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Home Tech Crypto Ether wallet addresses with at least 1 ETH hit record high

Ether wallet addresses with at least 1 ETH hit record high

Document Analysis NLP IA

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positive
sentiment

Sentiment0.12122779519331
objective
redaction

Subjectivity0.46648119122257
probably it's an affirmation
Affirmation0.365

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FREQ, RAKE or TFIDF
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Summary (IA Generated)

The Bitcoin (cointelegraph.com/bitcoin-price-index” rel=”noopener noreferrer”>BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators.

According to data from glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov.

#Ethereum $ETH Number of Addresses Holding 1+ coins just reached an ATH of 1,170,598.

As of press time, Ether is trading at over 0, continuing a strong upward trend that kicked off at the beginning of November.

As well as reflecting the bullish sentiment in the market more broadly, the high number of Ether holders could reflect two further factors.

First, the popularity of decentralized finance, or DeFi, and associated tokens that use the Ethereum network.

While the value of many of these individual tokens has taken a beating relative to their earlier bull runs, the total dollar value locked in DeFi remains at a strong $14.

As Cointelegraph‘s market analysts reported earlier today, Ether’s current price represents a two-and-a-half-year high, bring the coin to an overall outperformance of Bitcoin in 2020.


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