{"id":25476,"date":"2024-07-20T11:00:19","date_gmt":"2024-07-20T08:00:19","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25476"},"modified":"2024-07-20T10:08:14","modified_gmt":"2024-07-20T07:08:14","slug":"ethereums-supply-increase-could-trigger-price-decline-warns-expert","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethereums-supply-increase-could-trigger-price-decline-warns-expert\/","title":{"rendered":"Ethereum’s Supply Increase Could Trigger Price Decline, Warns Expert"},"content":{"rendered":"

According to crypto expert and Into The Cryptoverse creator Benjamin Cowen<\/strong>, Ethereum’s price may suffer if its supply keeps increasing at the present pace as the early excitement around spot Ethereum exchange-traded funds (ETF)<\/strong> diminishes.<\/p>\n

Cowen<\/strong> said in a July 19 post on X, referring to the September 2022 Merge, which turned Ethereum<\/strong> to its present proof-of-stake consensus model, “If the supply of ETH keeps increasing by ~60k\/month like it has been since April, then by Dec the supply will be back to what it was at the merge.”<\/p>\n

Ethereum<\/strong> becomes deflationary after the Merge; its supply dropped by around 455,000 ETH by April 2024. Still, the supply has lately grown by about 150,000 ETH. Cowen projects that by December Ethereum’s supply will return to pre-Merge levels if current trend continues.<\/p>\n

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