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Cryptocurrency News Articles
How Will Ethereum Adoption Affect ETH's Long-Term Value?
Sep 29, 2024 at 06:01 am
Ethereum ’s ability to host a wide-range of applications and assets has been evident for years, but the investment case for its native token, ETH, has become increasingly complex.
Ethereum’s native token, ETH, has become increasingly valuable as the network has grown and changed over the years. But recent protocol updates, including EIP-1559 and EIP-4844, have made the investment case for ETH more complicated.
In 2023, CoinShares showed that under the right conditions, where Ethereum generates $10 billion annually in L1 transaction fees, something it achieved at its 2021 heights, ETH could reach a value near $8,000 by 2028.
But with the introduction of “blob space” in 2024, L2s will be able to settle transactions on L1 at much lower costs, reducing their requirement to pay expensive L1 fees. As more activity migrates to L2s, the supply burn that EIP-1559 was designed to instill will begin to drop, weakening the downward pressure on ETH’s supply.
One option is to develop high-value use cases that rely on L1’s security and reliability, yet, given current trends, this appears unlikely in the near future. Another possibility is that L2 adoption grows so rapidly that the sheer volume of transactions compensates for the discounted fees — but this would require extraordinary L2 growth, beyond near-term expectations.
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- What's Wrong With the Hamster Kombat Airdrop
- Sep 29, 2024 at 04:25 pm
- On September 26, 2024, Hamster Kombat, a popular tap-to-earn Telegram game, launched the trading of its HMSTR token on several major exchanges.
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- MOODENG: The Latest Memecoin Sensation Taking the Crypto Industry by Storm
- Sep 29, 2024 at 04:20 pm
- Inspired by Moo Deng, a charismatic pygmy hippopotamus resident at Khao Kheow Open Zoo in Thailand, the coin showcases the continued appreciation for novelty that captivates crypto investors.
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- Trump's Sketchy New Crypto Project Is a Campaign Low, Even for Him
- Sep 29, 2024 at 04:20 pm
- It's one thing for Trump, who once said that cryptocurrencies were “based on thin air,” to make an about-face on policy. Politicians do that all the time, especially when a fount of campaign donations is at stake.
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- STON.fi SDK
- Sep 29, 2024 at 04:20 pm
- A Software Development Kit (SDK) is a collection of tools, libraries, documentation, and sample code that enables developers to build, test, and integrate applications with a specific platform, system, or service.
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- Wi-Fi HaLow Extends Its Range to 10 Miles, Setting a New Record for Long-Range Connectivity
- Sep 29, 2024 at 04:20 pm
- Wi-Fi HaLow is a low-power, long-range variant of Wi-Fi, based on the IEEE 802.11ah standard. It operates in the sub-GHz range (850-950 MHz), enabling it to penetrate obstacles such as walls and buildings and connect a larger number of IoT devices over much greater distances.
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- 1983 2p coin error sells for £700 - 35,000 times its original market value
- Sep 29, 2024 at 04:20 pm
- At first glance, it can be hard to spot what is wrong with the 1983 2p coin which went under the hammer at RWB Auctions just outside of Swindon.
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- The Royal Mint reveals its top ten rarest 50 pence coins currently in circulation
- Sep 29, 2024 at 04:20 pm
- The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas.
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- The Exclusivity of the Top XRP Holders
- Sep 29, 2024 at 04:20 pm
- A recent post by Echo X (@echodatruth) on X has drawn attention to the exclusivity and early adoption benefits of holding XRP. The digital token stands
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- Green Candles Are Back: Cardano ($ADA), Chainlink ($LINK) Regain Market Share As Rollblock ($RBLK) Presale Enters Stage 7
- Sep 29, 2024 at 04:20 pm
- Green candles are back with a bang in the crypto markets as legacy coins such as Cardano and Chainlink have recovered huge gains in recent weeks.