ETH Accumulation Continues: Investors Are Preparing to Launch ETH 2.0
Kataryna Kovtun May 25, 2020
Investors continue to accumulate ETH. Recently, not only large but also small players have shown increased activity. Today, the largest altcoin is about $ 200 on the Bitxmi crypto exchange.
The coin at the end of last week on some crypto exchanges rolled back to $ 190, then there was a slight strengthening. On Monday, May 25, the capitalization of ETH is just over $ 22.422 billion.
An increase in investment in Ethereum was previously mentioned in the report of the investment company Grayscale. Only this company in 2020 bought 756 539 ETH.
At the moment, the company controls a little more than one percent of all coins in circulation. Clients of Grayscale are institutional investors who buy securities linked to the cost of Ethereum.
Previous ATH of 47,738.000 was observed on 22 May 2020
Previous ATH of 1,041,050.000 was observed on 23 May 2020
Small and Medium Players also Accumulate Coins
Analysts of the Glassnode platform drew attention to this trend. At the end of last week, the team presented data from which it follows that the number of addresses on the Ethereum network containing 100 or more coins reached 47,740. The number of wallets with one or more ETHs has exceeded 1.042 million.
Observers attribute the strengthening of investor strategy to the approaching launch of an updated version of Ethereum (ETH 2.0). The update should take place in the third quarter of this year.
ETH 2.0 is expected to become a more productive network and retain current blockchain users. It will also attract new developers to the ecosystem. In parallel, the value of the basic asset of the project will increase.
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