The Ethereum supply crisis on exchanges is worsening day by day

[Peter90]

"The Ethereum supply crisis on exchanges is worsening day by day.
Every day, supply is getting tighter, which indicates even stronger demand for ETH.
Massive gains ahead."








https://twitter.com/LeonWaidmann/status/1743511965689868590?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1743511965689868590%7Ctwgr%5E046f1b371c7c9a28f8d6edbb6c0c9b349d3c5cac%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcrypto%2Fhow-will-ethereums-price-react-bitcoin-etf-approval

[MrSpasybo]

"The Ethereum supply crisis on exchanges is worsening day by day.
Every day, supply is getting tighter, which indicates even stronger demand for ETH.
Massive gains ahead."

Similar to BTC, ETH supply on CEXs is decreasing every day, which is different from previous cycles. When the bullrun comes, increased buying pressure while supply decreases will create a liquidity imbalance and the result will be a huge price increase for ETH.

Currently, the ETH Spot ETF is being proposed and waiting for approval. If it passes in May or August this year, it will continue to create strong demand from ETF funds and increase buying pressure on CEXs going forward. Something huge is waiting for us in this cycle 

[Faisal2202]

"The Ethereum supply crisis on exchanges is worsening day by day.
Every day, supply is getting tighter, which indicates even stronger demand for ETH.
Massive gains ahead."

The big reason is airdrops, most of the airdrops demand ETH, and currently, airdrops have been ongoing from the last ten days of December to till today (I think) airdrops require staking of ETH in order to gain their governance token manta. Yeah, I am talking about the Manta paradigm airdrop. Unfortunately, I was unable to take part in it due to some work but many local fellows have taken part in it and won exclusive NFT worth more than $5k while they did not stake more than 2 ETH (AFAIK)

Besides Manta there are many other airdrops that are happening that require staking of ETH at some different L2 or L3 network like linea etc. These airdrops have really shorter the ETH supply plus the burning of ETH also plays an important role in it. If the supply of ETH would be limited like BTC then it would have shoots above $5k till now. Don't you think?

[Peter90]

The big reason is airdrops, most of the airdrops demand ETH, and currently, airdrops have been ongoing from the last ten days of December to till today (I think) airdrops require staking of ETH in order to gain their governance token manta. Yeah, I am talking about the Manta paradigm airdrop. Unfortunately, I was unable to take part in it due to some work but many local fellows have taken part in it and won exclusive NFT worth more than $5k while they did not stake more than 2 ETH (AFAIK)

Besides Manta there are many other airdrops that are happening that require staking of ETH at some different L2 or L3 network like linea etc. These airdrops have really shorter the ETH supply plus the burning of ETH also plays an important role in it. If the supply of ETH would be limited like BTC then it would have shoots above $5k till now. Don't you think?

Hi Faisal,
Manta airdrop... L2/L3 network... I understand that it's better for me to step back and leave the field to people like you and Spasybo 

I reported the news about supply deficit for ETH because... well when I hear talk about supply deficit... for me that's commodities jargon.
I didn't know that concepts like supply deficit... supply excess... demand deficit... demand excess... could be applicable to cryptocurrencies... At least - so it seems to me, I could be wrong - this is not usual.

[Captain Corporate]

To be fair, people are aware of the fact that what they have right now is not really anything shocking with ETH having a higher potential than bitcoin. The fact that eth could get higher than btc (not in price but in percentage) means that if you hold ETH today, instead of BTC, you could make more profit from it in the next 1-1.5 years. This is not a secret, everyone knows about this, its not some hidden knowledge, plus you do not even have to just hold it, you could stake it which means that you are going to end up with making more ETH while waiting for your ETH to grow at the same time as well. This should be the most important part.

[Yamane_Keto]

The big reason is airdrops, most of the airdrops demand ETH, and currently, airdrops have been ongoing from the last ten days of December to till today (I think) airdrops require staking of ETH in order to gain their governance token manta. Yeah, I am talking about the Manta paradigm airdrop.

I do not think that gas fees will change the equation. If there were thousands of Airdrops and there were thousands of users, the required fees would be around $10. We are talking about $10 million. It would not be enough to make the price rise.
The reason for the increase in the price of Ethereum in the past days is speculation regarding the ETH ETF, which will most likely be approved.

