Elnora Marx Posted February 11 Share Posted February 11 Ethereum burns a portion of transaction fees, reducing supply over time. Some believe Ethereum Burn boosts ETH’s value, while others see market demand as the key factor. Does this make ETH a better store of value? Share your thoughts! Link to comment Share on other sites More sharing options...
TGF Premium ⭐ Peter Posted February 12 TGF Premium Share Posted February 12 Interesting. I read the same argument for XRP. For XRP they said, the burning rate is so low that it won't have an effect of supply i.e. price. This is an advantage of gold backed digital assets. Gold doesn't get "burned" 😀 Link to comment Share on other sites More sharing options...
Elnora Marx Posted February 20 Author Share Posted February 20 Good point! XRP’s burn rate is so low it barely affects supply, but gold-backed assets don’t have that issue. Link to comment Share on other sites More sharing options...
Cryptoic Posted February 28 Share Posted February 28 I don’t think the burning mechanism affects it but rather the market demand. The higher the demand, the higher the price. Link to comment Share on other sites More sharing options...
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