Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation
Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from....
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Ethereum’s rise means it has an intrinsic value. This article explores the cryptocurrency’s main features that add value to its offering. Can Ethereum be a store of value?The competition with BTC as a store of value is open. Due to its real-world usage, ETH has the potential to become the dominant digital currency, according to financial analysts.Both BTC and ETH have long been regarded as hedges against inflation due to their decentralization and programmable supply. While Bitcoin’s limited supply of 21 million coins is a clear feature, Ether’s supply is not limited but considered....
It is time to reveal the top five reasons why bitcoins are superior to dollars, both now, and in the future. I’ve limited this list to the top five, but there are certainly many other reasons. The dollar has its own advantages, but they will prove fleeting in the coming years. The dollar’s reign as the world’s global reserve currency is running out, and bitcoin’s time as the world’s first and only global digital currency is just beginning. Here are five reasons why. Inflation occurs partly due to the number of currency units in circulation. U.S. dollar circulation continues to increase at....
Here I will reveal the top 5 reasons why bitcoins beat dollars, both now, and in the future. For the sake of brevity, I limited this list to the top 5, but may not be limited to these five alone. The dollar certainly has it's own inherent advantages, but it will prove fleeting in nature in the coming years, whereas bitcoin's advantages are built in to the technology, to stand the test of time. Number 1 - Appreciation Beats Inflation. Inflation, here, means that the amount of U. S. dollars, the "Global Reserve Currency," in circulation continues to increase. And it has, consistently, since....
The Ethereum supply has experienced an uncharacteristic uptick in the space of a month, raising concerns about the cryptocurrency’s inflation risk among ETH investors and community members. Ethereum Inflation Crisis Since the beginning of 2023, Ethereum, the world’s second-largest cryptocurrency has experienced fluctuating inflation rates in ETH’s money supply. According to the Ultrasound Money website, […]
At its core, inflation is caused by too much money in circulation compared to aggregate demand in any given economy. A rise in the amount of money in circulation is only necessary when there is an increase in productivity gains at par with the new amount injected into the economy. Similarly, the value of the […]