Ethereum [ETH] has been on the receiving end of a lot of sell pressure, especially post the Merge. However, even after Ethereum’s decline in prices, validator interest and revenue had a different picture to convey. ____________________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Ethereum for 2022-2023. ____________________________________________________________________________________________ It should be noted that garnering interest from validators could […]
Despite Ethereum’s declining prices, validators stayed put through the turbulent time and proceeded to have faith in the Ethereum network as their number continued to grow.
Furthermore, despite the altcoin’’s price in a constant decline, staker revenue for Ethereum was observed to go up over the past few days. The total revenue amounted to $824 million as of 8 October. If the miner revenue keeps increasing over time, validators would be more incentivized to hold their staked ETH instead of selling it. This could prove to be a positive catalyst for Ethereum in the long run.But it’s not just stakers that showed interest in Ethereum. Some other factors too were responsible for the growth observed in Ethereum., a crypto analytics firm, Ethereum observed an all-time high in addresses holding more than one ETH.
This development could be attributed to not just interest from retail investors, but also an increasing interest from Ethereum whales., a platform dedicated to tracking crypto whales, stated that whales had been showing interest in the largest altcoin. In the🏆 Top 9 purchased tokens by 500 biggest
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