ChainCatcher news, according to Morningstar, based on calculations by CryptoQuant analysts, if the current supply and demand dynamics of Ethereum persist, this cryptocurrency could reach an all-time high of over $5000 next year.Meanwhile, CryptoQuant analysts wrote in a recent report that although the total supply of Ethereum is at its highest level since April 2023, the number of Ethereum destroyed through transaction fees has been on the rise since September, indicating that the supply growth of this cryptocurrency has been slowing down.

ChainCatcher news, according to The Block, CryptoQuant analysts stated that if the current supply and demand trends and investor interest continue to rise, the price of Ethereum could exceed $5,000.They added that on-chain activity for Ethereum has increased, with daily transactions and dApp usage driving up network fees, and the increase in Ethereum burn has slowed down supply growth.

ChainCatcher message, Glassnode posted on X that the Bitcoin market is currently experiencing a stagnation period, with both demand and supply showing signs of inactivity. As indicated by the stagnant Realized Cap, the market is characterized by very little capital inflow and outflow.

ChainCatcher news, according to a report by Bloomberg, the issuer of the USDT stablecoin, Tether Holdings, had considered launching its own distributed ledger but later abandoned the plan. The company's CEO stated that the economic logic behind this is actually very simple: it is about supply and demand.Tether CEO Paolo Ardoino said in an interview: "We are very good at technology, but I think blockchain will almost become a commodity in the future, and launching our own blockchain may not be a wise move. There are many good blockchains out there. As long as USDT has the highest level of security and sustainability during transactions, he is happy to maintain a development attitude regarding which blockchain its stablecoin is traded on. For us, blockchain is just a transmission layer."