Tag: eth2.0

Dec 18 2020

Ethereum Staked on the ETH 2.0 Deposit Contract Hits $1B in Value

Quick take: The value of Ethereum staked on the ETH2.0 deposit contract has hit $1B in value There is 1.54 Million Ethereum staked on ETH2.0 Ethereum deposits to the contract seem to be entering a plateau phase If ETH2.0 was ranked as a DeFi project, it would be in the top 10 in terms of value locked Ethereum looks set to break $700...

Dec 09 2020

Ethereum’s Correlation to Bitcoin Almost Doubles in 2 Weeks

Quick take: Ethereum's correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum's correlation to Bitcoin has since increased to 0.75 This is an increment of 178% in two weeks Ethereum's price is once again in bearish territory However, a bounce is likely with the bullish global events of a possible Brexit...

Dec 04 2020

ETH Held By the Top 10 Ethereum Whales Drops from 16.4% to 4.5%

Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one month This is a case of redistribution as more ETH addresses are created Whales transferring their ETH to ETH2.0 explains the redistribution further Ethereum is once again battling to reclaim $600 The amount of Ethereum held by the...

Dec 02 2020

Ethereum Addresses Holding One or More ETH Hits New ATH of 1,174,377

Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the progress of ETH2.0 and the potential of staking Ethereum The popularity of DeFi is also behind the increment of addresses holding at least one ETH The value of ETH has rebounded from yesterday's sell-off and is attempting...

Dec 01 2020

Binance and Coinbase To Launch Ethereum (ETH) 2.0 Staking

Quick take: Binance and Coinbase have announced their intention to launch ETH2.0 staking Staking on Coinbase will be launched in early 2021 ETH2.0 Staking on Binance will start tomorrow, December 2nd, with participants receiving BETH: a token redeemable with ETH when ETH2.0 launches ETH2.0 staking will most likely be a common feature on other exchanges The crypto exchanges of Coinbase and Binance have...

Nov 29 2020

Ethereum’s Price Could Rapidly Rise to $750 – Crypto Analyst

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly...

Nov 27 2020

Ethereum’s ETH2.0 Deposits Hit 148% of Required 524,288 ETH

Quick take: Ethereum investors continue sending ETH to the ETH2.0 staking contract This is despite the minimum threshold of 524,288 ETH been met 775,232 ETH is currently locked in the contract which is 148% of the required amount According to Weiss Ratings, the high deposits means everyone wants to get onboard Continual deposits is a clear sign of investor confidence in Ethereum The...

Nov 24 2020

Ethereum Deposits to ETH2.0 Contract Exceed the Required 524,288 ETH

Quick take: Ethereum deposits to the ETH2.0 contract have hit a total of 531,872 ETH This is 101.4% of the required amount for Phase 0 to kick-off A total of 16,621 validators out of the required 16,384 participated in the deposits Ethereum's price has benefited from the rush to deposit ETH to the ETH2.0 contract Phase 0 of ETH 2.0 is officially a...

Nov 21 2020

Ethereum’s Rise Above $500 Coincided With a Spike in ETH 2.0 Deposits

Quick take: Ethereum successfully broke the $500 price ceiling setting a 2 year high of $518 - Binance rate Ethereum's move above $500 also coincided with an increase in deposits to the ETH 2.0 contract The process is now 28% complete, up from yesterday's 20% Ethereum holders have until Monday, 23rd November, to send enough ETH to trigger Phase 0 by December 1st...

Nov 20 2020

Ethereum Tests $500 as ETH2.0 Deposits Hit 20% of 524,288 ETH Needed

Quick take: Ethereum finally retested $500 before falling back down to $490 levels This feat was accomplished as the ETH2.0 deposits hit 20% of the required 524,288 ETH for Phase 0 to kick-off Investors could increase the rate of their 32 ETH deposits as December 1st draws closer Consequently, ETH could rally a second time above $500 The digital asset of Ethereum (ETH)...

Nov 19 2020

Rate of ETH Deposits to ETH 2.0 Contract Points to a Jan. 15th Launch

Quick take: The rate of Ethereum deposits to the ETH 2.0 contract points to a January 15th launch 104,128 ETH has been sent to the deposit contract which is 19.86% of the required total amount However, events are not always linear and ETH whales could be waiting till the last minute to deposit their Ethereum Ethereum locked to launch Phase 0 will not...

