#ethsupplyshock
ethsupplyshock
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Cheap gas fee effect: ETH supply increases by +20k ETH in the last 7 days (ultrasound.money data).
What about the impact on price? In the short term, it may be a bit heavy for high pumps because the deflation narrative is paused again and there’s slight inflation from validator rewards. But in the long run, this is actually proof that the L2 ecosystem is growing rapidly. Once the market is lively again, the burn rate will surely jump drastically.
For those holding ETH, does this supply condition make you worried—or even more confident to DCA?
#ETH #Ethereum #CryptoNewss #ETHSupplyShock $ETH
Cheap gas fee effect: ETH supply increases by +20k ETH in the last 7 days (ultrasound.money data).
What about the impact on price? In the short term, it may be a bit heavy for high pumps because the deflation narrative is paused again and there’s slight inflation from validator rewards. But in the long run, this is actually proof that the L2 ecosystem is growing rapidly. Once the market is lively again, the burn rate will surely jump drastically.
For those holding ETH, does this supply condition make you worried—or even more confident to DCA?
#ETH #Ethereum #CryptoNewss #ETHSupplyShock $ETH
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