Users keep faith in Ethereum despite market ebbs and flows
Staking could be one of the main catalysts behind increased retail adoption.
, the second-largest crypto asset on the planet and the biggest network for non-fungible tokens and decentralized finance applications, remains a force to be reckoned with in the ever-changing crypto landscape.As per data from on-chain analysis firm Glassnode, the number of addresses holding a positive number of ETH tokens surged past 104 million, marking a robust growth trajectory since its launch nearly eight years ago.
Interestingly, retail investors exhibited significant interest in ETH’s long-term prospects. Data from Santiment highlighted that the supply amassed by wallets who held between 0-10 ETH grew considerably over the last four years. Often, individual crypto user trends are drowned out by the cacophony of whales and big investors. However, if crypto assets intend to become a preferred form of savings and a transaction medium, it’s imperative that they get accepted by the general public.Staking, which allows users to lock their ETH holdings in the hopes of earning yields, could be one of the main catalysts behind increased retail adoption.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Whales Increase ETH Holdings, Retail Investors Sell OffAccording to Santiment, the cohort holding ETH increased by 4.3% in 2021, resulting in a supply jump to 23.7%. However, retail investors have been selling off their holdings, indicating a divergence in sentiment towards the long-term value. Despite the increase in whale holdings, the high open interest in exchanges suggests that ETH may still face a decrease in the short term.
Read more »
Base L2 Project Witnesses $132 Million in ETH Bridged, Despite BALD's RugpullThe Base L2 project has seen a significant increase in activity, with developers deploying their products and millions of dollars worth of tokens being transferred. Despite a rugpull incident with the native memecoin BALD, the bridged value reached a peak during the last weekend of July. Active users and transactions on the network have continued to grow, with many users bridging their assets to access tokens on decentralized exchanges.
Read more »
Kitco News Launches Weekly Survey for Retail Investors to Predict Gold PricesKitco News is now asking retail investors to share their price target for gold prices in the following week. Readers can participate in the survey until Friday and the results will be released along with the market professional survey. Comments can also be sent to newsfeedbackkitco.com for a chance to be featured in the article.
Read more »
Canadians Divided on Retail Stores' Efforts to Prevent ShopliftingA recent poll shows that Canadians have mixed opinions on whether retail stores are doing enough to prevent shoplifting. The issue has gained attention as incidents of theft have increased in recent years. Some argue that stores need to improve their security measures, while others believe that shoplifting is a complex issue that requires a multi-faceted approach. The debate continues as authorities and retailers explore different strategies to tackle this problem.
Read more »
Stable Retail Landscape in Canada Despite Rise of Online ShoppingA recent report by CBRE reveals that the retail landscape in Canada remains stable, with strong performance in select retail formats and markets. Despite the pause in leasing activity for some retailers due to the current economic climate, good real estate continues to be leased quickly, resulting in limited vacancy. Personal service providers and fast-food restaurants are the top-performing retailers. However, supply issues persist, which could lead to further rent appreciation in the second half of the year. The reduced office occupancy due to the return-to-office story is also impacting nearby retailers.
Read more »