Since the London hard fork, Ethereum has eliminated 4.6 million ETH, equivalent to 13.57 billion USD. The aim was to decrease ETH supply through burning transaction fees.
Despite significant burns, ETH’s supply inflation rate is 0.801%, similar to Bitcoin’s inflation of 0.809%. The increased transactions mainly contribute to supply destruction.
XRP is currently priced at 2.84 USD, showcasing bullish patterns while trading above key support. Analysts are monitoring a potential rally towards 3.20 USD.
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