One million ETH worth have been burned since the implementation of EIP-1559 in August

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On a net basis, however, the supply of Ether is still inflating at about 1.2% per year.

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Price analysis 11/24: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, CRO

Bitcoin and most major altcoins are struggling to find bullish momentum, a possible signal that prices could continue to erode.

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