untitled design

ETH has surpassed $ 1000 for the first time since 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.

You may also like

Ethena Labs project will hold an airdrop
Top News
David

Ethena Labs project will hold an airdrop

The Ethereum-based decentralized stablecoin (USDe) protocol team, Ethena Labs, announced an airdrop on April 2, 2024. We are excited to

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular