"ETH investors are tired of waiting for the price to rise."
Looking to excite Ethereum (ETH) cryptocurrency holders, Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ) hinted that the price of the digital asset could potentially rise.
This is because the amount of ETH locked on the Beacon chain has reached an all-time high of 19 million digital assets plus the total locked value (TVL) has increased to $27.7 billion.
Please note that the following milestones can have a positive impact on ETH, where its price is likely to skyrocket in the near future.
According to CZ on Thursday yesterday, the amount of locked ETH could lead to a decrease in the total number of tokens available in the market and further push the price of the digital asset to climb.
Explained in more detail, a reduction in the supply of cryptocurrencies such as ETH can cause the price of the digital asset to soar in the future if demand remains unchanged or increases.
While the crypto community believes that the situation may continue as many investors will seek to participate in the benefits of ETH staking such as better returns and increased capital.
As of this writing, ETH price is down 3.23% at $1,769 in the last 24 hours with a market cap of $212 billion and has slipped around 6.91% over the last week.
