This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. The most anticipated upgrade in all of crypto is scheduled to take place in a few months. Ethereum is preparing to shock the world, moving from proof of work to proof of stake.By now, everyone should be well acquainted with "the merge." If you are not, click the link and climb out from under your rock. The daylight is lovely.Let’s look at just how big Ethereum is.With a market cap of $363B, Ethereum is just a 1% move away from surpassing the size of Walmart and Samsung. Ethereum’s market cap makes it is larger than Bank of America, Mastercard and Wells Fargo. If Ethereum was a nation, its GDP would make it roughly the 30th largest country in the world and would account for .5% of the world’s total.Take that Israel, South Africa and Ireland (they would be 31-33).This only scratches the surface of Ethereum's importance.Let's look at the current burn rate and staking metrics. Ethereum just crossed the 2M mark on total Ethereum burned and is currently on pace to burn 3.4M ETH by the start of 2023. 2.8% of the total supply will be eliminated this year. The supply growth is sitting at a mere 1.9% (in terms of all-time) and is projected to flip negative post-merge to -2.2%. The issuance will drop over 90%, from about 5.4M Ethereum per year to .5M per year.Ethereum has already had deflationary days and weeks, and will become a fully deflationary asset in the near future.Not impressed yet? Demand for staking in the ETH 2.0 contract has risen dramatically and will go parabolic after the merge. This will remove even more ETH from circulation. Currently, 7.92% of the eligible supply of Ethereum is being staked, worth $28.5B. As you may know, once Ethereum is staked, it can't be unstaked until post-merge. Staking rewards for Ethereum are around 4% at press time. It is predicted that, post-merge, this figure will jump to anywhere from 7%-15%. This should attract far more HODLers, willing to stake their assets for high yield and help secure the network.Switching the consensus method will reduce the energy consumption of Ethereum by 99.5%.Yes, you read that correctly, 99.5%.We have not even discussed the important of the asset for builders, innovators and investors, but we can save that for another day.It has been hard to ignore Ethereum for anyone who is actively participating in crypto. Now it’s impossible. The merge is going to be a massive event.In This Issue:The MergeBitcoin Thoughts And AnalysisAltcoin ChartsOn-Chain Data Shows Traders Buying The Dip - IntoTheBlockUse This Tool To Monitor EthereumEpic Live StreamWhy Is Everyone Talking About Luna?Bitcoin Bonds Projected To Be OversubscribedThe Wolf Of All Streets Podcast Ft. Dan JeffriesMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #464 - The Merge
The Wolf Den #464 - The Merge
The Wolf Den #464 - The Merge
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. The most anticipated upgrade in all of crypto is scheduled to take place in a few months. Ethereum is preparing to shock the world, moving from proof of work to proof of stake.By now, everyone should be well acquainted with "the merge." If you are not, click the link and climb out from under your rock. The daylight is lovely.Let’s look at just how big Ethereum is.With a market cap of $363B, Ethereum is just a 1% move away from surpassing the size of Walmart and Samsung. Ethereum’s market cap makes it is larger than Bank of America, Mastercard and Wells Fargo. If Ethereum was a nation, its GDP would make it roughly the 30th largest country in the world and would account for .5% of the world’s total.Take that Israel, South Africa and Ireland (they would be 31-33).This only scratches the surface of Ethereum's importance.Let's look at the current burn rate and staking metrics. Ethereum just crossed the 2M mark on total Ethereum burned and is currently on pace to burn 3.4M ETH by the start of 2023. 2.8% of the total supply will be eliminated this year. The supply growth is sitting at a mere 1.9% (in terms of all-time) and is projected to flip negative post-merge to -2.2%. The issuance will drop over 90%, from about 5.4M Ethereum per year to .5M per year.Ethereum has already had deflationary days and weeks, and will become a fully deflationary asset in the near future.Not impressed yet? Demand for staking in the ETH 2.0 contract has risen dramatically and will go parabolic after the merge. This will remove even more ETH from circulation. Currently, 7.92% of the eligible supply of Ethereum is being staked, worth $28.5B. As you may know, once Ethereum is staked, it can't be unstaked until post-merge. Staking rewards for Ethereum are around 4% at press time. It is predicted that, post-merge, this figure will jump to anywhere from 7%-15%. This should attract far more HODLers, willing to stake their assets for high yield and help secure the network.Switching the consensus method will reduce the energy consumption of Ethereum by 99.5%.Yes, you read that correctly, 99.5%.We have not even discussed the important of the asset for builders, innovators and investors, but we can save that for another day.It has been hard to ignore Ethereum for anyone who is actively participating in crypto. Now it’s impossible. The merge is going to be a massive event.In This Issue:The MergeBitcoin Thoughts And AnalysisAltcoin ChartsOn-Chain Data Shows Traders Buying The Dip - IntoTheBlockUse This Tool To Monitor EthereumEpic Live StreamWhy Is Everyone Talking About Luna?Bitcoin Bonds Projected To Be OversubscribedThe Wolf Of All Streets Podcast Ft. Dan JeffriesMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO