Ethereum

Rally

2024

Bitcoin

Coin

<ul class="news-points"> 
 <li>Ethereum supply on exchanges is at an 8-year low, setting the stage for a potential price surge. </li> 
 <li>The absence of miner sell pressure on Ethereum contrasts with Bitcoin, contributing to price stability.</li> 
 <li>Upcoming Ethereum ETFs are expected to attract significant institutional and retail investment interest. </li> 
</ul> 
Ethereum is on the brink of a significant supply shock that could drive its price to new highs. 
A recent analysis by crypto analyst Lark Davis reveals that the Ethereum supply on exchanges is at an eight-year low, with only 10% of the circulating supply currently held on centralized exchanges (CEXs). This development sets the stage for a substantial increase in Ethereum’s value. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A massive Ethereum supply shock is brewing. And it's going to make the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> skyrocket. Here's why:…— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1811021797422190697?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 10, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
One key factor behind this potential surge is the lack of constant sell pressure from miners, a notable difference between Ethereum and Bitcoin. Unlike Bitcoin, which faces ongoing selling from miners, Ethereum does not experience this same level of sell pressure. This dynamic contributes to a more stable and potentially appr…
The post <a href="https://coinedition.com/no-miner-sell-pressure-why-ethereum-could-outperform-bitcoin-in-upcoming-rally/">No Miner Sell Pressure: Why Ethereum Could Outperform Bitcoin in Upcoming Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

No Miner Sell Pressure: Why Ethereum Could Outperform Bitcoin in Upcoming Rally

Coin Edition

在 2024年7月10日發表的其他文章

Circle minted $250m USDC on Solana

BANKSY is Attracting Attention Worldwide with the Report of Joining Solana

P2E Game Cross The Ages Introduces Real Assets to Gaming

Celestia Token Sees Price Surge

BlackRock Tokenized Treasury Fund Smashes the $500 Million Mark

0% Arbitrum HODLers at a profit: But is ARB’s 6% rise a sign of hope?

訂閱免費電子報，每天收取加密貨幣最新動態！