Etherum has recently hosted healthier chain-themed activities, and enthusiasm for not changing dynamic passwords (NFT) has increased with the launch of a mini Mini Game by Yua Labs, Bernstein said in a scientific report on Monday.
The daily cost of blockchain has more than doubled from about $2 million to $4 million to $6 million since the start of the year, the report said. The value of ether (ETH) has increased by about 35%.
Bernstein stressed that the etheric inflation rate has remained negative for more than two weeks, and deflation is expected to intensify with chain activity and an increase in demand.
Investment analysts Gautam Chhugani and Manas Agrawal wrote: "We really think BTC [BTC] and ETH maintain relative cleanliness here and see spot trading positions that are gradually convicted."
The last important metal catalyst for the ether is still Shanghai, which is scheduled to be promoted in mid-late March, when the ether is allowed to be withdrawn, the report said.
The report said the event was likely to be cautious because of concerns about unpiled ether supply, as 70 per cent of ETH stakes were led by liquid chips such as LIDO or by trading centres.
The remaining ether has been bet on the Beacon chain immediately and is unlikely to be the holder in the short term. As a result, people may take the incident seriously, "but as concerns dissipate, people are more confident of having a spot market," the report added.
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Tue, 18 Apr 2023