Trending...
- Michigan: Governor Whitmer Makes Appointments to Boards and Commissions
- Michigan: I-69 project in Clinton and Eaton counties begins the week of Aug. 2
- Michigan: COVID-19 cases connected with Faster Horses Festival; attendees who are not fully vaccinated urged to get tested
DETROIT, July 21, 2021 /PRNewswire/ -- Benzinga, a fintech media company providing news and data to retail investors and cryptocurrency traders, publishes its latest data study: Data Suggests Ethereum Investors Are In For The Long Run, Despite Bearish Price Movements.
Data shows that more validator nodes are being created on Ethereum than ever before. Intuitively, this makes sense. It costs 32 Ether to create a validator node on the ETH2 testnet, which cost over $130,000 when ETH was trading above $4,000.
Ethereum staked on Ethereum 2.0 cannot be withdrawn until Ethereum's mainnet migrates to proof of stake in the upcoming ETH2 upgrade. However, there isn't a set date that Ethereum plans to upgrade, and it's likely that this won't happen until 2022.
More on Michimich.com
About 5% of Ethereum's total supply is currently locked into the ETH2 testnet. At current prices, the aggregate value of this staked Ether is around $10 billion. As more Ether gets staked on ETH2, less supply will be available for sale on exchanges.
Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin's ROI in 2021 for more data like this.
Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.
SOURCE Benzinga
Related Links
www.benzingapro.com
Data shows that more validator nodes are being created on Ethereum than ever before. Intuitively, this makes sense. It costs 32 Ether to create a validator node on the ETH2 testnet, which cost over $130,000 when ETH was trading above $4,000.
Ethereum staked on Ethereum 2.0 cannot be withdrawn until Ethereum's mainnet migrates to proof of stake in the upcoming ETH2 upgrade. However, there isn't a set date that Ethereum plans to upgrade, and it's likely that this won't happen until 2022.
More on Michimich.com
- City of Sterling Heights announces new "Break-Free Blast" series of events for remainder of 2021
- Horizon Global to Present Virtually and Host Investor Meetings at Jefferies Virtual Industrials Conference August 4
- Vandi Lynnae Announces New Single 'Dancing Through The Rain'
- Banks Hardwoods Produces Educational Short Film for Hardwood Lumber Industry
- Michigan: US-41/M-28 signal work in Ishpeming next week
About 5% of Ethereum's total supply is currently locked into the ETH2 testnet. At current prices, the aggregate value of this staked Ether is around $10 billion. As more Ether gets staked on ETH2, less supply will be available for sale on exchanges.
Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin's ROI in 2021 for more data like this.
Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.
SOURCE Benzinga
Related Links
www.benzingapro.com
Filed Under: Business
0 Comments
Latest on Michimich.com
- NTEA calls on Congress to repeal the Federal Excise Tax
- Fulvic Humic Acid for Gut Health from Age Immune
- Centaris again ranked on Channel Futures MSP 501
- Michigan: Video highlights positive impact of MDOT's Transportation Diversity Recruitment Program
- Michigan: MDHHS, Food Bank continue Flint mobile pantries during August
- Michigan: MDHHS highlights We Treat Hep C Initiative progress in recognition of World Hepatitis Day
- MDOT virtual public meetings Aug. 3 and 4 to discuss draft Michigan Mobility 2045 plan
- Data CRO Expands its Virtual Learning Portfolio with New Life Sciences Courses in Inspection Readiness and Clinical Programming
- NEOGEN Launches Reveal® Q+ for Δ9-THC in Hemp
- edjuster Partners with StaySafe to Deliver Workplace Safety Solutions to Lone Workers in Field Service Claims
- Duke Defense Expands Operations Beyond Byrna
- HTC Global Services Announces Appointment of Nitesh Bansal as President and COO USA - English USA - English USA - English USA - English
- Gov. Whitmer Secures Commitment from Financial Industry Groups to Assist Michiganders Affected by Recent Flooding
- Diabetes continues to be one of top causes of death in the United States
- Bitcoin Short Squeeze Caused Over $1 Billion In Liquidations
- Horizon Global Announces Date for Second Quarter 2021 Results Conference Call
- Michigan: Homeowner Assistance Fund, Single-Family Mortgage Revenue Bonds Receive MSHDA Board Approval
- MPSC approves natural gas pipeline project that will improve reliability for customers in northern Michigan
- Michigan: Stoplog failure alters water levels at White Cloud Dam
- Michigan: Governor Whitmer Announces Support for Ford's Global Battery Center of Excellence in Romulus