Excellent news regarding the implementation of Phase 0 of Ethereum 2 as 244,928 ETH have been deposited and are ready to be staked on the next Ethereum mainnet that is expected to be launched on December 1st. I remind everyone that the network needs at least 524,288 ETH staked before the Beacon Chain can ship securely. Therefore we are now at 46% of Ethereum amount needed to launch the POS mainnet.
In the meantime, other excellent news have been reported by the on-chain alerts account Glassnode via twitter, the number of ETH wallet addresses hodling 1+ Ether has been constantly growing since April 2021 and registered an All Time High of 1,170,598 addresses on November 19th, 2020.
In my previous analysis I have already listed the numerous reasons for the recent ETH bull run, such as the approaching launch of the ETH 2.0 POS consensus mechanism, the fact that Paypal and Mastercard will soon enable Bitcoin and crypto payments (including ETH) on their platform, the growing hype around decentralized finance, the news of the upcoming coronavirus vaccine from Pfizer and Moderna that is pushing stock exchanges up.
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