BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

There Are Now 3.5X Ethereum (ETH) Non-Zero Addresses Compared To Jan’ 18 ATH Of $1,400

There Are Now 3.5X Ethereum (ETH) Non-Zero Addresses Compared To Jan’ 18 ATH Of $1,400
Despite Ethereum’s price nosediving by over 85% from the all-time high levels reached in January 2018, the interest in the second-seeded cryptocurrency by market cap is gradually increasing.
New data indicates that the number of non-zero ETH addresses has skyrocketed by over 350% since the time ETH reached its all-time high levels.
Ethereum Addresses On The Rise
Per information provided by GlassNode, the total amount of Ethereum addresses with a balance of more than zero has jumped to 40 million. The graph below illustrates that the interest in the asset has been rising steadily for over two years.
Ethereum Non-Zero Addresses. Source: GlassNode
 
The initial ascend of non-zero addresses coincided with the parabolic price increase of 2017 (second half) and January 2018 when Ethereum reached its all-time high level of over $1,400.
Interestingly, the creation of new addresses has not slowed down since then, despite the price plunging. The largest altcoin by market cap has lost over 85% of its value in this period and is now trading at approximately $200.
According to recent data from Weiss Crypto Ratings, Ethereum has more daily active addresses than both Bitcoin and Ripple (XRP).
Weiss added that “ETH actually has better user numbers than BTC on several key metrics, and XRP has been falling behind both.”
Institutional Investors Approve And Ethereum 2.0
Another indicative measure of the increased interest from investors came recently from the large digital asset management company – Grayscale Investments. The entity has purchased nearly 50% of all mined ethers in 2020 to cope with the rising demand from institutional investors.
In the company’s Q1 performance report, Grayscale outlined the upcoming release of Ethereum 2.0 , which could be the reason behind the rising interest in the asset.
When implemented, Ethereum 2.0 will complete the migration from the current proof-of-work consensus algorithm to proof-of-stake . The network update aims to address several current issues such as scaling, mining and consensual protocol, and some security problems.
Ethereum co-founder Vitalik Buterin recently noted that the release of the network should come in July this year. However, he later said that it was a misunderstanding , and the launch date of Ethereum 2.0 is still uncertain.



Enjoy reading? Please share:



Facebook


Twitter


Whatsapp


LinkedIn


Telegram


The post There Are Now 3.5X Ethereum (ETH) Non-Zero Addresses Compared To Jan’ 18 ATH Of $1,400 appeared first on CryptoPotato .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News


Buy Bitcoin online in ANY country, supporting 80+ Payment methods!