Cryptocurrency Q&A
Why is ETH weak?
Why is ETH weak?
Margherita
Wed Dec 25 2024
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5 answers
1168
ETH seems to be performing poorly recently. I'm wondering why its value has been dropping and what factors might be contributing to its weakness in the market.
5 answers
Emanuele
Fri Dec 27 2024
The value proposition of "sound money," which refers to the deflationary supply due to transaction fee burn, has undergone a significant change.
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CloudlitWonder
Fri Dec 27 2024
This change has led to a shift from deflationary supply to inflationary supply for ETH.
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EthereumEmpireGuard
Fri Dec 27 2024
The reason behind this shift is that nearly all DeFi transactions are now being executed on Layer 2 (L2) networks, rather than on the Ethereum Layer 1 (L1) itself.
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Raffaele
Fri Dec 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options for its users.
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GliderPulse
Fri Dec 27 2024
Amberdata has attributed the pessimistic outlook for ETH to its weak fundamentals.
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