Forecasting BlockDAG’s Surge to $30 by 2030 Amid Ethereum Supply Shifts and Lido DAO Price Movements

Since mid-April 2024, Ethereum has seen a significant increase in supply, adding over 112,000 ETH, primarily due to the Dencun upgrade. This upgrade, implemented on March 13, introduced nine Ethereum Improvement Proposals (EIPs), including EIP-4844, temporarily storing transaction data separately to reduce fees on Ethereum layer-2 networks. Introducing proto-dank sharding has also enhanced data availability, making transactions more efficient. Despite the recent increase in Ethereum’s supply, the overall supply has decreased by 345,000 ETH since the transition to proof-of-stake in September 2022. Ethereum is currently priced at $3,380.01. This mixed scenario presents both opportunities and challenges for investors, with lower transaction costs offering benefits but increased supply potentially leading to inflationary pressures.

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