Active Ethereum headlines hit a record high this week
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Answer Active Ethereum headlines hit a record high this week
Ethereum continues to expand as the second largest cryptocurrency by total market capitalization after Bitcoin.
It shows a graph provided by the famous analytics company”glass“The number of active Ethereum addresses has shown a record high that has started to grow steadily upwards since the beginning of this year.
This week witnessed a noticeable, large and accelerating increase, as the number of Ethereum addresses increased to 701,974 addresses on April 21 from 518,270 registered on April 15 (the price of Ethereum on April 21 was $2,358).
A similar spike was last recorded in January 2018, according to the same chart provided by Glassnode.
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The next day, on April 22, 2021, the second largest cryptocurrency ETH reached a new all-time high of $2,575 on cryptocurrency exchange Bitstamp.
The sudden rise in prices was partly driven by the launch of three Canadian Ethereum ETFs on the Toronto Stock Exchange exactly on April 20th.
But since then, the price of Ethereum has declined, and the currency is currently trading at $2,208, according to “CoinMarketCap” data, after Bitcoin dropped below the $50,000 level, which made the cryptocurrency market as a whole depreciate.
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