Disrupts ETH Price and Market Performance -Breaking
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NFT Rising: This Disrupts the ETH Market Price and Performance- It is not very closely related to Ethereum (ETH)’s value.
- CryptoQuant revealed that ETH fell to around 56% below its ATH while active Ethereum addresses have only fallen by 7 %.
- The reason for the apparent disconnect between the figures is the continued increase in NFT interest.
The number of active Ethereum addresses and the Ethereum price are not correlated, according to new data.
Data from the crypto analytics firm, CryptoQuant, shows that the price of ETH has dropped approximately 56% from it’s all time high (ATH). The analytics company says that the number of active Ethereum address is still down 7 percent. According to the analytics firm, there are currently 551,705 active Ethereum addresses.
Ki Young Ju (NYSE:) is a Twitter crypto analyst who has a large following. He highlighted that the price of ETH seems to have fallen since the all-time high, despite the difference in the daily active users. He stated in his latest post that “These degens don’t care about ETH price bu …
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