Is $3K Ethereum possible before the end of March? A mix of short-term technical, fundamental, and on-chain catalysts could make it a reality.
That amounts to nearly $26 billion worth of Ether, more than 8% of its total circulating supply, now locked away. The prospects of
, coupled with hopes of higher demand, have pushed its price up by nearly 360% from its December 2020 low of around $525 to date.the Merge’s launch to have Ethereum’s daily emission rate slashed from 12,000 ETH per day to 1,280, noting that the network’s “yearly inflation will go down from 4.3% to 0.43%” — equivalent of three Bitcoin halvings.“And the 0.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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