JRNY Crypto
The long awaited ETH2 is finally coming to it’s final stages of testing and is near launching phase 0 staking. With the launch of staking, ETH holders will be able to stake their ETH coins for a monthly reward paid in ETH.
Ethereum has delayed the launch of ETH2 staking for quite a while now and many are still reluctant to believe it will ever happen, but according to developers on Twitter, it is closer than many would imagine.
Ethereum Developers Say ETH2 Is Close
On April 17th multiple Ethereum developers tweeted about the Topaz testnet which represents the full ETH2 phase 0 mainnet configuration. This testnet will test deposits of the minimum 32 ETH required for staking. If all goes well, we should see ETH2 phase 0 launching in quarter 2.
What Does This Mean For The Price Of ETH?
Many people are anticipating the launch of Ethereum staking and stacking ETH in preparation. 2020 has been a great year for ETH so far and has been the top gainer out of the top 3 crypto’s nearly every time there is any movement.
In the beginning of 2020, it was announced that over 1 billion dollars had been locked up in DeFi and this is increasing rapidly. With the launch of ETH staking, there will be even more ETH locked away. This will remove A LOT of the ETH in circulation and create an increase in demand for the cryptocurrency coin.
With demand increasing and supply decreasing, chances are ETH will be one of the best performing crypto assets of 2020.
