The New Year holidays turned out to be successful not only for bitcoin, the rate of which has crept up to $ 35,000. Following its older brother, the ether exceeded $ 1,000 for the first time since the beginning of 2018.
Since the evening of January 2, ETH has grown by a third – at that time, the coin was trading at $ 720, and by the morning of January 4, it reached $ 1,090. It is quite possible that Ethereum will show a new historical record in the coming days. The previous one, we recall, is set at around $ 1,400 in mid-January 2018.
The growth of the ETH rate is not accidental – the hash rate of the Ethereum network has doubled since the beginning of 2020 and reached an all-time high. In addition, the number of available coins on the market has dropped to the lowest level in the last five years – ETH holders simply do not want to sell it. The CME Group’s recent announcement of the launch of Ethereum futures trading was also influenced.
Recall that at the end of last year, a gradual transition to Ethereum 2.0 began. On December 1, the “zero” phase of ETH 2.0 was launched in the form of the “signal chain” Beacon Chain. Within its framework, users block ETH coins for staking. 1.64 million ETH is currently blocked, which reduces the supply of cryptocurrency on the market. At the same time, according to analysts at Flipside Crypto, Ethereum 2.0 validators earn only 0.002792 ETH per day, and this figure decreases by connecting new validators.
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