Ether Gains as Analysts Say Outflow Fears After Update Prove to Be Overdone

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Ether Gains as Analysts Say Outflow Fears After Update Prove to Be Overdone
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Ether is rallying after analysts said fears of rapid outflows following a highly anticipated software upgrade proved to be overdone

, update enables investors to stand in a queue to withdraw Ether coins they had pledged to help operate the network in return for rewards, a process known as

staking. And so far, 96% of withdrawal volume has been from users withdrawing their rewards instead of their entire stakes, according to researcher Flipside Crypto.

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