Ethereum price rose by more than 400 per cent last year, though ETH benefit addresses just hit a 2-year peak.

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As Glassnode points out, the price of Ethereum seems to have been very lucrative for its owners in the past. At the moment, the number of ETH addresses that are currently at a loss (presumably because ETH has not exceeded ATH) has been at its lowest level in the last two years. Meanwhile, the number of lucrative ETH addresses has been at its highest level in the last two years.

 

 

Ethereum price offers significant returns for investors

According to Glassnode, the number of ETH addresses still at a loss has been at its lowest level in the last two years, touching 3,598,370,625. Meanwhile, the number of lucrative ETH addresses reached a two-year high of 3,625,054,500 – an amount that was observed on 31 December 2020.

Not to mention the ETH is coming to the CME in less than 40 days. This is utterly big meaning that the institutions will have a way to get the DeFi & Ethereum economy exposed to this bull ride First they’ll load up. Then they’re going to shill their views on ETH.

Elsewhere, ETH is predicted to outperform BTC in 2021. ETH rose by more than 400 per cent last year, surpassing USD 700 for the first time since 2018. Not only was it a price-wise year, but the network also had several testnets – several of which were more popular than others – on their way to the much-promised Ethereum 2.0 (ETH 2.0), resulting in the announcement of the Deposit Agreement, followed by the first phase of ETH 2.0, Phase 0, in December.

The main discrepancies between Ethereum and Ethereum 2.0 include the use of the Proof of Stake (PoS) consensus system, the shard chains, and the beacon chain….The first step, or phase 0, will be devoted to the release of the beacon chain since it is central to the functionality of the shard chains.

The next step is basically a combination of two phases: phase 1 and phase 1.5. Phase 1 will add shard chains that will allow the validators to build blocks on the blockchain by Proof-of-Stake. The final step will be phase 2, which is where Ethereum 2.0 will embrace fully developed shards and become the official Ethereum network….Ethereum 2.0 is an important update to the Ethereum network for a range of reasons, especially when it comes to scalability.

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