Ethereum Turns into First Profitable Blockchain from Top 10 of Crypto Market

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Despite becoming profitable, $ETH will not really give you any direct profits

To be precise, Ethereum also remains the only deflationary asset from the top 10 of the cryptocurrency market. The profitability of the blockchain does not benefit its holders or new investors. Deflation, on the other hand, can be considered as a strong speculative growth factor for the cryptocurrency in the future.

By forcibly decreasing the supply of the asset, third parties or decentralized machines might create a supply shock in which the lack of supply and elevated demand causes the price of an asset to reach extreme values.While the rallying Ethereum will bring prosperity to investors and traders, dApps users and developers will have no other choice but to make transactions with elevated fees and possible network congestion.

At press time, Ethereum remains deflationary, but due to the decreasing burning rate, the network's profit is going back to $0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Uniswap neeeed to fix this now

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Rebounds Following Bullish Comments From Elon Musk – Market Updates Bitcoin NewsBTC started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. OK 👌 Ok, I only listen to ChiefraFba for signals! Ok cool, I have recently started using ChiefraFba for signals, his accuracy is INSANE!
Source: BTCTN - 🏆 531. / 51 Read more »