Investors are accumulating ETH for the future, as they know that scaling and participation will eventually happen
The future of the Ethereum blockchain is highly dependent on solving scaling problems and introducing stacking. In recent years there has been an emergence of competing blockchains, such as Tron (TRX), Tezos (XTZ) and Zilliqa (ZIL). However, Ethereum remains the favorite of investors and traders in cryptography. ETH investors are confident that scaling and participation will eventually be implemented on the Ethereum blockchain.
Tips for a possible delay from Ethereum 2.0
In a June 2 progress report, Ethereum developer Danny Ryan explained to the ETH community that everything was on track for the launch of Ethereum 2.0. He also explained that there were many “moving parts” that needed to be put together before the final project launch.
“There are dozens of teams and hundreds of individuals working [na Ethereum 2.0] every day to make this a reality. The path we have chosen is difficult, but immense progress has been and continues to be made. ”
Investors are not bothered by possible delays in Ethereum 2.0 and are accumulating ETH
Reading between the lines of the statement above, one can conclude that there are some hints that Ethereum 2.0 may be delayed once again. However, Ethereum investors are playing the “long game” with ETH, as they know that the update will be released, regardless of whether it is on time or not.
In a recent comment on Twitter, the Arcane Research team revealed that 105 million ETH are held in portfolios with more than 32 Ethereum. They further suggested that the owners of ETH in these portfolios are anticipating stacking. So it is clear that Ethereum investors are playing the long game with ETH.
“95% of all ether (ETH) is ready for stacking!
The @nansen_ai data shows that 105 million ETH are held by portfolios with more than 32 ETH and are ready for stacking when the @Ethereum 2.0 update occurs. ”