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Ethereum Price Is Losing Its Grounds! ETH Whales Diversifying to These Altcoins!

The post Ethereum Price Is Losing Its Grounds! ETH Whales Diversifying to These Altcoins! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide









Ethereum has been off to a rough start this year as it has wiped out $1,500 in its valuation. Though the star altcoin dominates with great human capital, other altcoins have been growing faster. The total monthly developers across the cryptoverse hit a record high of 18,000 and as usual, the king altcoin retained the highest number. 



Though the Ethereum network holds the largest human capital that its rival networks, they are catching up with a rapid rate of development. This might be one of the major reasons why ETH whales are looking out for other altcoins to make their investment. 



According to the recent report revealed by Electric Capital , ETH rivals like Polygon, Solana, Binance Smart Chain, Polkadot, and Terra are evolving faster in terms of development.



Veterans across the cryptoverse pondering over the problems associated with Ethereum, and favoring other altcoins which have had significant growth in 2021.



Ethereum Whales Looking For Other Altcoins! 



Another interesting data that has been creating a lot of media buzz is been ETH whales accumulating stablecoins and other altcoins. Recent analytics from the whalestats has revealed that the top 1,000 non-exchange ETH wallets capitulated a huge chunk of dollars worth of USDT , USDC , and Binance USD over the past week. 





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