This news is not very positive. If Ethereum, with all this activity, is moving slowly, the possibility of it rising sharply will be limited.

[Faisal2202]

I do not think that gas fees will change the equation. If there were thousands of Airdrops and there were thousands of users, the required fees would be around $10. We are talking about $10 million. It would not be enough to make the price rise.
The reason for the increase in the price of Ethereum in the past days is speculation regarding the ETH ETF, which will most likely be approved.

This news is not very positive. If Ethereum, with all this activity, is moving slowly, the possibility of it rising sharply will be limited.

I can not agree more with you but this news did make some positive impact on the ETH's price unless you were expecting more. And there is no doubt that a $10 million volume going up or down won't make any big difference in the ETH price but it will make some impact. It is just you might have set your expectations too high.

Please tell me you are not one of those who think ETH will make at least $15k in this bull run. I mean if you are hoping for $15k then I will not judge you but I will only say we should not raise our hopes to a point that in the end, we have to face disappointment. I hope you got my point here. I was also expecting high results from BTC ETF's approval but I was disappointed.

[Yamane_Keto]

delete

[philipma1957]

To be fair, people are aware of the fact that what they have right now is not really anything shocking with ETH having a higher potential than bitcoin. The fact that eth could get higher than btc (not in price but in percentage) means that if you hold ETH today, instead of BTC, you could make more profit from it in the next 1-1.5 years. This is not a secret, everyone knows about this, its not some hidden knowledge, plus you do not even have to just hold it, you could stake it which means that you are going to end up with making more ETH while waiting for your ETH to grow at the same time as well. This should be the most important part.

I think that ETH is headed towards a major collapse in price. It is more risky to buy and hold it speculatively than bitcoin. I believe Solana will continue to bleed Eth in 2024. If I was holding Eth I would be quick to dump it. I know I am being contrary to the theme of this thread. But I simply am not a fam of Eth.

BTW to Mr V. the boss of Eth you still owe me 2 Eth coins.

"About Solana
Solana is one of a number of newer cryptocurrencies designed to compete with Ethereum. Like Ethereum, Solana is both a cryptocurrency and a flexible platform for running crypto apps — everything from NFT projects like Degenerate Apes to the Serum decentralized exchange (or DEX). However, it can process transactions much faster than Ethereum — around 50,000 transactions per second.

SOL is used to pay transaction fees and for staking. It also serves as a “governance token,” meaning that holders also are able to vote on future upgrades and governance proposals that are submitted by the Solana community."


the quote is from coinbase.  And Solana is far ahead of eth in transaction speed and cost. this will drag eth down. at lease I think it will.

[Evgenklm]

I believe that the reduction of Ethereum supply on exchanges indicates that investors are increasingly interested in holding this asset in their portfolios. This may be related to the growing interest in decentralized financial applications and the prospects for Ethereum network development.This could lead to a strengthening of its position in the market and an increase in price.

[pacar_tiri]

I believe that the reduction of Ethereum supply on exchanges indicates that investors are increasingly interested in holding this asset in their portfolios. This may be related to the growing interest in decentralized financial applications and the prospects for Ethereum network development.This could lead to a strengthening of its position in the market and an increase in price.

Yes, of course investors and whales have seen the potential that can be gained from Bitcoin because of course they have watched this for a very long time and it is clear that Bitcoin price movements are capable of becoming expensive again, making investors believe that Bitcoin is indeed very profitable so they don't want to miss this opportunity. to make as much profit as they can on Bitcoin.

[yhiaali3]

Yes, of course investors and whales have seen the potential that can be gained from Bitcoin because of course they have watched this for a very long time and it is clear that Bitcoin price movements are capable of becoming expensive again, making investors believe that Bitcoin is indeed very profitable so they don't want to miss this opportunity. to make as much profit as they can on Bitcoin.

My dear, I think you are writing outside the topic. The topic has nothing to do with Bitcoin. Rather, the talk here is about Ethereum and the decrease in the supply of Ethereum on the stock exchanges. It seems that you have misunderstood.

In any case, back to the topic regarding Ethereum, there is news that I heard recently that Ethereum wallets that have been dormant for 6-8 years are starting to move, and this has strong indicators. Of course, it is certain that these wallets belong to whales and contain large amounts of Ethereum and began to move in preparation for the expected big event, I think.