of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!
Sounds a lot but when you put that into good perspective it does not look that lucrative any more. 370k per hour = $ 8.8 million per day = $ 3.2 Billion per year = 0.9% of supply. Thats not that much. Binance, for instance, burns 0.6-2% each quarter (~5% annually).
ETH inflation = 18M / 117M = 15.3%! So this burn lower ETH inflation from 15.3% to 14.4% its still super high. For comparition last BTC halving lowered BTC inflation from 3.8% to 1.9%
Thanks for the math. I was amazed to look at those numbers since this is the first time that Ethereum had done it. It's not that much compared to BNB but there's still a significant and positive impact that it brings to its economy and that is what makes it on-trend lately since it's Ethereum but if it's an update just from an unknown altcoin, it won't matter at all.
what kind of deja vu is this
There is not much truth to what you are saying. But right now, nft games continue to develop day by day. It appeals to more players and investors, so there may be rises.
NFT games are really making noise and if they survive a year or two although many of these NFTs have been existing since two years ago and this is just the year that they've been taken seriously, let's see how it will go after a year or two.
