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Ethereum (ETH) has hit more news records that ETH 2.0 could launch as early as December 1, according to crypto analytics firm Glassnode.
Today’s launch of the deposit agreement introduced the ability for users to deposit 32 Ether needed to participate in staking. The genesis of the ETH 2.0 beacon chain will take place on December 1st if at least 16,384 deposits of 32 ETH each are received. This is a total of 524,288 ETH, or about $ 200 million.
Hours after the news was published, the number of Ethereum addresses holding at least 32 Ethereum reached an all-time high (ATH) of 126,852. Before the latest increase, this figure had hovered around 123k since June of this year, with only fluctuations in hundreds of addresses.
This means that approximately 13% of all addresses that currently hold more than 32 Ether will need to participate in order to start staking. If this amount is not reached, the launch will be postponed until seven days after the threshold is reached.
The number of addresses containing at least 0.1, 10 or 100 Ether has also increased to record levels of 3,616,246 addresses, 293,183 addresses and 52,943 addresses, respectively, indicating an increase in the accumulation of speculators and potential validators.
The number of Ether held in the exchanges also just hit a one-year low of 15.8 million. Referring to Bitcoin earlier this month, crypto statistician Willy Woo said so you think that when the number of coins held in exchanges decreases, “it’s a sign that new buyers are arriving to collect the coins from the markets and transfer them to cold storage.”
Ethereum’s exchange balance has shown a bart pattern over the past decade similar in scale to the months leading up to the 2017 bull run. Other signs may also be linked to this period, with the last time Bitcoin’s price reaching $ 14,000 and Ethereum hit $ 400 simultaneously was near the end of the run in mid-January 2018.
Ethereum’s hash rate also hit an ATH last week at 270 Terahash or 270 trillion hashes per second.
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