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Following the Successful Launch of ETH 2.0 Testnet Steklo, ETH Gets Closer to a New ATH of $3000

Ethereum (ETH) continues its rally, registering a 5% growth/day. Currently, ETH is being traded at a new ATH of $2,946. Its market cap is worth $340 billion. This means that passing the $3,000 level is more likely than ever.

The price of ETH has increased across this week by about 35%. At the same time, the number of active ETH addresses is also on the rise, reaching historic highs.

Also important is the fact that Ethereum 2.0 Testnet Steklo was successfully released, representing the first full Proof of Stake communication between different Ethereum clients.

Among the ETH 2.0 clients, we can name Lighthouse, Teku, Prysm, and Nimbus. ETH1 clients such as Netherland, Besu, and Geth have also taken part.

Diederik Loerakker, the developer of Ethereum 2.0, declared:

“The testnet is in quite an unstable state right now, and more a tool for devs to debug clients today. We’ll run more user-centric testnets in the coming weeks, once things stabilize enough. Good work everyone on this first devnet, we made a lot of progress in testnet setup and client integration.”

This represented the first time that ETH 1 and ETH 2 clients were able to communicate with one another. It is estimated that the merger will officially happen on December 1st.

Source: Coingape.com

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