Ethereum Non-Zero Addresses Reach New All-Time High
The number of Ethereum non-zero addresses has reached an all-time high of 104,127,318. This indicates that more people are using the Ethereum network, which is a positive sign for the price of Ethereum. Here are the key points to understand:
– More addresses mean more people are using the network.
– Ethereum is leading in terms of applications in the crypto industry.
– The growth in addresses is driven by the popularity of DeFi protocols and NFTs built on the Ethereum blockchain.
– The number of addresses has doubled in the past two years, showing significant adoption of ETH.
– This increase in non-zero addresses is similar to the recent surge in non-zero Bitcoin addresses.
More Addresses Means Increased Network Activity and Adoption
The growing interest in trading, smart contracts, DeFi, and NFTs will continue to drive the number of Ethereum users and non-zero addresses. This is especially relevant as the industry may be on the verge of a bull run.
– The surge in addresses indicates increased network activity and adoption.
– The Ethereum community is on the cusp of a possible bull run.
– Long-term faith and HODLing by investors are reflected in the high amount of Ethereum supply last active within a seven to 10-year timeframe.
Bullish For The Price Of ETH
Historically, major rallies in Ethereum’s price have coincided with an increase in new addresses on the network. As mainstream interest and adoption of Ethereum grow, the value and price of Ether (ETH) are likely to increase.
– Non-zero addresses indicate increasing activity and can create buy pressure.
– Investment companies planning to launch Ethereum futures ETFs could also contribute to a spike in ETH’s price.
– Currently, ETH is trading at $1,852 and is aiming to break above the resistance at $2,000.
Hot Take
The surge in non-zero addresses on the Ethereum network is a positive sign for the price of ETH. With increased network activity, adoption, and potential investment products, Ethereum has the potential to experience significant price growth in the future.
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