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[AudraMiller]

When it comes to the development of any cryptocurrency coin it is important that the supply of the coin be managed very well in order to promote an increase in price over a period of time. For example if we look at dogecoin it has a lot of potential to increase its price in the crypto-currency market however it has not reached this potential because it has an infinite supply. Therefore on a decentralized system it is important that the supply and demand are very healthy in order to promote growth of the coin. In a recent news development it seems that the ethereum cryptocurrency has actually taken quite a substantial amount out of the amount that is in circulation at the moment in order to reduce the supply. News articles have reported that there was over 100 million dollars in this cryptocurrency that was taken out from the supply and burnt. This has allowed the price of Bitcoin to increase quite substantially over the last few days. What are your thoughts on this development and do you think that other cryptocurrency should also adopt a similar tactic moving forward?

 

[Josemendez]

By this , it means that these amount has been burnt and as such it will affect the price of ethereum positively. We just need to buy more ethereum

 

[LutherKing]

Yes Supply and transactions cost are the things that need yo be looked at too much supply will have a bad effect on the price growth tbh

 

[Brain]

Just read about Solana as having more value and increase in price because of massive investment by people, this should be the case here and investing in this is beneficial

 

[Wisdom01]

100 million worth was really worth more ,I think it's a good development if they are trying to reduce the huge amount of supply and increase the demand on a higher note

 

[Wisdom01]

Ethereum is actually a great coin , many that have invested in it have actually known or have benefited off it , it's a great coin that investors might actually look into investing to increase the probability of them earning more

 

[Wisdom01]

Agreed! Ethereum is indeed a fantastic coin with a lot of potential for growth. The fact that many investors have already seen success with their investments in Ethereum speaks to its stability and reliability as a cryptocurrency.

It's indeed a fantastic coins , because people that are investing in it , knows that by holding the coin they would be able to benefit from it like it's actually very profitable no doubt with the look of things

 

[gammarays]

I think Ethereum needs to be burnt as well to reduce the circulating supply as time goes. The latest update allows for more burns but I don't think its done as expected. Ethereum has a lot of use cases so will always remain relevant.