Analyst: ETH/BTC has closed lower on 78% of trading days, Ethereum is being re-priced as a "gas fee token"
Crypto analyst Checkmate posted on the X platform, stating that the ETH/BTC trading pair has been in a decline for 78% of trading days. Ethereum is being repriced and returning to its core demand attribute as a "gas fee token".
Checkmate said: "Think about the total amount of gas fees you've consumed throughout your entire crypto market career, then compare it with the historical high level of tokens you hold. Even for those who have barely dabbled in cryptocurrency, the tokens you may hold are likely 10 to 100 times the actual gas fee demand."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Is AI an engine or a killer? Morgan Stanley provides answers with data: productivity soars, but nearly 90% of the benefits are taken by 12 industries
Morgan Stanley stated that the productivity dividends from AI are concentrated in 12 highly exposed industries, with growth rates reaching twice the twenty-year average. For the first time, signs of job replacement have emerged.
Crypto prices
More
