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Ethereum just had it's first ever deflationary day.

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by COINS NEWS 216 Views

This is huge. Ethereum just closed the day burning more Ethereum than mined. Just so you know, Ethereum is now one of the few deflationary currencies on the planet.

If this keeps going on, Ethereum will be an even stronger asset than it is currently. It just shows the plans the team had for Ethereum is now paying off.

Once Ethereum 2.0 is complete god knows how far this can take us. Just the London Upgrade itself spurred a new bull run. Keep your Ethereum safe. Remember: we are still early!

People are already expecting 10k Ethereum this year alone. Ethereum turning deflationary is extremely bullish for the price. Especially in the long term.

submitted by /u/Many_Scratch2269
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