Ethereum, the largest altcoin continues to suffer the bearish winter within the crypto market. ETH slipped below the $2k mark following aggressive sell-offs from traders/investors. The number of addresses in loss ឈានដល់ an ATH of 34,966,535 as per Glassnode. Thus, showcasing the reason behind the event.
However, the altcoin has another ace up its sleeve- something that ETH relied upon.
ញញឹមឆ្លងកាត់ការឈឺចាប់
For starters, “ការបញ្ចូលគ្នានេះ” refers to the long-awaited upgrade to the Ethereum blockchain. The number two cryptocurrency would switch to a proof-of-stake model, a change that should eliminate concerns about Ethereum’s environmental impact. Likewise, improve its transaction speed.
To achieve the ‘deflationary’ status, and in line with the Merge, the said cryptocurrency kept destroying a portion of its own supply. In fact, the amount of supply last active 3y-5y reached a 5-month low of 18,579,468.002 ETH.
ប្រភព: វ៉ែនតា
ការរួមបញ្ចូលក្នុងពេលឆ្លងកាត់បានធ្វើឱ្យមានការពេញចិត្តយ៉ាងខ្លាំងចំពោះបណ្តាញ altcoin ដ៏ធំបំផុត។ នៅពេលដែលបណ្តាញ Ethereum ពន្លឿនការផ្លាស់ប្តូរឆ្ពោះទៅរក ETH 2.0 វិនិយោគិនបានត្រៀមលក្ខណៈសម្រាប់មុខងារភាគហ៊ុនដោយបន្តដាក់ប្រាក់ Ether ។
As of 30 May, the latest stats recorded an impressive figure. The number of staking ការដាក់ប្រាក់ ETH 2.0 contract addresses reached 12,711,363, and the staking rate has reached 10.72%. This means more than 10.72% of the ETH, currently in circulation is deposited in ETH2.
ប្រភព: oklink.com
លើសពីនេះទៀត, Ethereum network fees,at the time of writing, were the cheapest they have been in over ten months. The average ETH transfer fee slid to a low of ០,១៥ ដុល្លារក្នុងមួយប្រតិបត្តិការ.
បច្ចុប្បន្ន # អេត្រេស safe low gas price: 27 Gwei
Chart(7d): https://t.co/oUmmnTmUHt
Chart(24h): pic.twitter.com/GoA4e8ZFFe— Ethereum Gas Price Chart (@ETHfeeChart) ថ្ងៃទី 30 ខែ ឧសភា ឆ្នាំ 2022
The aforementioned factors could, indeed, help the flagship coin register a short rally soon. In fact, at press time, ETH did witness an 8% surge that aided ETH in crossing the $1.9k mark.
The question remains unanswered
ETH’s ambitious switch has met different roadblocks in terms of delays over the months. Recently, it មានបទពិសោធ a high-level security risk known as a blockchain “reorganization.” To make things worse, no definitive date has been released for the “much-anticipated” upgrade.
The question remains, until when can ETH depend on this “anticipation” to register some gains?
Source: https://ambcrypto.com/more-than-10-eth-deposited-in-eth-2-0-contract-but-heres-the-caveat/