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Most Ethereum holders are certainly enjoying the recent returns seen from investing in Ethereum. This is because over 82% of the outstanding Ethereum supply is now in a profitable state.
Data seen by Nairametrics revealed that the number of Ethereum Percent Addresses in Profit (1d MA) just hit a 2-year high of 82.247%. The previous 2-year high of 82.220% was observed on September 2, 2020.
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📈 #Ethereum $ ETH Percentage addresses in profit (1d MA) just hit 2-year high of 82.247%
The previous two-year high of 82.220% was observed on September 2, 2020
View metric: https: //t.co/caVzUVoOt2 pic.twitter.com/WvGw6WhYrV
– glassnode alerts (@glassnodealerts) November 14, 2020
Methodology
Only external ownership (EOA) addresses are counted, contracts are excluded.
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What we know
Ethereum at the time of this report’s presentation was trading at $ 469.39 with a daily trading volume of $ 13,058,728,902 USD. Ethereum grew 1.46% in the last 24 hours Ethereum has a market capitalization of $ 53,236,818,706 USD. It has a circulating supply of 113,416,548 ETH coins and the max. the supply is not available.
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What to look for
The breakout of the $ 450 price support level represents a radical shift for the second most valuable cryptocurrency by market value, which was hovering around the $ 112 price level at the end of the first quarter following the market carnage. occurred following the devastating deadly virus.
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It should therefore be noted that Ethereum 2.0 is around the corner, as it will further increase Ethereum’s shift from the current proof-of-work to proof-of-stake model.
It will also optimize sharding techniques that will help accelerate transactions on the blockchain.
Explore the data on the Nairametrics research website
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