During the bull run in 2021, the peak market capitalization of BTC was nearly 1.3 trillion, while Ether was around 520 billion at the same time, about 40% of BTC. Now, the market capitalization of BTC has reached 2.5 trillion, doubling from the last round; Ether's total market capitalization has just surpassed its previous high, reaching 570 billion. If we still calculate based on the 40% ratio, the reasonable price of Ether, based on the current price of BTC, is approximately 10,000 dollars.
The deflationary logic of Ether remains solid: the fee burn brought by EIP-1559 + low issuance from Po
View OriginalThe deflationary logic of Ether remains solid: the fee burn brought by EIP-1559 + low issuance from Po