Congratulations! for Ethereum lovers Ethereum 2.0 Beacon Launched !
It's over 12 hours already after the first Beacon chain of the Ethereum launched to the world thru the new mainnet. This change will be enhancing the speeds for the transactions on the Ethereum network. Things are accordingly processed in a good condition on the Beacon chain ,but there are servere fluctuations on Ethereum market price after the launch in December 1st, 2020 (8.00pm) the UTC.
Despite to this fluctuation, it reveals that the 32 ETH continuously added to deposit contract of the Ethereum 2.0 (0x00000000219ab540356cBB839Cbe05303d7705Fa).This means there are many more investors interested in this staking program and continuously move their funds to the Ethereum 2.0 deposit contract. Even though the ETH are being freezed for at least 2 years to secure the network, but investors may think about their long term benefits, as this staking program would return them a very high APR.
If you think the 32 ETH is too much for joining on your own, don't worry. Some exchanges offer their clients to join staking . For example, BINANCE has launched support for the Ethereum 2.0 , with Binance, you can start with only 0.0001 ETH ! Binance will provide you BETH at 1:1 to ETH amount, once the funds are unlocked, you can redeem ETH by swapping out your BETH holdings.
For the time of this report, it is now already 927,426 ETH to the deposit contract and many more are coming to the Ethereum 2.0. You could track Etherscan and Beaconscan if needed. This should be one of reasons to the fluctuations on ETH during the past hours. Since it is in the transition period, fluctuations is something normal and can be happened.
