The addresses of the Cryptocurrency Ethereum (ETH) have risen by 536% in the past two years. considering the time altcoin was trading above $ 1,400 in the market.
This impressive growth shows that more and more people are using Ethreum (ETH). Since then, more than 30 million new addresses have been generated since the beginning of 2018.
The data only takes into account addresses with a certain amount on Ethereum (ETH), which according to GlassNode data confirms the growth of Altcoin acceptance in the market.
Over 30 million new Ethereum addresses (ETH)
In the past two years, more than 30 million Ethereum addresses (ETH) generated in the network have been preserved with a certain balance of cryptocurrency.
This number shows 536% growth in cryptocurrency addresses without taking into account the addresses created that currently have no funds.
According to GlassNode “Valid” addresses with a certain amount in Ether (ETH) rose from 5,745,056 in early 2018 to over 36,536,239.
The data shows that the network has more than quintupled the number of addresses in about two years. This information relates to the interval between January 13, 2018 and April 24, 2020.
In the first four months of 2020 alone, over 4,000,000 addresses were created in the network. with an average of 1,000,000 addresses that are created every month.
The network has been growing since Altcoin was worth $ 1,432 on the market
On January 13, 2018, the price of Ethereum (ETH) broke the record for the highest price ever recorded for the cryptocurrency, at around $ 1,432.
Since then, however, ETH has been unable to regain anything close to this price and remains at a much lower value than most of the altcoins on the market.
Given the record price of Ethereum (ETH) on the market two years ago, the price of Altcoin is 86% lower today. with the cryptocurrency worth about $ 200 on the market.
However, the drop in prices at Ethereum (ETH) has not prevented the Altcoin network from increasing the number of addresses in recent years. Even with a cumulative devaluation of 86% since 2018, there are cryptocurrency directions They grew by 536%.