$5.1 billion in ETH was burned

[Lens]

The ethereum network was recently burned, resulting in the loss of $5.1 billion in ETH. 1.9 million ETH were burned in total over the course of six months. All of the main cryptocurrency exchanges took part in this activity. We anticipate a huge increase in the price of ETH as a result of the fire.

 

[Monster Masterpiece]

I recommend you to use binance pay to avoid high ETH network fees or any expected loss in ETH that could be prevented before being happened as it is a secure platform.

 

[Lens]

I recommend you to use binance pay to avoid high ETH network fees or any expected loss in ETH that could be prevented before being happened as it is a secure platform.

I do not seem to understand your point, but I believe that the market fluctuations is part of the beauty in the cryptocurrency market.

 

[GoldenLady]

One thing that attracts investors to cryptocurrency is burning to reduce the supply. This explains why whales are gradually accumulating Ethereum. In a few years, we could see double figures for each one.

 

[Yugocean]

This burning is helping 2 things -
1 Less pressure on ETH network, which will reduce some fees before Shanghai upgrade.
2 Avoiding high circulation, which might effect ETH price increase, less tokens mean more value.

 

[GoldenLady]

This burning is helping 2 things -
1 Less pressure on ETH network, which will reduce some fees before Shanghai upgrade.
2 Avoiding high circulation, which might effect ETH price increase, less tokens mean more value.

One of the major problems of Ethereum is gas fees. Infact, it is it's greatest problem. People would probably leave all the so called "Ethereum killers" once the gas fees is acceptable.

 

[Yugocean]

One of the major problems of Ethereum is gas fees. Infact, it is it's greatest problem. People would probably leave all the so called "Ethereum killers" once the gas fees is acceptable.

There are many Ethereum killers, but none was able to give it tough challenge, now as PoS, Ethereum killling all. It's gas fees will be solved in upcoming Shanghai upgrade. But date of upgrade is not fixed.

 

[Nova_]

I think with new infrastructure we are going to be seeing some good result with the ETH. And that would be meaning it would continue to have some good prices there.

 

[Yugocean]

This burning will only result in losing ETH, yet to maintain value, it is always essential to burn Extra crypto.

 

[Lens]

This burning will only result in losing ETH, yet to maintain value, it is always essential to burn Extra crypto.

Burning has become a common practices that has been a part most of the cryptocurrency projects in order to maintain the crypto network and ensure the prices are reasonable.

 

[Nomad]

It seems like crypto companies are burning cryptos as the only solution to increase the crypto price

 

[Flower]

Cryptocurrency are burnt more often when the founder noticed that it is becoming excessive in circulation which will cause a reduction in market price.

 

[Lens]

Cryptocurrency are burnt more often when the founder noticed that it is becoming excessive in circulation which will cause a reduction in market price.

The burning of cryptocurrency followed the primitive law of demand and supply dynamics which was geared to reducing the excessive supply of the coin in circulation.

 

[Bisolami]

I recommend you to use binance pay to avoid high ETH network fees or any expected loss in ETH that could be prevented before being happened as it is a secure platform.

This is what I have been using for a while now
I mostly make use of Binance pay now