Ethereum price exceeds $600 amid confirmation of launch of ETH 2.0 in December

The ether rate grew rapidly as the deposit of the contract for the zero phase of Ethereum 2.0 was filled and crossed the $ 600 level immediately after reaching the required amount for launch.

Over the past week, Ethereum has risen by 31.7% andI have already passed the second psychological mark . At the time of publication, ETH is trading at $620 with a daily gain of 6.6%. The accumulation of the required amount (524 288 ETH) on the deposit contract of the second version of the cryptocurrency, confirming the launch of the genesis protocol on December 1, added confidence to traders.

Timely start of the zero phasequestionable due to weak initialcommunity participation. In the first week, only 50,849 ETH were deposited into the deposit contract. Many worried that the launch might be delayed for next year due to too slow fundraising. However, a few days before the deadline, the situation changed dramatically.

Tokens contributed by participants will be blockeduntil phase 1.5, which will combine the current cryptocurrency network with a new version of the blockchain and the Ethereum 2.0 sharding system. Its launch is scheduled for the end of 2021 — beginning of 2022.

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