Ethereum prices expected to go up as ETH 2.0 nears launch
There has been a lot of talk over the future of Ethereum and $ETH that have left experts debating whether it is suitable to hold the Crypto or to invest somewhere else. Point to be noted is that Ethereum has performed quite well since the start of this year knowing that it was valued at $140 at that time whereas now its trading near to $380 at the time of writing. Even with the massive 170% increase in value in just 10 months, it is nowhere near the All-time high for the Crypto which was $1,448. According to DeFiPulse, there are almost 9 million ETH, which is almost 8% of the entire supply, locked across various DeFi protocols. Clear signs of ETH HODLing from various investors has confirmed that the community believes in the potential of the new ETH 2.0 launch. With these investors slowly increasing their ETH, either for this reason or to access the DeFi market, reports have come in that a lot of Ethereum is being transferred to Non exchange wallets which confirms that HODLing is the key game here.
Digital currency platform Santiment has recently shared that 10 of the largest ETH addresses have transferred their assets into non exchange wallets. With the speed and timing of the transfer, one thing is clear that those investors have a definite price confidence in $ETH. This even led to a 20.5% decrease in tokens on exchanges in the past two months. Lead developers have reported that before this year ends, we could be seeing something bigger in store for Ethereum which signifies that the testing phases are almost complete with the launch of the real thing nearing. Reports by Crypto Potato have confirmed this news as well. As far as the price is concerned, experts have labelled this an accumulation phase where people are just gearing up for the main event calling its ROI better than that of Bitcoin’s. As far as the predictive analysis is concerned, a move above $400 is expected once the official release date of Ethereum 2.0 is announced. One thing is certain. Once things start nearing, traders and HODLers are definitely going to want to get involvement in the Crypto.
At the time of writing, the second largest Cryptocurrency in the world has a total circulating supply of 113 Million ETH and a market capitalization of $43 Billion. As for the value, it had been trading on $385 at the start of the week before taking a dip into the $360’s before jumping straight back into $380. But a longer data history shows that it is slowly reaching towards that $400 mark. What is your opinion on this story? Is $ETH going to break the $400 mark or will it fall again? When will ETH 2.0 be released? What is the future of the cryptocurrency? As always, please feel free to share your thoughts with us and we will be sure to feature you on our platform. Until then, why not keep updated with Ethereum’s price and trade it on a well performing exchange? Check out Tyslin Exchange to join in the action. We can guarantee that there will be some big changes in the near future. Until then, Stay safe and keep trading!