Community Trust ScoreLikely Real
• Are We Officially in the Bull Market?
• EIP1559 Stepping Stone Towards PoS Transition
• Selling the News Most Likely
• Real Asset Should not be Burned
• Impact of Burn on ETH Price
We are officially in the bull market. Bitcoin, Ethereum, and other Altcoins will make new ATH in August. EIP-1559 is the most significant advancement to happen in the crypto space in the last few years.
To predict crypto, we need to have crypto knowledge. May are laughing out loud at the idea of EIP being called the biggest advancement in crypto in the last few years.
Those who had contradictory opinions have to state that they are afraid to cite examples when seeing someone consider a protocol that just makes the currency deflationary a significant advancement.
EIP1559 doesn’t necessarily make ETH deflationary, the inflation rate will come down, but no one knows how much. It’ll help reduce the gas fee, which is a major problem on Ethereum.
EIP1559 is a stepping stone towards Ethereum moving to POS, which will make the network more scalable, reliable, and predictable. From a usability standpoint, it is a progressive step forward.
As opposed to predicting anything here, it is good to consider this move as a stepping stone towards scalability, reliability, and predictability, which increases its usability and, therefore, the biggest advancement in the crypto space.
Bitcoin Maximalists, BNB/ADA/SOL/HBAR guys, will also say that this is not the biggest advancement “in crypto space.”
Ethereum lovers are surely appreciative of the burn irrespective of what other token maximalists have to state.
Critics have a different outlook. They feel this is the time to get ready for the dump. They say this is creating the environment to buy the news and sell the event. The logic is that the people will sell once the event happens to profit.
Some of them to date were thinking that Burning is something that only Meme coins do. Many feel a real asset should not be burned.
Selling the news can be most likely, but seasoned analysts have to state that almost nothing happens with such events.
Some say that they are intuitive that all is not going to run all that smoothly.
Others have different hopes, like: Will the launch of EIP1559 have a negative effect on Matic’s price going into the Bull Run? However, those who are smart will take profit now. Many are able to hear “sell the news.” They feel this can be an unsustainable pump and that it will be a dump big time.
Ethereum advocates are like the whole crypto-verse pumped 15% – 30% last 1-2 weeks, as did Ethereum. They are waiting to see the impact of this event on the ETH price.
