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Around 29% of all Ether has been staked by investors, showing their confidence in the long-term value of the cryptocurrency. Of these, 15.3% have been locked in for over three years. Despite falling prices, enthusiasm for staking Ether continues to grow. Ethereum’s co-founder, Vitalik Buterin, has proposed lowering the minimum Ether required for solo staking to encourage broader participation.

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Just about one-third of all Ether has been staked by tokenholders, showing people are excited about the long-term prospects of this cryptocurrency and the potential rewards it could offer. Data experts IntoTheBlock pointed out on Oct. 8 that almost 29% of all Ether has been staked, indicating an increase of about 5% over the past 10 months.

15.3% of these staked funds have been locked in for over three years. This implies these tokenholders are confident about Ethereum’s future. Interestingly, even as enthusiasm for staking Ether grows, crypto prices have been dropping. While Ether had a pretty strong showing during the first half of the year, falling prices have marred its performance recently.

In March, Ether traded at a yearly high, above $4,000, but saw a 40% drop since then, currently hovering around $2,400. Market analysts believe that low demand and selling pressure from initial coin offering (ICO) participants may explain the decline. Over the first few days of October, the price of Ether dipped by 12%, erasing gains made in the previous fortnight.

Ethereum co-founder Vitalik Buterin has been talking about making it easier for people to stake Ether solo, advocating for a reduction in the minimum Ether required for solo staking. Currently, if you wish to stake independently, you would need 32 Ether, nearly $80,000. Buterin acknowledges that this hefty sum might put people off staking, limiting wider participation.

Source: Cointelegraph