Ethereum continues in the green, the cryptocurrency returned to $ 500 for the first time in more than two years on November 20. The network’s hash rate is also on the rise and has reached a new all-time high. Suggesting that more miners are joining the race to mint the second largest cryptocurrency by market capitalization.
At the time of writing this note, Ethereum continues in green, each coin is equivalent to USD 536, to establish its maximum value so far in 2020. Obtaining an increasing variation of 6.20% in the last 24 hours. This is pointed out by our internal tool, crypto online.
Ethereum last experienced these price levels in June 2018. In the midst of a bull run that led to its all-time high of more than $ 1,300. Since then it has seen some fluctuations, even dropping below $ 100 in June of last year.
Ether wallets with at least 1 ETH hit a record
Bitcoin’s (BTC) uptrend may be dominating the headlines, but the benchmark cryptocurrency is not the only currency showing strong positive indicators. And it is that, Ethereum continues in green and continues showing bullish movements.
According to data from Glassnode alerts, the number of Ether wallet addresses that have a low of 1 ETH reached an all-time high on November 19:
The number of #Ethereum $ ETH addresses with more than 1 coin reached an all-time high of 1,170,598.
“The previous peak of 1,170,508 was seen earlier today.”
It is worth noting that individual users can create multiple wallet addresses. Which means that the 1.17 million figure is not necessarily assigned 1: 1 to the number of users or entities.
In addition to reflecting bullish sentiment in the market more broadly, the high number of Ether holders could reflect two more factors. First, the popularity of decentralized finance and associated tokens that use the Ethereum network.
While the value of many of these individual tokens has taken a beating relative to their previous uptrends. The total dollar value locked into DeFi stands at a solid $ 14.05 billion as of this writing.
Justin drake believes Ethereum 2.0 Staking will be possible from Coinbase
Developer Justin Drake, who is a researcher at the Ethereum Foundation, hopes that companies like Coinbase will soon offer the ability to centrally staking Ethereum 2.0.
This is what Drake said in the last AMA meeting (“ask me anything”, for its acronym in English) that was held on the Reddit platform last Wednesday.
In addition, the developer said he is convinced that reliable decentralized pools will be put into operation in the medium term. Through them, you can staking Ethereum 2.0 and obtain interest, even if you do not have the 32 ethers (ETH) necessary to have a validator node.
In the current version of Ethereum, the blocks are validated by mining. In contrast, in version 2.0, there will be validator nodes. To become one of them, those interested can leave their coins locked in deposit and the protocol will assign, randomly, who will be in charge of validating the next block. For doing so they will receive a reward. This is called “staking.”
Crypto service provider Bitcoin Suisse hopes to offer its Ether staking services before Christmas, underscoring the company’s expectations of an imminent launch of Ethereum 2.0.Circle has partnered with the Bolivarian Republic of Venezuela and Airtm to distribute its USDC stablecoin. Organized with the support of the US government, the initiative has been conceived as a possible solution to Venezuela’s economic difficulties. Google has just completely revamped its mobile payments application, introducing a new look and a host of new features such as the p2p exchange, which could already be used in the United States.