Santiment notices growth in active Ethereum addresses

by in Cryptocurrency News


Since the beginning of November, the Ethereum network has seen an increase in the number of unique addresses making daily transactions. The trend was highlighted by researchers from the Santiment team.

They tweeted that we are nearing peaks in the number of active Ethereum addresses in the last few months.

The previous record spike in activity was observed on October 16, when 446,810 wallets performed daily transactions (data from BitinfoChatrts). Now there are 384,025 active addresses on the network.

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According to analysts, capital has already begun to move from bitcoin to ether (ETH). The previous evening, the BTC correction began, the largest digital currency rolled back to 15,400.

Ether, on the other hand, is gaining in value today. The ETH rate on Saturday, November 7, rose to $ 457. Altcoin capitalization has grown by almost 5% over the past 24 hours to $ 51.652 billion.

Miners are already preparing for a more confident rise in the price of ether. ETH hashrate surged this week to a two-year high. Today the figure has jumped to 270.5 terahesh per second (TH / s). The last time the Ethereum hashrate was at this level is September 8, 2018.