Grow Open Source Bounties Hackathons Grants Quests Kudos

Gitcoin is a community of 39,102 amazing open source developers working remotely to build in Web3.

• Nandit Mehra@nandit123I was thinking if the price of ETH will tend to converge to a price point in the long term as more people use it. But the converging price point won't be big (maybe around 100$) since the ETH doesn't have a supply limit like BTC, XLM, etc. In this respect, ETH is similar to government-backed currencies like USD which also doesn't have an upper limit of supply. Though i expect that in the meanwhile the price of ETH will go high as the velocity of new people interested in ETH will be greater than the velocity of ETH generation but eventually ETH price will converge to a low fixed price point.