Ethereum is going to be more scarce in the coming months as the Ethereum blocked in ETH 2.0 will probably be withdrawable in no less than two years. This factor is already impacting the price of Ethereum and was probably a major factor in achieving the historic All Time High.
The Ethereum staking contract now holds 2,794,690 ETH, which corresponds to approximately 2.5% of the Ethereum circulating supply (114,360,604 ETH is the total circulating supply).
This means that more and more Ethereum have been removed from circulation, do you think this factor will play a key role in the price of Ethereum in the near future?
Crypto-earning opportunity: earn crypto for engaging in a crypto-centric social network!
- Join Torum, the first one-stop social media platform specially built for cryptocurrency communities around the world, and earn XTM rewards for your daily and weekly engagement. Read Torum Whitepaper to figure out XTM token utilities and the potential of the platform: https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V2.0-EN.pdf. Sign up using my referral link and earn 75 XTM airdrop after email and phone verification: https://www.torum.com/signup?referral_code=makeitreal