XRP and Ethereum Share This 1 Critical Problem. Should You Sell Them?
Key takeaways
- XRP-USD ETH-USD NVDA Two of the largest cryptocurrencies destroy a portion of every transaction fee incurred on their blockchains.
- Ethereum (CRYPTO: ETH) has seen its supply grow by more than 950,000 ETH since September 2022, so there's no case to be made for token burns decreasing its circulating supply.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
XRP-USD ETH-USD NVDA Two of the largest cryptocurrencies destroy a portion of every transaction fee incurred on their blockchains. But contrary to what most investors expect, those mechanisms aren't meaningfully boosting returns for holders.
Ethereum (CRYPTO: ETH) has seen its supply grow by more than 950,000 ETH since September 2022, so there's no case to be made for token burns decreasing its circulating supply. XRP (CRYPTO: XRP), on the other hand, has destroyed just 14 million XRP through fees over the entire 13-year life of the XRP Ledger (XRPL) -- about 0.01% of the 100 billion XRP maximum supply.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »