Is Ethereum (ETH) a deflationary cryptocurrency?

Ethereum (ETH) will be a deflationary cryptocurrency after the Merge, what it means for the price as Vitalik Buterin explains the roadmap. IntoTheBlock research head Lucas Outumuro in a tweet on Friday said Ethereum (ETH) will become a deflationary cryptocurrency after the Merge of Ethereum Mainnet with the Beacon Chain.

Why will Ethereum (ETH) price fall before the merger?

During the high network activity, the burn rates have increased massively which creates pressure in the market. Thus, causing an increase in price. The Ethereum (ETH) price should fall before the Merge as it prepares for changes in the circulation supply. Also, more traders are looking to sell their Ethereum in early September.

Why is Ethereum the perfect foundation for Defi?

Ethereum is the perfect foundation for DeFi for a number of reasons: No one owns Ethereum or the smart contracts that live on it – this gives everyone an opportunity to use DeFi. This also means no one can change the rules on you. DeFi products all speak the same language behind the scenes: Ethereum.