Due to the existence and correlation of liquid collateral derivatives, the unlocking of Ethereum tokens may not be a negative event for ETH.Experts believe that unlocking ETH tokens when counterfeit coins are 50% lower than their historical peak will be a small matter
- Due to the existence and correlation of liquid collateral derivatives, the unlocking of Ethereum tokens may not be a negative event for ETH.
- Experts believe that unlocking ETH tokens when counterfeit coins are 50% lower than their historical peak will be a small matter.
- The supply reduction and bullish momentum of Ethereum have driven Ethereum to break through its previous range highs; Experts predict a rebound to $2000.
The transition of Ethereum from proof-of-work to proof of equity (PoS) is the last major upgrade of the counterfeit currency blockchain. Next is the Shanghai hard fork and token unlocking. The transition to PoS eliminated 70000 ETH tokens from the circulation and supply of counterfeit coins.
Experts are optimistic that the price of Ethereum will rise to $2000 and believe that unlocking tokens will prove to be a small matter, as pledgers can choose to invest ETH in liquid collateral derivatives.
Ethereum token unlocking may not be related to the LSD token narrative
AI advocate and cryptocurrency analyst Adriano Feria believes that the bear market case of ETH token unlocking ignores the existence of liquid collateral derivatives and assumes that the pledgor lacks 100% liquidity when entering Shanghai.
Stackers are considered staunch holders and certainly do not intend to sell during bear markets. Unlocking the pledged ETH token when the counterfeit coin is 50% lower than its historical peak makes it a non event. Re pledging ETH's downwind can help counterfeit currency maintain its deflationary trend.
As ETH token unlocking approaches, LiquidStacking tokens are making a comeback. Since March 22nd, Lido has taken the lead in new ETH pledged deposits with 45600 ETH, accounting for 36.4% of 7-day ETH deposits.
LiquidStacking tokens are beginning to recover, providing alternative solutions for selling ETH at a loss
Due to Ethereum's price being close to 50% of its historical peak, verifiers unlocking its pledged ETH are likely to face unrealized losses. The LiquidStacking project did not achieve a loss and sold ETH at a price lower than the purchase of tokens, but instead provided substantial returns, and its tokens have shown a significant rebound since Tuesday.
FraxEther recently revealed that despite losses, agreement revenue is still increasing, and the upcoming ETH token unlocking has become a bullish driver for the loosely linked Ethereum stable currency. The funds waiting to be unlocked will help reduce the execution risk of Ethereum and eliminate fear, uncertainty, and doubt about the new LiquidStacking project and its tokens.
Ethereum supply plummeted nearly 70000ETH
The supply of Ethereum has plummeted with the merger of counterfeit coins or the transition to PoS. Nearly 70000 ETH tokens have been withdrawn from circulation, effectively reducing the selling pressure on the second largest cryptocurrency by market value.
The decrease in the number of tokens in circulation is usually considered beneficial for assets.
Can Ethereum's supply reduction drive ETH to rebound to $2000?
The decrease in Ethereum's supply is one of the bullish drivers of counterfeit coins. Pentoshi, a cryptocurrency analyst on Twitter, predicts that Ethereum prices will rise to $2000. After retesting on Tuesday, the largest counterfeit coin rebounded above its previous range high. According to experts, rebounding above $1778 is a bullish signal.
Breaking below the previous high point of the range may invalidate the bullish argument for smart contract network tokens. Pentoshi is optimistic about counterfeit currency as it has quickly recovered from the regulatory crackdown on the largest cryptocurrency exchange in the ecosystem, Binance.
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