Digital assets are still the instruments, investors plan to explore when the market behaves unexpectedly. The investors were curious about the Ether tokens too. They explored the PoS (Proof of Stake) by acquiring millions of worth of tokens. This made them the validators of Ethereum. However, this is giving them heavy losses. The smart contract of Ethereum was live from December 2020. Gradually, the investors locked 13 million worth of Ethereum without any certainty of the actions. The amount was huge enough to affect the value.
The Ethereum tokens don’t have a date on which an investor can redeem including a yield of 10%. According to Glassnode’s analysis report, more than 60% of the Ethereum tokens came into deposit before Ethereum’s price was in the bull run. The rest were collected after the price was at its peak. This action made the smart contracts reach a value of more than $35 billion. On contrary, the value has come to less than $20 billion in the span of 8 months.
What does the future hold? Bull run or Bearish pattern?
Ethereum tokens have made more than 30% for the investors of the smart contract. It is a matter of speculation that the market will now run on a bullish or bearish pattern. The investors are yet reluctant to hold their investment as the graph doesn’t show any positive changes. In the end, it is going through a breakdown that can affect people at large. The danger is yet to revolve around the graph.
