08/07/2023
Listen, lower supply equals bullish price, especially if demand is solid. And when we look at Ether's supply all signs are bullish
Staking is up 18%, holders are hodling strong, and 450K ETH just got pulled from exchanges!
Let's look more closely at staking, a solid gauge of demand. Why? One of the main perks of owning ETH is the annual staking yield of ~5%. If people are staking, it shows they're interested in earning more of it. So far 21M+ ETH staked, 18% of the total supply. We forecast 30% will be staked eventually, LFG!
If that wasn't enough, we have more bullish news for you! Check out this "ETH Liveliness" chart on Pentagon YT channel. It shows how much ETH is being moved around. The lower the better. People are choosing to hold rather than sell, further decreasing supply!
These factors has helped us brokerage Bitcoin on thesame chart, leading to more and more profits for our Pentagon Investors.