login
register
Dec
6, 2022 18:22
Ethereum's price rise outpaces Bitcoin's rise
While Bitcoin is up 2.26% in 24 hours and 1.64% in the past week, Ethereum is up more than 4% in one day and nearly 8% in the past 7 days. The most of that growth, from $1215 to $1280, was achieved in less than 30 minutes, which is more than 5%. Now, Ethereum has declined slightly, but it still retains a lot of potential to strengthen.
Experts are still debating the reasons behind ETH's outperformance compared to BTC. But, in general, they admit that the growth of crypto market favorites may continue and Ethereum has a chance to significantly increase its achievements.
For example, Santiment, which analyzes blockchain data, reported in a tweet that the number of active Ethereum addresses reached a six-week high. The company believes that this explains the cryptocurrency's outstripping growth.
In addition, it was previously noted that the number of Ethereum addresses containing between 100 and 100,000 ETH reached a 20-month high. And this indicates the accumulation of funds, which will certainly support the growth of the coin.
Henbbo Foundation also reminds that the last time active ETH addresses reached such levels (mid-October), the price of Ethereum showed the maximum growth of 30% in 3 weeks. Naturally, a growing market offers much more opportunities for profitable investments.
Henbbo - smart investment will change your life!
