This is the “bullish” indicator of the day. The Ethereum (ETH) network now processes a much higher volume of transactions than Bitcoin (BTC). What to see a significant increase in the price arrive, according to the analysis firm Messari …
Ethereum network transactions far exceed Bitcoin transactions
Messari analyst Ryan Watkins shared this information on Twitter. It shows that the gap between the volume of s transactions with Ethereum and those performed with Bitcoin:
„The volume of s daily transactions on Ethereum is trying to follow a parabolic curve. The network currently settles $ 12 billion in transactions every day , which is 3 billion more than Bitcoin. How can you not be bullish on ETH? “
As the graph notes, the data does not include ERC-20s, which shows that the total transactions that go through the Ethereum network are actually even higher than that. It should be noted, however, that on the capitalization side, it is Bitcoin which still largely wins, with $ 681 billion against $ 152 billion for Ether.
The price of Ether (ETH) at the start of a new explosion?
In any case, the cryptosphere expects Ether to surpass its all-time high , at $ 1,448, soon. Unlike Bitcoin, which shattered all records and briefly surpassed $ 40,000, Ethereum network assets have yet to hit their “ATH”. This is however the case with other less capitalized altcoins, such as Polkadot’s DOT or Chainlink’s LINK .
Last night, the price of ETH jumped + 11% , and is now back to levels comparable to those at the start of the month, erasing its correction suffered at the beginning of last week:
What to join the list of altcoins which recently exceeded their record level? Yes, according to Changpeng Zhao, the CEO of Binance:
“ETH is about to join the new ATH club . „