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Coin Edition 2023-03-29 13:13:00

Shrinking Ethereum Supply Pushes ETH Price Closer to $2K

Available reports show that the Ethereum network has removed nearly 70,000 ETH from circulation since the last major update, the Merge. That update saw Ethereum transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) algorithm. This development has reduced the selling pressure on ETH, the second-largest cryptocurrency by market capitalization. In the crypto The post Shrinking Ethereum Supply Pushes ETH Price Closer to $2K appeared first on Coin Edition .

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