Ethereum 2.0 rollout report released by binance

[Harrydose]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

[Suslived]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

Job well done by the Ethereum devs, this has been a long time coming and even though it has been delayed for years now, it will still make a significant impact on the way ETH and proof-of-stake blockchains operate. It's quite exciting to imagine how much higher the value of ETH will rise when that happens.

I'm buying more ETH now before the hype train leaves!

[Ucy]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

I guess you mean the total staking value(and not market capitalization) in Crypto world will increase to $16billion.

$8billion worth of cryptocurrencies are being staked currently. So Ethereum switching to proof of stake will double the amount according to binance.
I wonder where the additional $8billion will come from. I think it is possible though,  but it's likely a long term thing.

[asriloni]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

I guess you mean the total staking value(and not market capitalization) in Crypto world will increase to $16billion.

$8billion worth of cryptocurrencies are being staked currently. So Ethereum switching to proof of stake will double the amount according to binance.
I wonder where the additional $8billion will come from. I think it is possible though,  but it's likely a long term thing.

The binance report said if that value will come from ethereum. I can assume if the writer is taking half of the currency circulating supply will be going to the staking address after POS migration.
I think that makes sense consider the total mcap of ethereum itself around 20 billion.
that's just an assumption that has already made by binance but the real implementation will be very different from it.
We can take the average coin that staked in the network from stakingreward site and a lot of big coins are getting more than 50% of coins already staked as the result.
In additional ethereum POS is offering an excellent reward and I think the price of ethereum will increase significantly.

[chaoscoinz]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

Sounds like great news, though I still don't quite understand fully how the implementation and methodology behind Ethereum staking yet, but I did watch a video or two about it. Everyone is excited and has been saying that we've finally returned to a Bull market, I wouldn't put all of my eggs into just one basket of course! The price of Bitcoin went up a little and so naturally some alt coins were soon to follow. I doubt I have enough Ethereum for it even to be worthwhile staking, but for the people that will benefit, Kudos! Hopefully the Bull will stay here for a little while!

[jootn2kx]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

This is exactly why claims that Ethereum will be killed are nonsense. With Ethereum 2.0, it will be years before any projects comes close to being as big and trusted as ETH. I'm quite interested in seeing what ETH will eventually evolve into.

[InwardContour]

Binance in their new report indicates that market capitalization is likely to raise to $16 billion, per the reports that the staking of crypto for a particular time period and getting rewards, approximately have accounts of $8 billion in the market activity. Ethereum on the verge to make it a double-figure. The report, Binance praises ethereum’s community as “first major study into staking, ” says that it could give a sharp spike in the crypto industry soon.

Source: TheCoinRepublic

Everyone is excited about ETH staking with the upcoming launch of ETH 2.0. If binance will support the staking function, other major exchanges will follow suit and that will be amazing. I'm looking forward to see more official updates on ETH 2.0 since right now many are just giving assumptions about it, some saying we need 32ETH in order to stake which might be true anyway. I hope this will be a new dawn for Ethereum.

[binhvo1505]

Do you guys think this is ironic?
We know that Binance has been removing tokens operating on Ethereum's platform on the platform.
So why are they saying so well about Ethereum? Is this conspiracy theories for manipulation? They have a lot of money and good conditions to do this. what do you think ?

[crazy-pilot]

I really like Ethereum, I am always happy to hear good news about it. The king of altcoins will soon prove to everyone again that he is the best of altcoins. I think we need to buy more ETH.

[sureshnsnet]

Really great to hear that news about ethereum 2.0 from binance, now I clearly understand about what big difference is going to happen once ethereum 2.0 going to be lunch next year. So this is the best time to buy ETH and planing to do POS in future.

[safari88]

Everyone is excited about ETH staking with the upcoming launch of ETH 2.0. If binance will support the staking function, other major exchanges will follow suit and that will be amazing. I'm looking forward to see more official updates on ETH 2.0 since right now many are just giving assumptions about it, some saying we need 32ETH in order to stake which might be true anyway. I hope this will be a new dawn for Ethereum.

if the requirement just 32 eth it seems too low and i think the amount we can earn with POS system will be low too
and this POS system is good for the people/company that has a huge amount of ETH

[o48o]

Since that source Coinrepublic or the op didn't link the original research (for some reason) here's the link: https://info.binance.com/en/research/marketresearch/rise-of-staking.html
It's deep and worth reading to make your own judgements and it's not just about Eth 2.0

[el kaka22]

Staking would of course have a huge effect on the price but do not think that its all staking coins that will be affected by this ethereum experiment, maybe some people who do not understand the difference may get hyped about staking right away but that is not whats going on here at all.

