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Analyst Adam Cochran has posted a lengthy 109-part tweet in which he shares his findings on the upcoming Ethereum 2.0 change. In these investigations, he focused primarily on the wealthiest investors and ETH holders to extract interesting insights from their behavior. Their results provide interesting insight into the entire Ethereum ecosystem and how it is preparing for the Proof of Stake (PoS) introduction.
The 10,000 richest ETH investors and what we can learn from them
Ethereum 2.0 will initiate the long-awaited change from proof-of-work to proof-of-participation protocol. For analyst Cochran and his team, this was reason enough to take a closer look at the current situation with the world’s second-largest cryptocurrency.
In doing so, they achieved a true Herculean achievement and manually verified the 10,000 richest ETH addresses. This allowed them to determine what is currently happening on the Ethereum network and where the money is going. The analysis findings extend to around 32 conclusions, of which we now want to take a closer look at one or the other.
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Ethereum is less centralized than many think
At first glance, upon examining the richest Ethereum portfolios, it appeared that ETH distribution was highly centralized. In the case of PoS, this would make it dangerously controllable and would be a reason for a bear market.
However, the analysis showed that a large part of this centralized inventory is held in smart contracts. In the DeFi area, some of them have large amounts of ETH to control decentralized financial services there. If these ETHs included in smart contracts are excluded, according to analyst Ethereum, the distribution is as decentralized as Bitcoin. Both BTC and ETH have the richest 10,000 wallets at approximately 56-58% of the total range.
Everyone wants one thing: ETH
Existing Ethereum Whales continue to accumulate at ETH. Others accumulate so much that they become whales themselves, while almost all of the main founders and developers still stick to their ETH. One thing shows that confidence in Ethereum’s future remains very high.
It is also obvious that many want to participate in PoS. This is not surprising regarding the results of the analysis. The analyst estimates that the initial income from the Ethereum (ETH) stake could generate a considerable dividend of 12-17% per year. These initial earnings do not take into account EIP-1559 burning or Ethereum rate hike. The bottom line is that it could be more than valuable to keep ETH or even gamble.
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So I guess we can call that conclusions:
Finding n. ° 4: ETH2.0 will probably return 12% -17% + initially
That is all
That is the tweet. pic.twitter.com/pIU4M7RzCM
– Adam Cochran (@AdamScochran) April 29, 2020
Cochan’s analysis clearly shows why Ethereum is currently one of the most popular irons on the market.
Do you want more information about the Ethereum study?
The findings shared here are, of course, only a small part of Cochan and his team’s extensive analysis. If you still want to know, like:
- How many ETHs are already considered lost?
- What other big companies are likely to invest in Ethereum?
- How are miners on Ethereum reacting to the threatened change from PoW to PoS?
- What other altcoins do Ethereum whales use?
Then you can read the answers to these and other questions in detail in this article. This should be an absolute must for any serious crypto investor!
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