The Currency Analytics
By Sydney TheCMO
Talk about the crypto industry in the final quarter of 2020 and there are two buzzing news which have taken the tinsel town by storm.
The Ethereum community is currently bustling with a record sum of wallets holding minimum 32 ETH.
It’s to stress here there is a staking condition behind the launch of Ethereum 2.0 on 1st December.
Looking at the increasing number of wallets holding the staking amount for ETH 2.0 launch, it can only be inferred that the Ethereum community can’t wait for the launch of the…
Alongside, there has also been a record rise in volumes of addresses holding minimum 10, 0.1 or 100 ETH- reaching to 293,183 addresses, 3,616,246 addresses as well as 52,943…
With the whole community eagerly waiting for the ETH 2.0 launch, the leading crypto asset is naturally raking up increasing interest from the whole crypto and finance industry.
The staking process has already started which has further led to a solid rise in Ethereum social engagement this week, especially over the past couple of days.
Again, the volume of ETH on crypto exchanges seems to have hit 1-year-low lately, reaching 15.8 million.
“A heavy drop in the volume of coins on exchanges is actually a good omen. It mostly happens when new buyers enter the market and scoop off the coins to cold storage.
ETH hash rate also reached an ATH last week, touching a whopping 270 terahashes.