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by sendbitcoins
1878 days ago
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There's a gold rush to accumulate ETH for staking reward payouts, and there is a new fee burn mechanism that will make ETH more scarce than BTC on a production basis. Demand for ETH seems to also be driven by DeFi products, NFTs and huge enthusiasm for the upgrade to PoS (July/Aug). I don't have an ETH position, but this is my understanding of price action. https://twitter.com/DocumentEther is a pretty interesting read |
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