Ethereum price rose by more than 400 per cent last year, though ETH benefit addresses just hit a 2-year peak.

Spread the love

As Glassnode points out, the price of Ethereum seems to have been very lucrative for its owners in the past. At the moment, the number of ETH addresses that are currently at a loss (presumably because ETH has not exceeded ATH) has been at its lowest level in the last two years. Meanwhile, the number of lucrative ETH addresses has been at its highest level in the last two years.

 

 

Ethereum price offers significant returns for investors

According to Glassnode, the number of ETH addresses still at a loss has been at its lowest level in the last two years, touching 3,598,370,625. Meanwhile, the number of lucrative ETH addresses reached a two-year high of 3,625,054,500 – an amount that was observed on 31 December 2020.

Not to mention the ETH is coming to the CME in less than 40 days. This is utterly big meaning that the institutions will have a way to get the DeFi & Ethereum economy exposed to this bull ride First they’ll load up. Then they’re going to shill their views on ETH.

Elsewhere, ETH is predicted to outperform BTC in 2021. ETH rose by more than 400 per cent last year, surpassing USD 700 for the first time since 2018. Not only was it a price-wise year, but the network also had several testnets – several of which were more popular than others – on their way to the much-promised Ethereum 2.0 (ETH 2.0), resulting in the announcement of the Deposit Agreement, followed by the first phase of ETH 2.0, Phase 0, in December.

RECOMMENDED READ:  Bitcoin Breaches $26,500 to Record New ATH, Eyes $27,000 Next

The main discrepancies between Ethereum and Ethereum 2.0 include the use of the Proof of Stake (PoS) consensus system, the shard chains, and the beacon chain….The first step, or phase 0, will be devoted to the release of the beacon chain since it is central to the functionality of the shard chains.

The next step is basically a combination of two phases: phase 1 and phase 1.5. Phase 1 will add shard chains that will allow the validators to build blocks on the blockchain by Proof-of-Stake. The final step will be phase 2, which is where Ethereum 2.0 will embrace fully developed shards and become the official Ethereum network….Ethereum 2.0 is an important update to the Ethereum network for a range of reasons, especially when it comes to scalability.

 606 Interactions,  4 today

READ ALSO:
The Nigerian Securities and Exchange Commission (SEC) claims that the central bank’s crypto ban has caused business disruption.

The Nigerian Securities and Exchange Commission says it is collaborating with the central bank to develop a regulatory system for Read more

Finance authorities dismiss cryptocurrencies, in the wake of Coinbase’s IPO celebrations

Economic gatekeepers are taking a closer look at blockchain as mainstream coverage of the Bitcoin bubble and Coinbase listing intensifies. Read more

Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

RECOMMENDED READ:  If Uniswap is your king, here is why you should make  SushiSwap your queen too
Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Leave a Reply

Contact Us