- EigenLayer didn’t ship the promised positive factors, says researcher Alex Obchakevich.
- The EIGEN token has climbed nearly 7% within the final 24 hours.
- Obchakevich claimed that EigenLayer customers questioned its transparency.
EigenLayer (EIGEN), a number one blockchain protocol centered on scaling whereas leveraging the Ethereum community, has failed to fulfill traders' expectations, claims Alex Obchakevich, founding father of Ukrainian-Austrian cryptoanalytics agency Obchakevich Analysis.
In a publish on threat. EigenLayer promised “innovation in liquid staking, producing excessive income for customers and reliability for traders” however didn’t ship, Obchakevich mentioned.
Associated: EigenLayer (EIGEN) Worth Prediction 2024-2030: Will EIGEN Worth Hit $10 Quickly?
Obchakevich mentioned that customers of the EigenLayer protocol anticipated giant returns from staking their property, however the precise returns had been considerably decrease, resulting in elevated discontent and finally the transparency of the venture was known as into query by the digital asset neighborhood.
The researcher additional mentioned that the digital property neighborhood suspected that insider buying and selling and market manipulation was rampant following the large $2 billion sale of EIGEN as soon as the token was listed on all main crypto buying and selling platforms.
In the meantime, Obchakevich sang the praises of Bracket Protocol, a brand new venture within the liquid betting market, which goals to deliver innovation to the sector. The researcher claims that Bracket “has no want to chase hype and artificially improve its viewers and TVL.”
Associated: EigenLayer Token Unlock Hits a Downside: Worth Drops and Safety Points
EIGEN Token Skyrockets 7%
The EIGEN token has climbed nearly 7% over the previous 24 hours and is up 15.45% over the previous seven days. In the meantime, the altcoin has surged 6.42% over the previous month and is buying and selling down simply 13.5% from its all-time excessive of $4.53.
The TradingView chart above confirms that the digital asset's accumulation has declined over the previous few days, however the slope of the road means that barely greater costs are attainable within the close to future.
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