Bitcoin (BTC) Price to Reach $100,000 in Fifth ‘Stock-To-Flow’ Phase: Crypto Analyst PlanB

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Wed, 06/10/2020 - 12:43
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Vladislav Sopov
Seasoned blockchain analyst PlanB (@100TrillionUSD) has reflected on the four Bitcoin (BTC) price stages and revealed new targets
Bitcoin (BTC) Price to Reach $100,000 in Fifth ‘Stock-To-Flow’ Phase: Crypto Analyst PlanB
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In a nostalgic tweet, PlanB has reminded his followers of the primary symbols of the four Bitcoin (BTC) ‘stock-to-flow’ stages and demonstrated how they correlate with BTC price dynamics.

Road to $1,000: pizza, scandals, GPU mining

According to PlanB, the first two phases of the ‘Stock-to-Flow’ price progress model occurred between the release of the Bitcoin (BTC) protocol and the first reduction of miner rewards.

PlanB indicates the start of fifth Bitcoin (BTC) epoch
Image via Twitter

Mining on GPUs, the ‘Bitcoin Pizza’ deal with Laszlo Hanyecz and the involvement of the flagship cryptocurrency in the rise of Silk Road are among the symbols of this phase. In terms of price, all these crucial events occurred in sub-$1 waters.

Then, Bitcoin (BTC) reached the $1 level for the first time. During the second phase, the first crypto-to-fiat exchange Coinbase was launched and the first blockchain-based game Satoshi Dice was released.

The interval between $100 and $1,000 was marked with the emergence of Bitstamp, the arrest of Silk Road’s Ross Ulbricht and the tragedy of the MtGox collapse.

Standing at the threshold of the fifth Bitcoin (BTC) phase

Within the fourth ‘S2F’ phase, the Bitcoin (BTC) price entered four-digit waters. Adoption and legalization symbolized the first years of this stage. Bitcoin (BTC) was legally recognized in Japan and Australia.

In terms of technology, Bitcoin (BTC) went through its most popular forks (BCH and BSV), implemented Segregated Witness and Lightning Network to scale and the first Bitcoin (BTC) futures became available for trading.

The last periods of the fourth stage witnessed the ICO bubble and a rise of altcoins.

Thus, this May represented the start of Bitcoin's (BTC) fifth epoch. According to PlanB, the price of the king coin may surge to above $100,000 in the current ‘S2F’ stage.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)