Does RAM scarcity support EOS price?

[MrSpasybo]

Unlike blockchains that use native tokens to pay fees directly for each transaction, EOS and Antelope blockchains use the Resource mechanism: RAM, CPU, NET. In which RAM is what stores interactive data on network.

2 days ago, the EOS network consensus determined RAM fixation, which caused RAM prices in the market to increase.

On December 18th, according to relevant page information, the EOS node has executed the SETRAMRATE proposal, which suggests stopping RAM issuance and changing the RAM rate parameter to zero. As a result, EOS RAM has stopped inflating.
Source: EOS nodes implement the proposal to stop the additional issuance of EOS RAM, and RAM’s weekly increase exceeds 250%

That means users will need more EOS to buy RAM, which will be locked into the EOS-RAM contract.
From a supply-demand perspective, when RAM is limited, the amount of EOS used to buy RAM will increase, the number of locked EOS will increase and reduce the supply in circulation, reducing buying pressure and will support EOS price push in the long term.

I really look forward to the return of this Blockchain 3.0, especially when it is the only blockchain that is not negatively affected by the Inscription wave. Currently it can serve tens of millions of transactions per day without any problems.

What is your opinion on EOS's Resources mechanism? Will this mechanism drive EOS price increase in the 2024-2025 bullrun so that EOS has a new ATH?

[KryptoBull]

As I understand it, the RAM war is cooling down, because RAM resources are being used not as much as we think. It would take years to use up all of 500GB RAM on the EOS network, so RAM rush is something of a bubble. I think the limited RAM cap will support the EOS price but not as strongly as expected, because when someone buys enough RAM to push RAM price up, they can sell the RAM for profit.
Anyway, EOS has been accumulating for nearly a year, I wait for a strong and impressive recovery of EOS price in 2024.

[MrSpasybo]

As I understand it, the RAM war is cooling down, because RAM resources are being used not as much as we think. It would take years to use up all of 500GB RAM on the EOS network, so RAM rush is something of a bubble. I think the limited RAM cap will support the EOS price but not as strongly as expected, because when someone buys enough RAM to push RAM price up, they can sell the RAM for profit.
Anyway, EOS has been accumulating for nearly a year, I wait for a strong and impressive recovery of EOS price in 2024.

Yeah, although the EOS/kB price has increased above 0.07, it has not seen any positive impact on the EOSUSD.
EOS community's expectation is that when RAM prices increase, many people will buy EOS to use EOS to buy RAM, thereby reducing selling pressure, increasing buying pressure and supporting the price increase of EOS in the market. However, everything takes time to come true.

I also pay more attention to the cyclicality of the crypto market and the technological strength of EOS. Hope EOS won't disappoint us like it did in 2021.

[masudginanjar]

Unlike blockchains that use native tokens to pay fees directly for each transaction, EOS and Antelope blockchains use the Resource mechanism: RAM, CPU, NET. In which RAM is what stores interactive data on network.

I don't really understand RAM, CPU and NET. which is owned by the features of the EOS coin.
Is this the same as our notebooks that have OS, RAM, CPU and the internet that when connected to WiFi can enter Google?
Or maybe RAM, CPU and NET. What is in this EOS coin is much different from my estimation?
Can you explain in detail the difference between RAM, CPU and NET. In EOS Coin?
If it can be better also understanding and various examples that you have tried using EOS coins.

[KryptoBull]

Yeah, although the EOS/kB price has increased above 0.07, it has not seen any positive impact on the EOSUSD.
EOS community's expectation is that when RAM prices increase, many people will buy EOS to use EOS to buy RAM, thereby reducing selling pressure, increasing buying pressure and supporting the price increase of EOS in the market. However, everything takes time to come true.

The story has just begun, the story of RAM scarcity needs time to become popular. Currently, there are no KOLs talking about RAM and EOS on Youtube or Twitter, the opportunity is still great when the majority do not know about it. Of course, the risk still exists as EOS is not a famous blockchain, it has too many competitors!

I don't really understand RAM, CPU and NET. which is owned by the features of the EOS coin.
Is this the same as our notebooks that have OS, RAM, CPU and the internet that when connected to WiFi can enter Google?
Or maybe RAM, CPU and NET. What is in this EOS coin is much different from my estimation?
Can you explain in detail the difference between RAM, CPU and NET. In EOS Coin?
If it can be better also understanding and various examples that you have tried using EOS coins.

