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Ethereum 2.0 is on Proof-of-Stake

Oct 29, 2019

A published Binance Research study says that Ethereum’s transition to the Proof-Of-Stake (PoS) consensus algorithm will double the value of the staking involved assets. Colleen Myers from the Brooklyn startup ConsenSys claims that after the Ethereum 2.0 launch, validators will be able to expect 4.6% -10.3% per annum for staking.

“With Ethereum’s upcoming transition to PoS, staking is expected to occupy an increasingly significant market’s part. As more and more infrastructure’s participants support staking, the ecosystem will be able to further develop, ” - said Binance Research.

Earlier, we talked about the growth potential of ETH/USDT in the area of ​​222-240, and this scenario is still a priority. In addition, the price is still held above the lower boundary of the rising channel, confirming the buyers’ ability to growth continue.

The stochastic technical indicator also indicates growth potential, while it hasn’t reached the overbought zone yet. Traders need to consider the MA 200 proximity, which can act as resistance.

A $203 mark is the immediate goal for buyers.

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