Ethereum Addresses With Non-zero Balance Records New ATH

• Ethereum addresses with a non-zero balance reached an all-time high of 84,381,102.
• The price of Ethereum rose to an all-time high of $4,878 last year.

There are now more Ethereum addresses with non-zero balances than ever before, according to statistics from on-chain analytics firm Glassnode. According to Glassnode, the total number of Ethereum addresses with a non-zero balance reached an all-time high of 84,381,102.

Intriguingly, public trust in the crypto asset has become stronger in recent months, paving the way for wider adoption. It’s one of the crypto projects that has gained a lot of traction amongst developers because of its practical applications. Decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn (P2E) games are among the many uses for the Ethereum network that developers have in mind.

Investors Optimistic of Price Rally

Transaction fees for these Ethereum-based cryptocurrencies are often paid in ETH. Eventually, when adoption soars, this will put the currency in a better position for a rally. Ethereum’s potential has been recognized by investors, who have purchased large quantities of the asset class in anticipation of a future surge.

The price of Ethereum rose to an all-time high of $4,878 last year, giving investors a taste of what to expect. The value of ETH has fallen 69 percent from its all-time high. However, at the same time, the number of people using ETH has skyrocketed recently. Ethereum’s latest price movement was analyzed by Santiment, a crypto analytics business that monitors the market data of over 2,000 digital currencies.

Santiment stated:

“#Ethereum had an up and down Sunday, jumping above $1,640 before dipping back down to $1,540. The trading crowd continues to not believe the hype, and is expecting prices to fall heading into the #FOMC meeting. $ETH should continue to stay volatile.”

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