Hi!! These days we have seen how the price of transactions on the ETH network fell considerably with the decrease in movement in DEFI.
In my opinion, people leave all ALTCOINs and go to the giant BTC. Until BTC lateralizes the price and stays in range for a few weeks, we will not see how alternative currencies recover capital.
We have seen HNY lose a large market capitalization, going from its ATHG 1300 approx to 400 usd at the time of writing. (A pity for me, that I swapped and provided liquidity to the HNY / STAKE pair).

I have a lot of faith in projects like HNY, or Neo's DEFI, Flamingo that have also been greatly affected by the increase in FOMO that we are having with BTC, all the fundamentals indicate that before the end of the year we will see a new historical maximum , but I am not so clear that this is so. We remember that there are still 3 important GAPs to close and although the movement is now very bullish at any time it is possible that we will see how BTC falls again. In my opinion until the year 2021 specifically in September that is when we see BTC take off with force, for now it is time to accumulate as much as possible at the lowest price, it is curious how the BTC holders always want the price to fall to buy cheap, ha ha ha. Instead of the price going up to make a profit.

We have seen how the NEO mint rush to obtain flamingo at the moment has not been very profitable since the price of NEO has fallen almost half in value today compared to the moment of the FLAM mint rush. This has not been a good investment so far. In the end you realize that in life there is nothing free, and that everything has its price. Sometimes money is paid and other times time and attention.

Well, given a review of these DEFI from Neo and XDAI now we are going to talk a little about ETH and its launch on December 1.
It is absolutely necessary that for the purpose of launching ETH 2.0 to be carried out, some premises are met.
7 days before the launch date it will be verified that at least 16,384 addresses have deposited 32ETH in the contract that makes them become validators, in order to carry out the proof of stake and leave behind the current proof of work. Although for a time both chains will exist. If the total number of ETH validating addresses is not reached, ETH 2.0 will be launched 7 days after reaching this figure. Right now there are more than 125K addresses with more than 32 ETH.

Being a validator of the Ethereum network brings with it a series of risks, since you can lose ETH if for example you try to support two chains at the same time, or if you do something fraudulent, they can penalize you, then you need to have your PC turned on. All times in case at any time you are required to approve something, if it were turned off you would also be penalized.
The first block or "GENESIS" block of ETH2.0 will not be discovered until there are stagnant 524,000ETH, approximately 16,000 validators. At that point they will begin to give the rewards, and in Phase 1 it is not reached until there is 5m of ETH in staking
When everything is ready to start, we will have to go from ETH to ETH2, at first two chains will coexist, the mining one and the POS one, we will have to do a swap.
If you are one of the lucky ones to own 32ETH then sign your validator contract here https://launchpad.ethereum.org/

In a few hours after its announcement we have seen an increase in the price of ETH by 7.4% and it does not seem so significant because the giant BTC is playing a leading role. But let's not lose sight of the great potential that the ETH network has and the important role it plays with its erc tokens and NFTs.

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