Now that ETH 2.0 may be launching as early as December, as per information shared by Glassnode, a crypto analytics firm, activity on the ecosystem has been spiking.
News about the launch of the deposit contract has already been reassuring enough, despite some scepticism.
After the deposit contract news arrived, estimated 126,852 addresses reached at least 32 Ethereum, with whales climbing even further. In other words, 13% of addresses are currently holding at least 32 Ether.
Even minnows are banking, though, with 3,616,246 addresses, 293,183 addresses, and 52,943 addresses now holding 0.1, 10 and 100 ETH respectively. These numbers are likely to continue going one way, up.
However, should Ethereum miss the predicted December 1st mark, we may see another rapid slump in the turnout for ETH. Such fluctuations are quite natural and they are common occurrences in the blockchain space.
One of the expected developments should ETH 2.0 release on time is that it would see many new buyers rush in to secure more crypto tokens.
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