Renowned on-chain analysis firm, Glassnode recently shared fresh insights and metrics on Twitter regarding Ethereum (ETH), the largest altcoin by market cap. Per their post, the 7-day moving average of ETH’s profitable addresses has surged to a new 11-month high of 63,933,355.435. This development highlights the growing profitability of ETH and its increasing adoption among investors.
Glassnode, a leading blockchain analytics firm, has reported that Ethereum (ETH) has achieved a new all-time high (ATH) regarding non-zero addresses. As announced on Twitter this morning, the number has surged to an impressive 96,039,880. This milestone comes after the previous 11-month high of 63,912,252.762, recorded on March 23, 2023. These figures demonstrate ETH’s continued growth and adoption, cementing its position as a leading cryptocurrency in the market.
The crypto market experienced a somber Monday, but today’s outlook is already brighter, particularly for ETH. According to CoinMarketCap, ETH is presently exchanging at $1,813.93, reflecting a 3.43% surge in value over the past 24 hours. During this period, ETH also attained a high of $1,853.89 and a low of $1,746.58.
The altcoin has demonstrated its resilience by gaining a 1.32% advantage over its major rival, Bitcoin (BTC), in the past 24 hours. Furthermore, ETH’s weekly performance remains impressive, with a gain of over 4% in the last seven days. These results showcase the altcoin’s potential to hold its own in the highly competitive cryptocurrency market.
ETH’s 24-hour trading volume has dipped into the red zone, settling at $10,824,571,720, following a 14% decline from the previous day. Regarding market capitalization, ETH presently holds a value of $222,012,423,954.
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