Hive Up 6% This Week - Ethereum Up 8.4% (Phase 0 Close) Nice relationship this week in terms of an increase. If Hive at been one more cent up, we would have been almost in perfect step. Nothing to split hairs over - Hive is still a proxy!
This is going to be key over the next few weeks as Ethereum 2.0 Phase 0 comes into frution. This is the real beginning of them moving to Proof of Stake, which in its entirety will still take a few years.
This should have quite a positive impact on price as 500,000 Ethereum will need to be locked up for a couple of years, which will reduce supply. Very exciting times to be part of the leading public crypto miner in Hive!
https://cointelegraph.com/news/ethereum-2-0-deposit-contract-to-launch-this-week-consensys-dev