Almost 9% of Ether is locked in the ETH 2.0 deposit contract

by in Cryptocurrency News

Ethereum

8.56% of the total Ether supply is locked in the ETH 2.0 deposit contract. Experts positively assess this trend, as the number of investors in the network is growing, expecting its breakthrough development this year.

At the end of the second quarter, there should be a merger of the two versions of Ethereum.

The developers promise that the software update will make ether a deflationary asset.

Ultimately, this property of the cryptocurrency will push its value up, as demand from buyers will increase, while supply, on the contrary, will decrease. Within a few months after the release of the updated version of the blockchain, the reward for validators will increase from 4.5% to 10-15%.

Trending: Pakistani authorities will collect taxes from traders and crypto companies

On the night of Monday, March 21, the ETH rate fell to $2867. However, in weekly terms, the capitalization of the altcoin increased by more than 12% to $344.269 billion.

The coin cannot yet cope with the resistance of around $2900. However, the current value of the cryptocurrency allows 73% of Ethereum addresses to earn income from their investments.

Only 24% of wallets with different amounts of ETH are in the red, according to the data from the IntoTheBlock platform.