HODLeeers!
A few days ago we talked about the fact that Ethereum is going to be more scarce in the coming months as the Ether locked in ETH 2.0 will be withdrawable in no less than one year. This factor is causing a drop in the supply of ETH which, combined with other bullish forces in the market, is pushing the price of Ethereum higher.
The amount of Ether staked on the ETH 2.0 blockchain is growing steadily and today 3,047,362 ETH are staked, which corresponds to almost 3% of the Ethereum circulating supply (114,637,811 ETH is the total circulating supply).
So more and more Ethereum have been removed from circulating supply and locked in ETH 2.0. In your opinion, the time is ripe for a new Ethereum All Time High or you are expecting a retracement?
Earn crypto engaging in a crypto-centric social network:
Join Torum, the first social media platform specially built for cryptocurrency communities around the world, and earn XTM (XTorum) rewards for your daily and weekly engagement. XTM is the ERC-20 utility token of the TORUM ecosystem and will be listed on exchanges in May or June 2021. Read Torum Whitepaper to figure out XTM token utilities and the potential of the platform: https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V2.0-EN.pdf. Sign up using my referral link and earn 75 XTM airdrop after email and phone verification: https://www.torum.com/signup?referral_code=makeitreal
