Eth market daily flier

in mine •  4 years ago 

ETHEREUM-YOUTUBE-PROFILE-PIC.png

Ether, although up, cannot go up for ever according to Business Insider,
see the full article at "https://markets.businessinsider.com/currencies/news/ether-price-eth-road-key-resistance-2700-cryptocurrencies-kraken-bitcoin-2021-4-1030284996"

onto the analysis, Ethereum is currently heading up strong(expect a 5% daily return). let's go to https://etherscan.io for gas info.

etherscan-logo-circle.png

Diff and gas(a result of diff) are steadily increasing, as usual, but not at 5%(the price increase today), so let's go to txns per block. We have around a 175 txn/block ratio, this means that there is competition in blocks. This creates demand, thus increasing the price.

synopsis:

the best way to make a buck with eth is by mining. the price is skyrocketing because of a lack of miners. less miners means less people to split the reward, thus more money.

conclusion:

the best way to make money with ETH is by mining

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