MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

December 3, 2021
in Blockchain
Reading Time: 3 mins read
A A
Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain
ShareShareShareShareShare

These are some of the factors that have made Ethereum record an annual return of 663.7% compared to Bitcoin’s 195.5% so far, according to CoinGecko. 

Various use cases in the Ethereum (ETH) ecosystem have made it one of the sought after networks in the crypto space. For instance, it has played an instrumental role in the growth of the booming decentralized finance (DeFi) and non-fungible tokens (NFTs) sectors based on some of the features it offers, like smart contracts.

A year ago, Ethereum’s price stood at $616 compared to the current $4,565, whereas Bitcoin’s was $19,435 in contrast to the present $56,792.

Ethereum has also been exiting crypto exchanges in droves, and this has been aiding its price rally. This signifies a holding culture because coins are transferred to cold storage and digital wallets for future purposes, making liquidation a bit difficult.

For instance, Ethereum balance on exchanges recently reached a 3-year low of 14,063,528.118 ETH, according to market insight provider Glassnode. 

Image

Ethereum’s net issuance dropped to $37,000 ETH in November

According to Mason Nystrom, a researcher at Messari:

“Ethereum net issuance continues to decline with only ~37K ETH issued in November. At this rate, if market demand continues, Ethereum may see its issuance become deflationary relatively soon.”

Image

ETH’s net issuance has been down-trending ever since the London Hard Fork or EIP 1559 upgrade went live on August 5. For example, this metric stood at 204,000 ETH in August compared to November’s 37,000 ETH. 

This is because the London Hard Fork is continuously making Ethereum scarce, given that Ether is burnt every time it is used in transactions. This upgrade has also saved ETH users a total of $844 million in transaction fees through base fee refunds.  

Image source: Shutterstock


Credit: Source link

ShareSendTweetPinShare
Previous Post

Frosty Floki Announces Mega Metaverse Project with Gaming and VR

Next Post

Cardano Spikes 7%, Bitcoin Struggles at $56K

Next Post
Cardano Spikes 7%, Bitcoin Struggles at $56K

Cardano Spikes 7%, Bitcoin Struggles at $56K

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Crypto poses serious challenges for regulators

Crypto poses serious challenges for regulators

August 15, 2022
Federal Trade Commission Warns Consumers Beware of Scammers Demanding Utility Payments in Cryptocurrency

Federal Trade Commission Warns Consumers Beware of Scammers Demanding Utility Payments in Cryptocurrency

August 13, 2022
Commentary: Crypto platforms say they’re exchanges, but they’re more like banks

Commentary: Crypto platforms say they’re exchanges, but they’re more like banks

August 14, 2022
US Seized $500K in Ransomware Payments and Crypto from North Korean Hackers

Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)

August 14, 2022
XRP Price Prediction for August 10th: Ripple Is Trending Downwards

XRP Price Prediction for August 10th: Ripple Is Trending Downwards

August 10, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Top Crypto Gainers Today – Lots of Altcoins up
  • Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT
  • Fed Issues New Guidance to Banks Engaging in Crypto Activity

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,033.00 0.11%
  • ethereumEthereum (ETH) $ 1,899.36 0.94%
  • tetherTether (USDT) $ 1.00 0.03%
  • usd-coinUSD Coin (USDC) $ 1.00 0.04%
  • bnbBNB (BNB) $ 318.45 0.36%
  • cardanoCardano (ADA) $ 0.579601 4.17%
  • xrpXRP (XRP) $ 0.390042 4.66%
  • binance-usdBinance USD (BUSD) $ 1.00 0.19%
  • solanaSolana (SOL) $ 44.04 1.47%
  • dogecoinDogecoin (DOGE) $ 0.085507 7.5%
  • polkadotPolkadot (DOT) $ 9.00 2.45%
  • shiba-inuShiba Inu (SHIB) $ 0.000016 0.66%
  • staked-etherLido Staked Ether (STETH) $ 1,845.43 0.58%
  • avalanche-2Avalanche (AVAX) $ 27.65 0.37%
  • matic-networkPolygon (MATIC) $ 0.949888 0.51%
  • daiDai (DAI) $ 0.999695 0.05%
  • tronTRON (TRX) $ 0.070391 2.15%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,044.00 0%
  • ethereum-classicEthereum Classic (ETC) $ 40.89 0.75%
  • okbOKB (OKB) $ 21.43 0.51%
  • leo-tokenLEO Token (LEO) $ 5.40 0.47%
  • litecoinLitecoin (LTC) $ 64.15 5.67%
  • ftx-tokenFTX (FTT) $ 30.98 0.86%
  • nearNEAR Protocol (NEAR) $ 5.39 0.16%
  • chainlinkChainlink (LINK) $ 8.63 0.32%
  • uniswapUniswap (UNI) $ 8.48 0.77%
  • crypto-com-chainCronos (CRO) $ 0.152605 0.6%
  • cosmosCosmos Hub (ATOM) $ 11.74 3.03%
  • stellarStellar (XLM) $ 0.126709 3.32%
  • moneroMonero (XMR) $ 168.41 2.24%
  • flowFlow (FLOW) $ 2.73 0.59%
  • bitcoin-cashBitcoin Cash (BCH) $ 143.59 5.22%
  • algorandAlgorand (ALGO) $ 0.361598 1.17%
  • aerarium-fiAerarium Fi (AERA) $ 7.12 13%
  • vechainVeChain (VET) $ 0.031489 0.57%
  • filecoinFilecoin (FIL) $ 8.67 4.8%
  • internet-computerInternet Computer (ICP) $ 7.96 3.27%
  • apecoinApeCoin (APE) $ 6.36 1.89%
  • decentralandDecentraland (MANA) $ 1.05 0.5%
  • chain-2Chain (XCN) $ 0.085490 1.64%
  • the-sandboxThe Sandbox (SAND) $ 1.30 0.42%
  • tezosTezos (XTZ) $ 2.00 11.01%
  • hedera-hashgraphHedera (HBAR) $ 0.078334 0.77%
  • axie-infinityAxie Infinity (AXS) $ 18.21 0.62%
  • quant-networkQuant (QNT) $ 120.72 5.91%
  • eosEOS (EOS) $ 1.61 27.1%
  • aaveAave (AAVE) $ 110.12 0.34%
  • lido-daoLido DAO (LDO) $ 2.66 1.22%
  • theta-tokenTheta Network (THETA) $ 1.48 0.68%
  • fraxFrax (FRAX) $ 0.999043 0.03%