53 min listen
802. Ethereum Massive Burn Begins | Gas Fee Surge Causes Deflationary ETH
802. Ethereum Massive Burn Begins | Gas Fee Surge Causes Deflationary ETH
ratings:
Length:
41 minutes
Released:
Oct 11, 2022
Format:
Podcast episode
Description
The mint of a project called XEN Crypto and its token (XEN) attracted the participation of more than 364,114 wallet addresses and triggered a surge in Ethereum network gas fees for 2 consecutive days, reaching 200wei at one point on October 9. According to Ultrasound data, the ETH burned during the minting process reached 2,271 on October 10, accounting for 19.46% of the total burning of the Ethereum network on October 7. The Ethereum network has entered its most extended period of token deflation since “the Merge.” However, even with this the price of Ethereum continues to remain unmoved... why?~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
Released:
Oct 11, 2022
Format:
Podcast episode
Titles in the series (100)
643. Fed Meeting Update | Crypto Sentiment Analysis LIVE!: The U.S. Federal Reserve is meeting this week to discuss a fresh inflation report that shocked the markets last week. A a 75 basis point (0.75 percentage point) hike is suddenly seen as all but certain after the Wall Street Journal reported that... by Tech Path Crypto Investing