American private wealth management firm Bernstein said in a research report Monday that the new crypto cycle will depend on this altcoin.
According to Bernstein, the altcoin project that plays an important role in the next rally
In a new research report, Bernstein shared that he expects the pressure on zero-yield bank deposits to continue. Firm analysts say this makes Ethereum (ETH) returns more attractive.
According to analysts Gautam Chhugani and Manas Agrawal, there is currently an escape from bank deposits to the US Treasury money markets. However, experts suggest that as the ETH yield economy becomes more prevalent, demand for cryptos will increase.
The report also mentioned that high returns are the primary choice for investors. However, the majority of them are currently controlled by fiat currencies such as the US dollar.
On the other hand, validators who are Ethereum network participants see a waiting period of about a month for installation. “Any hard landing that leads to a drop in rates and a depreciation of the US dollar will instantly make ETH returns in ETH extremely attractive,” the note reads. Ether yield is expressed as ETH. The network remains deflationary with recent spikes.
“New crypto cycle will be about yield this time”
Analysts wrote that these returns are directly linked to Ethereum ecosystem activity, which continues to see increased adoption by both individual and institutional investors.
“The new crypto-to-crypto cycle will be about yields this time,” the report said. Ethereum shares everything it earns with stakers. It also does not dilute monetary policy.”
Bernstein said that Ether staking trends have exceeded expectations after the Shanghai upgrade. He also stated that the amount of ETH staked as a percentage of total ETH has reached around 15%, an increase of 2% since the upgrade, addressing oversupply concerns.
cryptocoin.com You can take a look at the Bernstein reports of the past weeks, which we have quoted as
Lido started releasing ETHs
In hot news, after the upgrade offer was approved, Lido (LDO) announced that it has launched its V2 distribution on May 15.
With the V2 deployment, Lido introduced two key components, “users issues with withdrawals from Ethereum.” According to Lido, this feature will allow Stake ETH holders to withdraw their holdings directly from the Lido platform in a 1:1 ratio.
The second component introduced with the V2 upgrade was the Staking Router. This component is an innovative modular infrastructure that allows for seamless development of ramps for new Node Operators. The Lido team wrote at this point:
The Staking Router will act as the core of the Lido vision: a platform where stakers, developers and node operators can collaborate seamlessly and drive the future of a decentralized Ethereum together.
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