Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on August 18, 2021, 10:54:01 AM
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Ethereum, the world’s second-largest cryptocurrency, saw a sharp rise in its price since the start of August 2021 amid a jump in retail demand. The results of the latest surge are evident in Ethereum’s address activity.
According to the latest data posted by crypto tracking and analytics firm Santiment, the amount of daily new Ethereum addresses has reached the highest level in nearly 4 weeks. New users are creating ETH addresses at a rapid pace near the $3,000 price level of Ethereum.
“Ethereum is hovering at the $3,000 level right now, and behind the curtains, we’re seeing that network growth has been steadily rising this month. New addresses being created on the ETH network is a nice leading indicator of where prices move next,” Santiment mentioned.
Ethereum’s popularity among retail investors has increased significantly since the start of 2021. According to a recent report published by Gemini, in partnership with Coinmarketcap and Seedly, Ethereum is the most popular cryptocurrency in Singapore. Nearly 78% of crypto holders in Singapore are currently holding the world’s second-largest cryptocurrency.
More Information (https://cryptonews.net/en/news/ethereum/1468993/)