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⟠ The Flippening is Back on the Menu ⟠
7-day moving average of USD fees paid to Ethereum (green) vs USD fees paid to Bitcoin (red)
7-day moving average of USD fees paid to Ethereum (green) vs USD fees paid to Bitcoin (red)
Ethereum market cap (green) vs Bitcoin market cap (red)
After a brutal 2+ year bear market, ETH has quickly made a large step towards closing the gap between the ETH/BTC market cap
After a brutal 2+ year bear market, ETH has quickly made a large step towards closing the gap between the ETH/BTC market cap
A few more things:
- Phase 0 on target for Nov 2020. This means STAKING; ETH dividends paid to ETH stakers, which is a massive ETH supply Sink as ETH bulls remove ETH from secondary markets in order to receive ETH-denominated returns from Ethereum 2.0
- Phase 0 on target for Nov 2020. This means STAKING; ETH dividends paid to ETH stakers, which is a massive ETH supply Sink as ETH bulls remove ETH from secondary markets in order to receive ETH-denominated returns from Ethereum 2.0
- EIP1559 estimated Q1/Q2 of 2021
All these massive fees that Ethereum has been generating?
Those get BURNT
They don't get recirculated back into the ecosystem. Instead, EIP1559 issues a universal dividend by burning ETH, which adds to ETH scarcity and Ethereum security
All these massive fees that Ethereum has been generating?
Those get BURNT
They don't get recirculated back into the ecosystem. Instead, EIP1559 issues a universal dividend by burning ETH, which adds to ETH scarcity and Ethereum security
Right now, ETH really has just one pillar for value-accrual:
ETH Locked in DeFi (4.5M ETH)
The 2 remaining pillars are <1 year away:
Staked ETH (Nov 2020
)
Burnt ETH (Q1/Q2 2021)
Meanwhile, ETH has already begun to reclaim lost ground in the ETH/BTC fight
ETH Locked in DeFi (4.5M ETH)The 2 remaining pillars are <1 year away:
Staked ETH (Nov 2020) Burnt ETH (Q1/Q2 2021)Meanwhile, ETH has already begun to reclaim lost ground in the ETH/BTC fight
I expect 'Flippening' memes to have a strong renaissance over the next few months...
because...
The Flippening is back on the menu! https://www.flippening.watch/
because...
The Flippening is back on the menu! https://www.flippening.watch/
