Valid Points: New Year, New Price Gains For ETH

Valid Points: New Year, New Price Gains For ETH

Bullish price activity has tipped the total value of ETH locked into Ethereum 2.0 past $2.4 billion. Find out what other network metrics have been impacted by ether’s latest price gains.

It’s safe to say that 2021 is off to a great start for Ethereum. 

Since ringing in the new year on January 1, the price of ether (ETH), the native cryptocurrency of the network, has appreciated 48% and surpassed the threshold of $1,150 for the first time since January 2018. 

On Ethereum 2.0, a higher ETH price means higher earnings for validators. However, it also means a higher barrier to entry for users wanting to become new participants of the network through purchasing and depositing 32 ETH.

(Data as of 1/5/2021 @ 18:20 UTC)

Source: Etherscan

While rewards earned by Ethereum 2.0 validators have stabilized over the last two weeks to around 0.008 ETH/day, the

Trending: Here’s Why It’s Not Over….and Why It Always Had To Be The Military

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend