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Almost 9% of Ether is Now Locked in The ETH 2.0 Deposit Contract

ByLouis Adams

Mar 21, 2022 #Ether
Reading time: < 1 minute

According to Delphi Digital, 8.56% of the total Ether supply is currently locked in the ETH 2.0 deposit contract. Experts positively assess this trend due to the fact that the number of investors in the network is growing, expecting its breakthrough development this year.

At the end of Q2, there should be a merger of the two versions of Ethereum. The developers promise the software update will make Ether a deflationary asset.

Ultimately, this property of the crypto will push its value up, as demand from buyers will increase, while supply, on the contrary, will decrease. Within a few months after the release of the updated version of the blockchain, the reward for validators will increase from 4.5% to 10-15%.

Last night, the price of ETH fell to $2,867. However, in weekly terms, the capitalization of the altcoin increased by more than 12% to $344.269 billion.

Whereas the coin still has been unable to surpass the $2,900 resistance level, the current value of the cryptocurrency allows 73% of Ethereum addresses to earn income from their investments.