Ethereum has been showcasing bullish movement in the crypto market over the past weeks. This has indeed been beneficial to both HODLers and traders alike; however, it is more beneficial for traders.
Trade signal users report that they were able to trade and make profits. And, it has been a good run for crypto assets and that it was a real deal. Whether it will pull back in a few days from now or not; for now it is a profit making deal for ETH traders who know how to benefit from the trends.
With ETH the trend is on a daily increase. Investors from across the world are interested in cryptocurrencies and digital currencies looking to collect bigger gains.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Ethereum (ETH) have put in so much time and effort to make the beacon chain possible at minimum genesis. The network is striving to do their best. “
It took efforts from lot of developers, researchers and educators and community members who made it happen. Investors are hoping that the momentum should continue.
Vitalik in his tweet published some statistics about ETH2 deposits particularly about those that will go in to the genesis. Vitalik clarified that the statistics is based on the sender address and not based on verified identities. Therefore, it is important to keep in mind that address splitting or address sharing can be skewing the stats.
One of the users after looking in to the stats was wondering if users know that their stakes will be frozen for a minimum of one year. Some investors feel that it is the best way to HODL.
Some of them who missed the staking were wondering if it is still possible to be part of genesis? Further queried on whether they can still join in phase 0 or have to wait until the next phases? Probably it is almost over.
Ethereum (ETH) and Nakamoto Coefficient of 25
When someone asked is the Nakamoto coefficient of 25 considered low? Obviously this number isn’t too meaningful yet since we’re just getting started.
Vitalik responded stating, actually I would say it’s higher than most in crypto! I’m pleasantly surprised.
In turn the curious user stated, that’s certainly true! It’ll be interesting to watch how the coefficient will change over time. Further added, as more platforms roll out delegated staking, which effectively bundles multiple participants into a large one on chain (barring implementation), do you anticipate most stakers will use these delegations for the reduced user friction? Despite the penalty policy discouragement.