Bittime - The increase in the value of Ethereum has become a major topic of conversation in the crypto world recently. Investors and crypto market players are happy to see the rapid increase in the price of Ether (ETH) in recent times. This surge was triggered by an increase in Ethereum's dencun that supports its ecosystem.
Increase in Ether Supply After Merger
According to a CryptoQuant report released Wednesday, the amount of Ether burned has fallen to its lowest point since the merger as the proof-of-work (PoW) consensus mechanism and Ethereum switch to proof-of-stake (PoS).
Additionally, Dencun's upgrade caused Ethereum transaction fees on the network to drop -0.92%. Reports show that the supply of ether has been increasing at the highest rate every day since the merger of the Ethereum network.
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The End of Ethereum As Very Sound Money
The report states that Ethereum's history as "very healthy" money may be over or require much higher network activity to revive. This is due to the fact Ethereum will not experience deflation at the current level of network activity.
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What is Dencun Upgrade?
Ethereum's Dencun update was implemented on March 13, 2024. It improves network efficiency and reduces Layer 2 transaction fees, allowing for additional data storage in Ethereum network "blobs."
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The Block reports that Ether has dropped about 1% in the last 24 hours, down to around $3,018 currently.At the same time, the GM 30 index, which includes thirty of the most popular cryptocurrencies, fell 0.71% to 129.87.
How To Buy Ethereum (ETH) With Bittime
You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH) is available on Bittime with ETH IDR pairing.
To be able to buy ETH tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Ethereum (ETH) on Bittime.
Monitor price chart movements of Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read More:
Ethereum Volatility Informs About Ethereum's Wild Fluctuations
Ethereum Price Problem: Is Ethereum Price Recovery in Danger?
Understanding Ethereum Transaction
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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