has caught the attention of the bulls in recent weeks. This is primarily due to its ability to provide a haven for miners leaving the Ethereum network.

As a forked chain of a controversial hard fork in 2016, Ethereum Classic displays almost all of the technical qualities of Ethereum’s existing Proof-of-Work (PoW) network, making it a natural haven for ETH miners.

Like LDO, ETC is up over 200% since announcing the launch of Ethereum’s Merge on July 14. Therefore, the uptrend is likely to continue before and after the confluence.

ETC/USD daily price chart. Source: TradingView
Optimism
Optimism is an Ethereum aggregation service. In other words, it aggregates off-chain batch data in batches, and when a consensus is reached, sends the results back to the Ethereum mainnet.

The solution, called Layer-2, can leverage Ethereum’s centralized aggregation roadmap after standardization. Interestingly, OP, the governance token of optimism, is up almost 250% since Merge’s release date was announced.

Daily OP/USD price chart. Source: TradingView
The possibility that Ethereum will dissipate optimism in its network post-merger could act as a bullish catalyst for OP price.

The views and opinions expressed herein are those of the author alone and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risks, you should do your own research when making a decision.

Source: CoinTelegraph

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