Ethereum's Growing Scarcity
Ethereum (ETH) has become a hot topic due to its increasing scarcity, with nearly 40% of its total supply locked in smart contracts. Smart contracts are digital agreements that execute automatically when conditions are met. For instance, think of a vending machine that dispenses a snack once you insert a coin—smart contracts work similarly but digitally. This growing lock-up means less ETH is available for trading, potentially driving up the price if demand spikes. Currently, Ethereum's price has seen a 4.8% increase in the last 24 hours and a 5.5% rise over the past week, highlighting its appeal as an investment.
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