Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News

Number of Ethereum Addresses Hits 46 Million As ETH Surges Towards $400

Solomon Odunayo September 10, 2020 3 min read
How Layer 2 Is Primed To Solve Scalability Issues of Ethereum before the Launch of ETH 2.0

According to the crypto analytics firm, intotheblock, the number of Ethereum addresses with a balance in ETH has surged to attain 46 million.

The increase has been notable despite the recent downturn in the price of cryptocurrencies in the market, which also hugely affected the second-largest cryptocurrency by market capitalization, Ethereum (ETH).


trade now

According to the report, the milestone implies that the number of Ethereum addresses significantly increased by 12 million in the space of 9 months.

Intotheblock added that 31.33 million of the addresses gained from their positions, which could be attributed to the positive effect of decentralized finance (DeFi).

Intotheblock tweeted “Despite the recent ETH price drop, the network keeps growing. There are now 46 million addresses with a balance in ETH. Meaning that it has increased by a whopping 12 million in 9 months. From those addresses, 31.33 million are profiting from their positions. The DeFi effect?”

Despite the recent ETH price drop, the network keeps growing

There are now 46 million addresses with a balance in $ETH. Meaning that it has increased by a whopping 12 million in 9 months

From those addresses, 31.33 million are profiting from their positions

The #DeFi effect? pic.twitter.com/piVEezptN3

— IntoTheBlock (@intotheblock) September 10, 2020

Ethereum (ETH) Balances on Exchanges Hits 6-Month Low; Wallets with Over 1,000 ETH Decline

On the contrary, another analytic firm, Glassnode shared in a series of tweets that major Ethereum on-chain fundamentals have seen huge drops. For instance, ETH balances on crypto exchanges and wallet balances have notably declined.

As indicated in the tweet shared by Glassnode, the balances of Ethereum (ETH) on cryptocurrency exchanges have dropped to a 6-month low, it now stands at 17,188,383.432 ETH.

Glassnode tweeted, “Ethereum ETH Balance on Exchanges (1d MA) just reached a 6-month low of 17,188,383.432 ETH Previous 6-month low of 17,194,714.099 ETH was observed on 07 September 2020.”

📉 #Ethereum $ETH Balance on Exchanges (1d MA) just reached a 6-month low of 17,188,383.432 ETH

Previous 6-month low of 17,194,714.099 ETH was observed on 07 September 2020

View metric:https://t.co/1dCpD2ey8E pic.twitter.com/reta3eE0ui

— glassnode alerts (@glassnodealerts) September 10, 2020

The recent significant price decline experienced by ETH has seemingly dissuaded many users from holding their ETH on crypto exchanges. Many users now prefer digital wallets, which obviously initiated Glassnode’s report.

Ethereum (ETH) Surges towards Retesting $400

Despite the huge drops, Ethereum (ETH) is still outperforming other top cryptocurrencies in the market, after the price resurgence recently experienced by the digital currency.

Ethereum now surges towards retesting $400 resistance level. At the time of filing this report, ETH is trading at $368.19, with a relatively 5% price uptrend in the last 24 hours.

Join us on Twitter

Join us on Telegram

Join us on Facebook

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: US Internal Revenue Services (IRS) Will Pay $625,000 To Whoever Cracks Monero Network’s Privacy Wall
Next: Banks Need XRP to Make Global Settlement Platform a Success –Ex-Ripple Executive

Related Stories

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,779.00
2.73%
ethereum
Ethereum (ETH)
$1,673.42
4.49%
tether
Tether (USDT)
$1.00
-0.05%
binancecoin
BNB (BNB)
$329.01
5.97%
usd-coin
USD Coin (USDC)
$1.00
0.95%
ripple
XRP (XRP)
$0.413996
1.89%
binance-usd
Binance USD (BUSD)
$1.00
0.91%
cardano
Cardano (ADA)
$0.405944
5.86%
dogecoin
Dogecoin (DOGE)
$0.092811
1.05%
polkadot
Polkadot (DOT)
$6.70
7.76%

Recent Posts

  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption
  • Philippines SEC Seeks More Power Over The Crypto Sector 

Categories

You may have missed

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023
India 2023 Budget Retains Strict Crypto Tax Rules
2 min read
  • Blockchain
  • Crypto Taxation
  • Crypto Trading
  • Cryptocurrency
  • India
  • News
  • Regulation

India 2023 Budget Retains Strict Crypto Tax Rules

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%