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These 2 Cryptos Are Hidden Beneficiaries of Ethereum's Merge

TheMotleyFool

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These 2 Cryptos Are Hidden Beneficiaries of Ethereum's Merge: https://g.foolcdn.com/editorial/images/700788/crypto-mining.jpg

By now, it's clear that Ethereum's (CRYPTO: ETH) upcoming Merge inspires a lot of investor enthusiasm. Since hitting a cycle low of $897 on June 18, Ethereum has rallied by 38%, outgaining Bitcoin in the process, as investors look forward to the upgrade which will see Ethereum transition from a proof-of-work mechanism to a proof-of-stake mechanism.

The benefits of The Merge for the Ethereum network and its participants are well documented, but several other cryptocurrencies are already enjoying significant gains as a result of it. Here are two hidden beneficiaries of The Merge.

Image source: Getty Images

Source Fool.com

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