• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Bernstein Analyst Argues That the Favorite Altcoin Is Attractive for Purchasing
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Altcoin News > Bernstein Analyst Argues That the Favorite Altcoin Is Attractive for Purchasing
Altcoin News

Bernstein Analyst Argues That the Favorite Altcoin Is Attractive for Purchasing

vitalclick
Last updated: December 5, 2024 12:15 am
6 months ago
Share
SHARE

An analyst from asset management giant Bernstein, Ethereum $3,727He stated that (ETH)’s risk-reward ratio “looks attractive” due to ETH’s recent poor relative performance.

Ethereum’s Supply StatusThe Rise of Ethereum ETFs

Ethereum’s Supply Status

Gautam Chhugani, managing director of Bernstein’s global digital assets division, noted that total supply has remained largely static since the Ethereum network transitioned to proof-of-stake and adopted the burn mechanism.

He emphasized that Ethereum’s transaction fees provide a tidy return of around 3% to those staking ETH, resulting in approximately 28% of the ETH supply being locked in staking contracts. Additionally, approximately 10% of ETH is bridged in Deposit/Lending contracts on the blockchain and layer-2 networks.

“Ethereum’s infrastructural transaction fees provide a tidy return of around 3% to those staking ETH. This leaves approximately 28% of ETH supply locked in staking contracts.” – Gautam Chhugani

The Rise of Ethereum ETFs

Chhugani noted that Ethereum exchange-traded funds (ETFs) are gaining momentum, which could further strengthen the asset’s demand-dynamics. He also suggested that ETH ETFs may soon include staking returns.

“The ETH ETF approval excluded the ability of asset managers to offer underlying ETH returns to ETH ETF holders due to regulatory limitations. “We think ETH staking yield will likely be approved under the new crypto-friendly SEC.” – Gautam Chhugani

Finally, he noted that Ethereum’s blockchain activities are increasing, accounting for 63% of the network’s total value locked (TVL). TVL refers to the amount of capital invested in a protocol’s smart contracts and is used to measure the health of the crypto ecosystem.

While the analyst acknowledged that Solana (SOL) is ahead in terms of individual users, he noted that Ethereum is ahead on the institutional side.

Ethereum’s supply and demand dynamics appear to be positive overall. High staking rates and the rise of ETFs give positive signals for the future performance of ETH. Additionally, the high TVL rate on the Ethereum network indicates that the ecosystem is healthy and supports continued institutional interest.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Ethereum Price Drop Warning: Pay Attention to These Signals

Layerzero cooperation with ton: Integration between nets

A Big Storm May Break Out in the Altcoin Market! 3 Billion Dollar Tokens Are Being Released!

Investors’ Eye in these XRP news! The critical indicator is again at the same point!

LAST MINUTE: US White House shared this subcoin, what’s going on?

TAGGED:Altcoin
Share This Article
Facebook Twitter Email Print
Previous Article Ethereum Bulls in Action; Analysts Point to This Altcoin for the Next Big Wave
Next Article HYPE Sees Massive Surge Over 200% Since Launch, Hits $12B FDV
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?