The ether is traded at about half of its high price at all, but the Ethereum network is still higher than some of the most prominent companies in the world.
Ether (EthIt was traded by about 2088 dollars at the time of writing in the middle of cInquiring boxes on the stock exchange (ETF)More than 57 % of its highest level ever decreased by about $ 4900 in mid -November 2021, According to To CoinmarketCap data.
Despite this decrease, ETHEREUM maintains the market value of about $ 252 billion, as international companies such as Toyota ($ 250 billion) and the total market value of precious metal platinum ($ 245 billion) exceed.
Other prominent companies currently include less than Ethereum IBM, McDonald’s, General Electric, Shell and Disney. If Ethereum is a company, it will be the largest fifty in the world, behind Nestle, with its basic price of about $ 256 billion.
Alex Obchakevich Research, Cointelegraph, founded that speculative interest contributes significantly to Ethereum evaluation, as well as “Freedom of the Financial Framework for Traditional Finance”. He added:
“Ethereum is about the future, about new financial technologies and solutions. The project is still very small and attracts many new investors and young people who are ready to bear risk. I think Zomer will choose Ethereum to invest instead of Toyota or IBM shares.”
Flavio Bianchi, Ambassador of Bolkadot and the chief marketing official on the decentralized fundraising platform, told CointeleGraph that the comparison is less insight than it might appear at first. He highlighted that “ethereum is not action” – it is an infrastructure. Clear:
“Its value does not only come from revenues or profit, but from use and belief in its future role. It enables people to build and deal with assets, issuance and coordination without mediators.”
Obchakevich also suggested that Ethereum has become more attractive after it has moved to the proof of creativity (POS), which enhances “its value as the origin of contraction with the possibilities of growth in the digital economy.”
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Is ethereum one of the foundations?
Modern data from Ultra Sound Money shows that Ethereum is inflation again, with an annual inflation rate of about 0.73 % over the past thirty days.
The rate of inflation or contraction is largely dependent on the ERC fees burning by the network and the newly released ether amount. The graphics on the network have been burned since Implementation of EIP-1559 in 2021Which, associated with a decrease in the version after the POS transmission, led to the ethereum shrinkage during the continuous network activity.
Intotheblock Data He appears On March 23, the daily fees on Ethereum fell to a little more than 337,000 dollars, which has been reported since June 2020. Ycharts as well He appears On March 23, only 118.67 of ETH fees were the lowest value that was reported this year.
ETHEREUM network treatment fees per day. Source: ycharts
Over the past 24 hours, the ETH value has increased by approximately 3.5 %, which increased the market value by about 9.3 billion dollars, with a total of about $ 252.1 billion. For comparison, this figure exceeds Greek Greek product (GDP), currently about $ 243.5 billion.
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Obchakevich is highlighted that, unlike more than Greek Greek product, the maximum ETHEREUM market is also higher than GDP of countries like Slovenia and Croatia combined. He said that this is more than just a strange realism:
“For institutional investors, it is a sign of legitimacy. [total value locked] Of more than $ 124 billion, you see only speculation but as an infrastructure for the future. “
Pradeep Singh, CEO of Perfical Privacy and Security Pervacture Gateway FM, told Cointelegraph that these numbers reflect a “basic shift in how we appreciate the digital infrastructure”:
“What we are witnessing is a growing recognition that large parts of the global economy will eventually migrate to this infrastructure. The market value of Ethereum is mainly prices in its future role as a settlement class for everything from financial services to the supply chain management.”
Ethereum continues to develop as developers offer innovations Like original rollupsIncrease the expansion of Blockchain capabilities and potential use.
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