Ethereum Poised To Hit 35% Surge In Staking Demand – What It Means For Investors
13 Maio 2023 - 4:50AM
NEWSBTC
In 2022, Ethereum formally adopted Proof of Stake (PoS) as a more
secure and energy-efficient method to validate transactions and add
new blocks to the blockchain. PoS and other consensus mechanisms
are integral to the security of a network. This shift has
significant implications for the Ethereum ecosystem, particularly
in terms of staking – the process of holding funds in a
cryptocurrency wallet to support the operations of a blockchain
network. Related Reading: Will Listing Of Floki Inu On
Brazil’s Largest Exchange Boost Meme Coin’s Price? While staking
has been around for some time, several factors are now converging
to potentially drive a significant increase in ETH staking. In
fact, a leading staking service provider has predicted a surge in
staking activity and has backed it up with compelling
reasons. So, what does this mean for Ethereum, and why is
staking becoming such a critical part of its blockchain
infrastructure? Staked Q2 Report Predicts Significant ETH
Staking Rate Increase Staked, a research subsidiary of the Kraken
exchange, has released its Q2 report, projecting that the ETH
staking rate could see a significant increase of 20% to 35% over
the next 12 to 18 months. This forecast was based on several
factors, including the recent increase in average Ethereum staking
yield from 5.2% to 5.8% on a year on year basis. Moreover, the
Staked Q2 report’s prediction of a significant increase in the ETH
staking rate could also have broader implications for the
cryptocurrency market as a whole. If more users begin staking their
ETH, the circulating supply of the cryptocurrency will decrease,
potentially leading to an increase in its price. This, in
turn, could have a ripple effect on the entire cryptocurrency
market, making it a crucial trend to watch in the coming months.
ETH total market cap currently at $218 billion on the daily chart
at TradingView.com What Increased ETH Staking Means For Investors
One of the most obvious benefits is that a higher staking yield
means investors can earn more rewards for their staked ETH. This
could be especially appealing to long-term investors who are
looking to maximize their returns. Additionally, the increase
in staking could potentially lead to a decrease in the circulating
supply of ETH, which could drive up its price. This means that
investors who are holding ETH could see their holdings increase in
value. Related Reading: Ethereum Loses Grip On $1,800: Will The
Bulls Barge In To Save The Day? But the impact of increased ETH
staking goes beyond just earning rewards and potential price
increases. It also has a positive effect on the overall health and
stability of the Ethereum network. By staking their ETH,
investors are essentially locking it up, making it more difficult
for bad actors to attack the network. This makes the network more
secure and trustworthy, which could attract more users and
investors to the platform. Source: Coingecko At the time of
writing, the price of ETH stands at $1,798 according to CoinGecko,
with a 2.4% rally in the past 24 hours. However, it’s worth noting
that ETH has experienced a seven-day slump of 8.5%, highlighting
the volatility that is characteristic of the cryptocurrency market.
-Featured image from Siam Blockchain
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