"The notion of ethereum becoming a deflationary cryptocurrency in the future is now tangible, and the effects on ethereum’s valuation could be profound," said one analyst.
Crypto traders have been hotly anticipating the upgrade while monitoring the deployment for signs of how the changes might affect the pace of new issuance of ether.
Ether (ETH) notched a 12-day winning streak Monday, the longest ever, in the runup to a planned upgrade on Ethereum’s blockchain that aims to improve the so-called gas fees an...