Ethereum missed out on this week’s crazy price movements. For the last couple of days, Bitcoin has dominated the bigger crypto market, making gigantic strides almost crossing the $73,500 mark for its best in recent months. Other altcoins have also followed that trajectory as SOL and DOGE trail Bitcoin.
As Bitcoin retests a new high this October, lags, even touching a low of $2,322 last October 3rd. Since then, Ether has slowly inched its way up the price charts, reaching as high as $2,721, before re-tracing the $2,500 level.
🧵 Crypto Network Dynamics: Analyzing Address Activity, Transaction Volume, and Market Dominance Trends.
1/4: Ethereum leads in active addresses with 43%, reflecting strong network activity. Tron follows at 21%, signaling its growing user base, with Tether and Toncoin also…
— IT Tech (@IT_Tech_PL)
Analysts say Ether’s recent move is due to increased on-chain activities. Based on IntoTheBlock data, Ethereum’s blockchain has seen an increase in addresses, beating other ecosystems. The blockchain accounts for 43% of all active addresses, leading other popular blockchain projects like
Ethereum Addresses Dominate
The active addresses in a blockchain are an important metric that analysts check to gauge the blockchain’s popularity. According to , the Ethereum blockchain remains the leader, accounting for 43% of all active addresses.
ETH is currently trading at $2,510. Chart:
Tron comes in second, with a 27% share of all active addresses. TON by Telegram is also in the Top 5 list of InTheBlock as of October 1st, and it offers an interesting picture of an increasing user base.
Other tokens making significant inroads in active addresses are USDT by Tether and Toncoin. Analysts say this data indicates Ethereum’s dominance, particularly in adoption and network activity.
Recent data from active addresses reveal that currently, Ethereum is the most active blockchain. The strength of demand and interest for DeFi projects, dApps, and even NFTs can be ascribed to activity in its ecosystem.
As some blockchain analysts note, improving network activity and adoption often increases prices. ETH can surprise with increased active addresses and prevailing market conditions. Other on-chain data support the blockchain. For example, its Exchange Supply Ratio is down to 0.141 from 0.145, increasing accumulation.
What To Expect From Ethereum In The Next Few Days
Currently, which has a weekly gain of 3.74%. There are also an increasing number of active addresses and strong uptrend. Analysts predict ETH to retest the mark of $2,800 in the coming weeks or months.
Featured image from Bankrate, chart from TradingView
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
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Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!
So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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