Nov 10 2020

Binance CEO Hints at Buying 32 Ethereum to Support ETH 2.0

Quick take: Binance CEO, CZ, has hinted that he will purchase 32 ETH He explained the Ethereum will be used to support ETH development 32 ETH is the minimum staking requirement on ETH2.0 ETH2.0 needs at least 16,284 validator deposits of 32 ETH each to trigger Phase 0 According to CryptoQuant.com, the ETH deposits required seem to be dropping Binance CEO, Changpeng Zhao,...

Nov 08 2020

Ethereum’s Correlation to Bitcoin Drops to Early 2018 Levels

Quick take: Ethereum is once again attempting to break away from the market influence of BTC ETH's correlation to Bitcoin has dropped significantly and is in territory last seen in early 2018 The correlation could continue to drop as staking of the 32 ETH required for ETH2.0 intensifies Ethereum's value could eventually break $500 before December 1st Ethereum's correlation to Bitcoin is once...

Nov 04 2020

Ethereum is Set to Launch ETH2.0 Phase 0 on December 1st

Summary: ETH2.0 Phase 0 will be launched on the 1st of December v1.0 of ETH2.0's specifications are available online The mainnet deposit contract address is live A minimum of 16,384 32 ETH validator deposits are required 7 days prior to December 7 to trigger the genesis event of ETH2.0 The team behind the development of Ethereum's ETH2.0 has released an update on the...

Ethereum’s ETH2.0 Deposit Contract is Reportedly Live on GitHub

Summary: An Ethereum ETH2.0 deposit contract has been launched on GitHub There has been no official announcement from Ethereum developers The launch has been overshadowed by the US Election saga If the deposit contract turns out to be legitimate, the highly anticipated ETH2.0 is now a go A few hours ago, what seems like the Ethereum deposit contract for ETH2.0, was launched on...

Nov 01 2020

Ethereum Addresses Holding 32 ETH or More Hits New ATH of 125,540

Summary: The number of Ethereum addresses holding 32 or more ETH has reached a new all-time high of 125,540 Ethereum's current value provides an opportunity to accumulate ETH in anticipation of staking on ETH2.0 Ethereum staking pools are expected for those who cannot accumulate 32 ETH The number of Ethereum addresses holding 32 ETH or more has just hit a new all-time high...

Oct 24 2020

Ethereum (ETH) Addresses Holding Between $1 – $10 Rises to 15 Million

Summary: The number of Ethereum addresses holding between $1 and $10 currently stands at 15 million This is almost two times higher than those of Bitcoin holding a similar amount Ethereum continues to be the favorite for those transacting on the blockchain Ethereum has also dominated trending topics after ETH broke $400 The number of Ethereum (ETH) addresses holding between $1 and $10...

Oct 22 2020

Ethereum Stares at $420 Thanks to PayPal as ETH 2.0 Gathers Steam

Summary: Ethereum's value has received a major boost from the PayPal news Ethereum is one of the major digital assets that PayPal's crypto service will support ETH has since broken the $390 and $400 resistance levels with $420 up ahead Progress on ETH2.0 has continued to gather steam with a deposit contract expected any time soon The news of PayPal beginning to offer...

Oct 21 2020

Ethereum Whales Confident of ETH’s Price, Move Funds from Exchanges

Summary: The top 10 Ethereum whales have been moving their ETH from exchanges to non-custodial wallets Exchanges have seen a 20.5% decrease in ETH for the past 2 months The movement of Ethereum out of exchanges is proof that whales and retail investors are confident regarding ETH's long term value The price of Ethereum has received a major boost from the news of...

Sep 29 2020

High Revenue From ETH Fees is Attracting Miners to Join Ethereum

Quick summary: The popularity of DeFi and Decentralized Exchanges since June 2020, has led to Ethereum experiencing high ETH fees Miners are reaping big from these Ethereum transactions thus attracting new miners to the network The value of Ethereum will continue to benefit positively from the demand to pay transactions with ETH The team at Coinmetrics has released this week's SOTN (State of...

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