Ethereum 2.0 is a long-awaited Ethereum upgrade, one that will convert Ethereum’s consensus mechanism from proof of work to proof of stake. Beacon chain remains the core of the Ethereum 2.0 chain, which is set to merge with the existing Ethereum chain and replace miners by July this year.a 16-month high. I.e. the number of tokens required to run a validator node. However, with so many exchanges offering staking services, investors can stake with fewer than this amount.
“At peak, Ethereum traded at 33x P/E, it now trades at 123x P/E. If ETH traded at 33x P/E today, it would trade at $360.” Here, PE represents the Price/Earning ratio. This, as per the trader, remains an “expensive” level, as observed by an 18 July tweet. For the uninitiated, significance of PE matters little in bull markets, but is what bottom setters look at closely in bear marketsbut is a good metric to judge relative fundamental value between periodsSubscribe to get it daily in your inbox.