Retail investors are racing big, as well as owning a stake in the world’s second most valuable cryptocurrency by market value. Its rise was not surprising to many cryptocurrency experts in the crypto-verse, as the rise of DeFi Crypto has partly helped the use of Ethereum reach an all-time high along with the fact that it is now trading over $ 400.
According to reports recently released by Glasscode, the number of Ethereum (EOA) addresses holding at least 0.1 ETH just crossed the 10,261,111 million mark for the first time.
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The previous ATH of 10,258,944 was observed today
View metric: https: //t.co/XXb0u19ouH pic.twitter.com/P4QdVy2yNh
– glassnode alerts (@glassnodealerts) October 26, 2020
“The increase in gas usage indicates continued growth in the use of the Ethereum platform, as measured by the number of transactions, as well as the demand for block space, measured by gas per transaction,” said Wilson Withiam, a research analyst at data provider Messari.
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Data from Coingecko at the time this report was written showed that Ethereum was trading at $ 408.30 with a daily trading volume of $ 11 billion. The price of ETH has fallen -1.6% in the past 24 hours. It has a circulating supply of 110 million coins and a maximum supply of ∞ coins.
Done fast; Ethereum is a cryptocurrency designed for decentralized applications and smart contract implementation, which are created and managed without any fraud, interruption, control or interference from third parties.
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Ethereum is a decentralized system, completely independent and not under the authority of anyone. It has no pivotal point and its platform is connected to thousands of users through their computer system around the world, which means that it is next to impossible for Ethereum to go offline.
Gas is the token that powers the Ethereum blockchain. It is the standard used to calculate the number of charges an individual must pay to transact on the Ethereum blockchain.
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As with many other crypto assets, speculating with Ethereum can be highly profitable and has had a good track record of giving its investors huge returns. However, there are also many other options to make money from Ethereum. These options include Ethereum mining, Ethereum taps, and Ethereum staking.