Ethereum, the second largest crypto asset in the world. It has become the latest digital asset to have a market cap of $500 billion. After the latest Bitcoin surge, Ethereum has seen a huge increase in demand over the past 24 hours.
followinformationlatestatPosted by Coinmarketcap Ethereum’s market cap surpassed $500 billion Wednesday for the first time in history. before dropping $474 billion after ETH price slumped to Bitcoin price.
In addition to the recent surge in the price of ETH, Demand among large crypto holders has also grown exponentially in the past few weeks, according to popular on-chain analytics platform Santiment. It shows that the top ETH addresses have increased their Ethereum holdings by nearly 14% over the past 10 weeks.
“The top Ethereum has been steadily accumulating ETH since the beginning of August. And it comes as no surprise to see asset number 2 approaching a record high over the past 10 weeks, addresses with ETH ranging from 1 million to 10 million ETH are up 13.9% in their wallets,” Santiment highlighted. last tweet
Ethereum is still one of the Cryptocurrencies The most efficient and in the top 5 of 2021, ETh’s price jumped from around $730 on Jan. 1 to a high of $4297 on May 12. ETH is up nearly 60% over the past 30 days.
Ethereum Crypto Market Index
due tomoveIn the Bitcoin bull market, Ethereum’s overall crypto market index has steadily declined over the past few months. However, the recent Ethereum boom has added to the world’s second largest digital asset market index. ETH currently accounts for about 17% of the total value of the cryptocurrency. cryptocurrencies
ETH’s on-chain, including active addresses, has skyrocketed this week. Amid the recent bull run, according to Etherscan, the leading blockchain survey and analysis platform for Ethereum, ETH 2.0 deposit contracts now have over 7.9 million ETH at stake, and the total value of coins deposited is now around 33. billion dollar
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