The reality is ETH is a coin that could create both dapp and also ICO which means some people who use ethereum smart contracts can give either games or lottery or new tokens and what not to others and get ETH funding in return and they will be basically getting more ethereum for just having ethereum which would result with founders of these projects getting richer and richer everyday just for holding their coins. This is why ethereum will see an increasing amount of interest once again.

[Casdinyard]

I could imagine eth surpassing $1000 ATH as soon as staking began as surely the demand and hype will be enough. So with this recent rollout, could we expect the staking to be in the first quarter of 2020?

Everyone is excited about ETH staking with the upcoming launch of ETH 2.0. If binance will support the staking function, other major exchanges will follow suit and that will be amazing. I'm looking forward to see more official updates on ETH 2.0 since right now many are just giving assumptions about it, some saying we need 32ETH in order to stake which might be true anyway. I hope this will be a new dawn for Ethereum.

if the requirement just 32 eth it seems too low and i think the amount we can earn with POS system will be low too
and this POS system is good for the people/company that has a huge amount of ETH

Are you serious? That will be roughly $5750 in current price and even have the same value for masternode and surely that value will increase as the staking comes.

[sana54210]

I am eagerly waiting for that period when Ethereum will roll out the product by next year and I believe that this will be a very good opportunity for the altcoin industry to recover once more. During this period that ico went bad Ethereum has really lost some value as some claim that they have a very outdated working product that people are no longer relying on that much because of the situation of the scammers that we have in the market.

Now that they have another idea of upgrading their platform with additional feature of staking, I think that there will be a very big breakthrough again for them as regards their value again, which the good thing about this project again is that it’s release is also targeted towards when bitcoin will be halving.

[bigcash2011]

That is exactly what i have been telling my friends, Ethereum is the best pick at the moment and there are high chances that next crypto bull run will be triggered by eth even before btc halving simply due to its massive improvements and upgrades that are coming in early 2020.

[takngantuk]

if binance believes that ethereum 2.0 will have an impact on the market, maybe we should also believe it. I hope this prediction is appropriate later, do not need 2x, the most important thing is there is enough increase for me. the current ethereum price is not up to standard and it is very influential on all projects that use the ethereum platform.

[Rodeo02]

if binance believes that ethereum 2.0 will have an impact on the market, maybe we should also believe it. I hope this prediction is appropriate later, do not need 2x, the most important thing is there is enough increase for me. the current ethereum price is not up to standard and it is very influential on all projects that use the ethereum platform.

Its possible to happen not only binance is waiting for 2.0 even low profile traders is also waiting for it. It will create hype in ethereum project the day it will release . Im expecting something new to offer to the public once   ethereum 2.0 release other than staking rewards.

[el kaka22]

I think 32 eth is still quite small considering people are spending a lot more for rigs right now. There are only few people mining ethereum compared to people who hold 32 ethereum. Many miners will keep their ETH when it is done, they may sell their rigs or actually use it for something else and if they do that it would be super profitable for them as well.

Think about it you mine ethereum and even make a debt right now for not selling the things you mined, then when staking happens you have hundreds of ethereum and then you mine something else and you sell ALL of it and that covers all your expenses plus a bit of the debt as well so in time you pay all your debt as well and eventually you are making both ETH from staking and other coins from mining at the same time with the same rig.

[mindrust]

Think about it you mine ethereum and even make a debt right now for not selling the things you mined, then when staking happens you have hundreds of ethereum and then you mine something else and you sell ALL of it and that covers all your expenses plus a bit of the debt as well so in time you pay all your debt as well and eventually you are making both ETH from staking and other coins from mining at the same time with the same rig.

"you sell ALL of it and that covers all your expenses"

I see a huge problem in this logic. The price might tank a lot and that's the main problem with eth since the beginning. There is no end to the supply. All these free ETH being gained by the holders will be dumped on the market for lambos till the whole system collapses.

This is a ponzi scheme. PoS is a ponzi scheme. 2.0 is not bringing anything new, they are re-inventing Ponzi.