Although the recent rally appears to have slowed down for a while, Ethereum price It is still on the rise, showing its resilience as a powerful digital asset. The cryptocurrency sector is currently undergoing significant changes and ETH, once considered a simple digital asset, is now seen as an ideal choice for a store of value and treasury asset.
SharpLink CEO welcomes Ethereum as the king of finance
Amid Ethereum's continued upward trend, a new debate is brewing among prominent figures and institutions in the dynamic financial landscape. This debate coincides with the growing belief that ETH could be the next big thing in cryptocurrency finance.
Joseph Chalom Co-CEO SharpLink GamingAfterwards, it caused a huge stir in the cryptocurrency community. declare Ethereum is a superior financial asset compared to Bitcoin, the leading digital asset. Chalom is the biggest name in tokenization and believes that both Bitcoin and Ethereum are dominating the sector. “I think there’s a role for Bitcoin in everyone’s portfolio, and there’s a role for ETH,” he said.
But the CEO put ETH ahead of BTC as a smarter long-term choice for corporate finances, beyond just digital reserves. Chalom's statement means: Ethereum is a more dynamic store of wealth Its utility-centric ecosystem, staking yields, and rapid integration across decentralized finance make it ideal for modern businesses.
One of the main reasons Chalom is so well received ETH A better financial asset than BTC depends on its pronounced volatility, with the altcoin having a volatility of 40%. Although it's unclear, the CEO said that spot ETFs have resulted in a lot of BTC being held without trading, reducing BTC's volatility.
As a result, Chalom believes ETH is an ideal store of value because it is more productive and deflationary, which are key factors to consider when building digital treasury. Another factor outperforming ETH Bitcoin Staking is in progress. Owning and staking ETH also offers several benefits.
According to the CEO, staked ETH is equivalent to the revenue of a listed company because it is traded based on valuation. Chalom also revealed that large investors holding billions of dollars worth of ETH can participate in the DeFi ecosystem and make a difference. Large holdings allow these investors to raise the bar in DeFi and create beneficial incentive structures through kingmaking protocols without taking on more risk.
Huge amount of ETH staked within this week
Since early this week, on-chain data shows a significant amount of Ethereum has been staked. Specifically, this large-scale ETH staking is being carried out by a representative asset management company. grayscaleThis signals growing institutional confidence in the long-term potential of the network.
like reported Written by Ted Pillows of According to Pillows, the retailer is exiting liquidity on the BNB chain meme while it is on Ethereum. smart money It is establishing itself. “It goes without saying that most people lost money this cycle,” the cryptocurrency expert added.
Featured image from Pxfuel, chart from Tradingview.com
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