Why does ETH sometimes dig less (why has ETH suddenly skyrocketed recently)
ethWhy sometimes I dig less Editor’s note: This article is from BlockBeats (ID: BlockBeats), reprinted by the Daily Planet with authorization
The transaction volume per second of the Ethereum network and the average time of outgoing blocks are both factors that affect the price of ETH. However, if the price of ETH has not risen significantly in the past year, this problem cannot be solved. It can even be said that many users do not know why they spend so much money on mining? Because when you concentrate all your funds in one place, your money will always be in a loss state Therefore, for ordinary investors, they need to pay attention to the following two aspects: 1. Why ETH often undermines; 2. Is the value of ETH consistent with its own liquidity We know that there are generally two types of assets that can be used for collateral and redemption when operating on Ethernet. The first type is ETH, which is not a smart contract platform for execution, so its value lies in its ability to provide sufficient guarantees to support transactions. The second one is ETH, which fluctuates greatly. For example, if you buy one ticket with 1BTC five times, then the currency will drop to its lowest point within one day. And now the increase in ETH is close to 80%. Is ETH very scarce? Actually, this is not surprising. After all, every trading pair on the ether has a certain quantity limit, but in reality, they can only be handled by some small pools or exchanges For example, the trading volume for market making on DEX such as UniSwap is around $20. However, ETH is still relatively expensive at present, and it is sold almost every day, and most of the coins are resold abroad to people in the Chinese market. And this situation also occurs too frequently In a sense, the current circulation of ETH is only 21 million, which means that if these people really want to participate, they must have a large amount of ETH to enter this ecosystem. Of course, if they want to become a true DeFi project and add value to it, they need to invest more funds to purchase various tokens I personally prefer to use a method called “pledge”. This method is a method of automatically depositing Ethereum, which sends any ETH held to an address where the ETH received will be locked for a period of time before being unfrozen In this way, as long as there is an active wallet or account that can withdraw this funds, you can start participating in ETH transactions. If you want ETH to continue growing, you can choose to send ETH directly to the appropriate address and wait for new deposits to appear at the appropriate time, which will attract more new users to join the ecosystem In short, DApp running on ETH is not very profitable, but rather like projects that only play games but cannot make money, or are just gambling and speculation
Why did ETH soar suddenly recently
According to Coindesk, the ERC-20 token ETH on Ethereum network has soared suddenly recently. Since March, it has risen by nearly 100%, soaring from $20 in June to a current historical high of over $200 According to ethscan. io data, 22000 addresses have pledged ETH worth $100000 in this block over the past 24 hours. These users convert their ETH into other Cryptocurrency (such as DAI and USDT) by sending transactions. Without new validators or liquidity providers, they cannot receive any rewards, making the network very unstable. This has led to an increase in demand for ETH and a sustained increase in demand Is ETH price the “natural return” of ETH? Why use ETH as a means of exchange? The price of ETH is still far from Bitcoin. However, after experiencing several weeks of high levels, ETH seems to have returned to levels below its peak at the end of 2017. Now, ETH prices are approaching a peak of $120000, about 50% lower than the record high in mid December 2017.
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