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[SCAMEXPOSER]

Did you know that More than 500,000 ETH worth around $1.7 billion at current prices has been destroyed since the Aug 5 London upgrade deployed EIP-1559?

There's also a report of a daily burn rate of 5.2 ETH per minute, which is approximately $18,356 per minute. The Ethereum monetary system has an inflation rate of 2.2% per year checking from current rates under proof of work mining.

Personally, I feel with this rate of burn the price of ethereum should have appreciated more than it is now.

 

[LutherKing]

Well It Will Continue To Rise But It Can't Beat Bitcoin At Any Point There Is A Solid Price Difference And Investors Are Always Going To Put Money In Bitcoin As Their First Option ..

 

[Brain]

Yeah the price of eth will have gone higher than this and the limitations might have just be from the burn and other factors but all the same it is still the second best coin that people are willing to invest in. Apart from Bitcoin that people just love to invest in, I think the next loved coin is Ethereum and it will still grow despute it's limitations.

 

[Wisdom01]

exactly with the rate of burn I want ethereum to increase ,the burning of the token should reflect on the price , to show that there is some kind of development in that aspect ,I think one thing I would love to see fixed in ethereum is the transaction fee which is very high ,hoped it get adjusted