Ethereum issuance decreased 94% since The Merge, what does this mean for its future?
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Ethereum’s ETH emission has decreased since the Merge update.
Notably, its issuance rate has fallen by 98% since the Merger, and the asset is not yet deflationary, as its issuance is still more than ETH burned.
Ethereum (ETH/USD) is the second largest cryptocurrency by market capitalization. After the merger, however, it has decreased in some respects.
The emission of Ethereum is decreasing
In the latest Ethereum news, we discussed how far Ethereum can go as the VIX returns.
However, according to data from Ultra Sound Money, the issuance rate of Ethereum (ETH) has decreased by 94% since the Merger.
Since the move, the supply has reached +8,200.67 ETH, while if it were still under the Proof-of-Work (PoW) consensus mechanism, it would be +139,680.20 ETH.
This token emission may also be due to the reduction in activity on the Ethereum network, which resulted in lower gas fees.
In any case, a smaller number of tokens may lead to an increase in the value of Ethereum in the future.
Should You Buy Ethereum (ETH)?
On September 26, 2022, Ethereum (ETH) was valued at $1,323.30.
ETH/USD Chart by TradingView.
Looking at the coin’s all-time high, Ethereum (ETH) reached $4,878.26 on November 10, 2021.
Ethereum had a 7-day low of $1,238.84 while its 7-day high was $1,388.23. Here we see a difference in value of 12% or $149.39.
Looking at its daily performance, its 24-hour low was $1,280.56 while its 24-hour high was $1,331.44; here we can see a 4% difference at $50.88.
When we look at the chart, its recent peak was in April at $3,513.19, after which it fell to $1,778.92 and has not recovered since then.
However, based on its current price movement, we can see the value of the ETH cryptocurrency rising to $1,500, which means that investors may want to buy ETH while the price is still relatively lower than average.
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