cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Ethereum Gas Fees Six-Month Low Suggests Impending Altcoin Rally: Santiment

-

by

in

Gas fees on the Ethereum network have dropped to a six-month low. The average cost is $1.12 per transaction, marking the lowest figure since October 18.

Analysts from Santiment noted that this drop in gas fees could be the start of an upcoming altcoin rally.

Ethereum Gas Fees Plummet

According to Santiment, traders typically cycle between periods of extreme optimism, often characterized by the belief that a certain asset is set for exponential growth, and periods of pessimism, marked by the sentiment that it is declining.

1TP5테더리움‘s average fee level has dipped to just $1.12 per network transaction, the lowest average cost in a day since October 18th.

Traders historically move between sentimental cycles of feeling that #crypto is going “To the Moon” or feeling that “It Is Dead”, which can… pic.twitter.com/8b8rLMLyIf

- Santiment (@santimentfeed) April 28, 2024

This fluctuation in sentiment is reflected in transaction fees, which generally peak around market highs and return to normal levels during market lows.

The recent drop in Ethereum gas fees can be attributed to the Dencun upgrade and a general lull in the broader crypto market. These developments have reduced on-chain activity, subsequently driving down Ethereum gas fees.

This contrasts with just a few months ago when gas fees on the Ethereum network soared to an eight-month high in February. This increase coincided with a substantial surge in interest surrounding an experimental token standard known as ERC-404.

On February 9, gas prices peaked at an average of 70 gwei per transaction, equivalent to approximately $60 for a standard transaction. At their peak, gas costs surged as high as 377 gwei, a level not seen since May 12, 2023.

The price of Ethereum has recently seen a modest rally, with a 4.3% gain over the past week, according to 데이터 from CoinGecko. However, as of today, ETH has encountered a 4% decline, erasing the gains from the previous week and currently trading around $3,200.

Ethereum’s Circulating Supply Surges

Meanwhile, the decreased activity on the Ethereum network has led to an increase in the circulating supply of ETH, reaching its highest point in the past month.

Data shows that over the last 30 days, 74,458 new ETH were issued, while only 57,516 were burned, resulting in a net supply increase of 16,979 new tokens. This marks a shift from the previous five months, which experienced consistent deflationary trends.

Despite this recent increase in ETH-based inflation, the network has burned over 437,000 tokens since transitioning to a proof of stake consensus mechanism in September 2022.

In other news, asset manager Franklin Templeton made headlines by listing its spot Ethereum exchange-traded fund (ETF) on the Depository Trust and Clearing Corporation (DTCC) website.

This development has reignited investors’ optimism regarding the potential approval of an Ethereum ETF by the SEC, with expectations for a decision in May.

게시물 Ethereum Gas Fees Six-Month Low Suggests Impending Altcoin Rally: Santiment 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (237) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (2) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (29) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (48) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (3) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (3) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (2) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.