Everything is almost the same, RAM = blockchain's memory to store data. Every dapp and transaction needs to use RAM to operate.

RAM becomes a resource for the network. Users will pay transaction fees as RAM + CPU + NET, with RAM being the most important as it is limited. CPU and NET are not very important and have not yet become a matter of FOMO.

[masudginanjar]

Everything is almost the same, RAM = blockchain's memory to store data. Every dapp and transaction needs to use RAM to operate.
RAM becomes a resource for the network. Users will pay transaction fees as RAM + CPU + NET, with RAM being the most important as it is limited. CPU and NET are not very important and have not yet become a matter of FOMO.

In this EOS Coin Blockchain to buy RAM how much is USD?
Is buying RAM with 1 USD enough for some token transactions on the EOS Coin Blockchain network?
If not enough 1 USD, how much do you need??  Don't say if we put 10 USD or more to buy RAM at the EOS Coin Blockchain because I think it is very expensive.
Because I see for the "transaction fee" problem section a lot of members who have obstacles if you have to pay a transaction fee that is so expensive like Ethereum coins.

[MrSpasybo]

In this EOS Coin Blockchain to buy RAM how much is USD?
Is buying RAM with 1 USD enough for some token transactions on the EOS Coin Blockchain network?
If not enough 1 USD, how much do you need??  Don't say if we put 10 USD or more to buy RAM at the EOS Coin Blockchain because I think it is very expensive.
Because I see for the "transaction fee" problem section a lot of members who have obstacles if you have to pay a transaction fee that is so expensive like Ethereum coins.

RAM can only be purchased with EOS, RAM prices are determined by Bancor in EOSIO RAM Market & Bancor Algorithm.
You can track RAM prices here: https://eosauthority.com/wallet/ram

This means users will need to have EOS in their account to buy RAM, then pay in RAM (+ CPU + NET ~ free by PowerUp) for transaction fees. Currently the transaction fee on EOS is still very cheap, I think it's only about $0.007 per transaction.

[KryptoBull]

RAM can only be purchased with EOS, RAM prices are determined by Bancor in EOSIO RAM Market & Bancor Algorithm.
You can track RAM prices here: https://eosauthority.com/wallet/ram

This means users will need to have EOS in their account to buy RAM, then pay in RAM (+ CPU + NET ~ free by PowerUp) for transaction fees. Currently the transaction fee on EOS is still very cheap, I think it's only about $0.007 per transaction.

I am optimistic about the positive impact of RAM on Eos in the long term, as evidenced by the increase in RAM prices, showing that many people have withdrawn EOS from CEX to buy RAM in the past week, causing the selling pressure on CEX to decrease. But we don't see EOS price going up, and I'm concerned.

Additionally, the fee for creating a new account on Eos is 4kB. If 1kB = 1 EOS = 1 USD then new users will have to pay 4 USD just to create an Eos account. This is the same for trading fees on Eos and Eos Evm. I see an unsustainable economic model in this! Eos has always prided itself on very cheap transaction fees, but they are gradually losing that edge to the RAM-EOS game 

[MrSpasybo]

I am optimistic about the positive impact of RAM on Eos in the long term, as evidenced by the increase in RAM prices, showing that many people have withdrawn EOS from CEX to buy RAM in the past week, causing the selling pressure on CEX to decrease. But we don't see EOS price going up, and I'm concerned.

Additionally, the fee for creating a new account on Eos is 4kB. If 1kB = 1 EOS = 1 USD then new users will have to pay 4 USD just to create an Eos account. This is the same for trading fees on Eos and Eos Evm. I see an unsustainable economic model in this! Eos has always prided itself on very cheap transaction fees, but they are gradually losing that edge to the RAM-EOS game 

If I remember correctly, after launch, in mid-2018, 1 kB = 0.15 EOS = $2.5, meaning the cost of creating a new account was 4 kB = $10, very expensive but users still came to experience EOS. This could be similar to users willing to Swap on Ethereum to buy SHIB with transaction fees of hundreds of dollars.

However, currently EOS no longer retains its popularity and user appeal like it did in 2018. I cannot predict how much users are willing to pay to create new accounts or Swap on Eos. Game that create FOMO based on RAM scarcity actually has a weakness that could collapse the entire ecosystem as it would drive up transaction fees. I hope ENF knows what they're doing!