Some tokens can not be ignored, not because of their use cases but because of the news that comes with them. Two types of tokens that are usually profitable are memecoins and renowned projects. Memecoins are usually ignored for the uncertainty surrounding them and the risk of a rug pull. But, over time, they have surprised many who ignored them.
Let’s look at why you should consider investing in Ethereum and Big Eyes Coin.
Ethereum (ETH)
Ethereum has been the talk of the news since September. Sentiments and speculations flying around can be attributed to its recent merge with the Beacon consensus network. This Merge has long been expected and is a step toward Ethereum’s scalability.
Scalability has been a long-coming problem for Ethereum. Many have suffered from high transaction fees on a slow network, which is due to network congestion. In the middle of the April bull run, an average transaction on the Ethereum network was as high as $350. More reason the community was excited about the Merge. But will the merge solve the issue of scalability? No.
It is only one step among the five stages to make Ethereum scalable. So, it is not going to make Ethereum cheaper or faster. However, the Merge brought good news for token holders. One such good news is the rate of Ether issuance. As the network has moved from proof of work to proof of work, there will be no need for miners. Stakers will be in charge of validating transactions, and Ethereum will compensate them with Ether. However, Ethereum will be rewarding stakers with fewer tokens. In fact, it has reduced its token issuance by approximately 90%.
Ethereum will also burn transaction fees. Roughly 1600 ETH will be burned daily. This will significantly reduce the Ether supply in circulation. If 1600 ETH is burned every day and 1600 ETH is issued every day, the net inflation rate is zero. And we know burning Ether may likely affect price movement. So, holding ETH may be considered to be…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
