Ethereum: Record Transactions, Low Price
"Transaction counts just hit an all-time high. Token Terminal data shows that more than 70 million transactions happened in a single month on Ethereum, a new record. With this kind of sentiment going on, so the price chart is giving everyone nightmares, actual usage of the network is peaking."
ℹ️ In shortEthereum transaction counts hit an all-time high of over 70 million in a single month, even though the token's price is low.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… Go check it out. Link down below. 7-day free trial. Would love to see you in there. Now look, obviously I have to state Ethereum is not a scam. It's just trading like a scam and those are two very different things because underneath all this terrible price action, something quite fascinating is actually happening to the network itself. You see, transaction counts just hit an all-time high. Token Terminal data shows that more than 70 million transactions happened in a single month on Ethereum, a new record. With this kind of sentiment going on, so the price chart is giving everyone nightmares, actual usage of the network is peaking. People are building on it. People are using it for some reason. They're just not speculating on the token price. And that disconnect is wild to think about. The gas fees, remember when using Ethereum felt like paying a toll on a luxury highway you couldn't even afford when a simple swap could cost you $50 in fees during a busy period? That nightma …
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