The price of Ethereum exceeds $ 600 due to the confirmation of the launch of ETH 2.0 in December

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The ether rate grew rapidly as the Ethereum 2.0 phase zero contract deposit was refilled and immediately broke the $ 600 level after reaching the required launch amount.

In the last week Ethereum has grown by 31.7% and has already passed the second psychological mark. As of press time, ETH is trading at $ 620 with a daily gain of 6.6%. The accumulation of the requested amount (524,288 ETH) on the second version of the cryptocurrency deposit agreement, confirming the launch of the genesis protocol on December 1st, added confidence to the traders.

The timely start of phase 0 was questionable due to the weak initial community involvement. In the first week, only 50,849 ETH was deposited into the deposit agreement. Many fear that the launch may be delayed until next year due to the slow flow of funds. However, a few days before the deadline, the situation changed dramatically.

The tokens provided by the participants will be blocked until phase 1.5, which will merge the existing cryptocurrency network with the new version of the blockchain and the Ethereum 2.0 sharding system. Its launch is scheduled for late 2021 – early 2022.

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