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❕NEWS Ethereum supply on exchanges gets lower in past month

Josemendez

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According to report gathered from beincrypto , the supply of ethereum in exchanges probably for withdrawal to other crypto or to Fiat currency has reduced drastically in the past months.

Analyst are suggesting that it is an indication that people are holdl their ethereum because of the faith they have in the price of ethereum. However , some investors say that people are only afraid to deal with ethereum gas fee transaction ,thus are holdl their ethereum while waiting for reduction in has fee . What do you think can be the reason behind this low supply ?
 
Both can be valid reasons. I think it was mostly drawn to cold wallets because of the expectation of rise or the belief that it will rise further.
 
Both can be valid reasons. I think it was mostly drawn to cold wallets because of the expectation of rise or the belief that it will rise further.
Yeah , especially now that about 1.15$ million ethereum will be expirying by end of March and this will help make supply reduce and thus increase price
 
All of the top notch crypto coins with etheruem inclusive have ridiculous gas fees which should be looked into soonest otherwise the crytpo world should be quickly be scrutinized and avoided. Imagine if the whole world adopted it and this was the case where one with with $20 dollars has to loose $5 or more in gas fees as they claim just for withdrawing crytpo.Its so ridiculous and insane and we should not be played for a fool. Then only few countries have access to trustworthy wallets like luno wallets or other trusted wallets others have to pay exchangers to withdraw to local bank.

The earlier we work up the better. If the new intervention is meant to last then its good but if its with an agenda i suggest we quickly wake up.
 
In my opinion, perhaps he is approaching the second of the two hypotheses.. In fact, you made me understand in your most recent thread, that the commission fees on Ethereum gas are definitely too expensive! And these risk making some investors, go towards a loss!
 
The points you have raise in your Post are valid. People with the coin will want to hold until they feel it is time to sell maybe they are holding up still when the price is high enough
 
I think the golden time for Ethereum is about to happen. Just look at the people giving their attention to ETH now. And even elon has added it to the coins he is promoting. Twitter and Reddit also is vocal about their support in it
 
Am not sure if it's because of gas fee reduction , because the glass fee have dropped for some time now since the market is still taking a bearish turn
 
Am not sure if it's because of gas fee reduction , because the glass fee have dropped for some time now since the market is still taking a bearish turn
It is obvious that people were reluctant to engage in trading which thus makes the blockchain to be free and thus a reduction in fees
 
It is obvious that people were reluctant to engage in trading which thus makes the blockchain to be free and thus a reduction in fees
But ethereum were actually having that plans of creating a second network , but don't know if they have launched it yet , I think that was what made the fees reduced
 
But ethereum were actually having that plans of creating a second network , but don't know if they have launched it yet , I think that was what made the fees reduced
It is not creating a second network but upgrading the features and environment of the ethereum network to ethereum 2.0 . Yeah , it contributed
 
It is not creating a second network but upgrading the features and environment of the ethereum network to ethereum 2.0 . Yeah , it contributed
I thought they were creating another network , because bnb created another network ,when they find out that the smartchain fees are becoming too much
 
I thought they were creating another network , because bnb created another network ,when they find out that the smartchain fees are becoming too much
BNB created another network ? Seeing this for the first time . What is the name of the network that they created ? When was it done ?
 
BNB created another network ? Seeing this for the first time . What is the name of the network that they created ? When was it done ?
When you want to deposit to the bnb wallet , there is bep only and the bep20 you can choose anyone you want and deposit the amount you want to , that's the one I Know about
 

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