Let It Burn
Part of the recent rise in the price of Ethereum has been the the EIP 1559. Wtf does that even mean? Good question.
Similar to how Bitcoin has a limited to supply and that limited supply creates a higher demand, Ethereum has begun to burn their tokens. Making each ETH token that much more valuable inherently. As there is less in circulation. How much exactly? Well, they burned 36% of new coin issuance over the last 2 days.
I had hinted about this a while back. Hopefully you were able to continue to HODL strong.
This forward momentum in ETH along with Bitcoin has the momentum of the space continuing to trend upward.
This is why it’s important to always be accumulating gems. As when the next spike comes, you will almost always been in the green, and from there you can make a decision of what you want to do. Take some off the table? Recoup your principle? Let it all ride?
All great options. But they don’t come without having skin in the game.
Onward and Upward