Ethereum has been a top performer in the crypto market this year, up 410% YTD even with the corona crash. I don’t expect this upwards momentum to stop anytime soon, there are a lot of factors coming into play that could continue this momentum such as ETH 2.0 Beacon chain launching Dec. 1st. That is huge news for the Ethereum network, possibly the biggest news since the inception of the coin. The network is switching from the PoW to a PoS where users can stake their 32 ETH to secure the network as well as make some nice yearly residuals doing so.
The 524,188 ETH required to stake the coin hit the threshold late last night, and this morning it has a little over 700,000 ETH staked in the 2.0 contract. The best is yet to come with the price, we think we’ve seen it all… I say the party hasn’t even gotten started. Think about all the FOMO that is about to happen.
It’s only hours away from Bitcoin hitting ATH price and from there hitting 20,000 and beyond should be a breeze. BTC should go back down a bit to maybe even $18750 before continuing its move upwards. All time high is coming and it is coming very soon and should reflect across the board in the rest of the crypto market. Dow Jones Index also just hit 30k today for the 1st time in history.
TP1 🎯 $617 TP2 🎯 $687
As always please do your own research, I am not a financial advisor.