Valuing Ethereum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The good news for ETH hodlers about insane gas fees Galloping gas fees are hurting the average user but Grayscale, and Ethereum advocates, can see the bright side. 48118 Total views News Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign.  Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually getting cheaper” from a price to sale ratio aspect. Here's what's crazy... From a P/S perspective ETH is actua...

News Institutional crypto fund manager Grayscale Investments believes the introduction of the proposed EIP-1559 fee and burn mechanism could create “a positive feedback loop for Ether’s price” should network activity continue to increase on Ethereum. That’s because the proposal could result in Ether being burned at a rate exceeding the creation of new supply, significantly shifting the supply-demand dynamic underpinning the ETH markets. In Grayscale’s Feb. 4 report, Valuing Ethereum, the firm discussed the role Ether plays as a “consumable commodity” with...