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[NoLimits15]

It looks like more and more people are using Ethereum now than ever as the number of unique Ethereum addresses are on the rise. This is mainly because of the development of DeFi applications build on Ethereum, giving people a chance to experience finance on blockchain. Data from Messari showed that Ethereum's unique addresses rose up by 118% whereas Bitcoin's unique addresses rose by 49%.

 

[KarthikP]

Maybe that's because of ethereum powered smart contract projects or mlm programs . Many people are investing ethereum in these projects in the hope of getting returns

 

[Wisdom01]

Many people are now investing and using ethereum,because most people believe ethereum might be the next big deal and its price might surge very high

 

[Balint098]

Yeah the concept of decentralized finance sure is an interesting one. I need to study it more seriously later, it has great potential in the future.

 

[Brain]

Yeah people tends to troop to where they have high yields or returns on profit. So with this knowledge we should know why the increase on eth.

 

[Ewogboka]

The continuous defi tokens being launched is the sole reason for increase in the Ethereum related addresses generated and a boost in Ethereum value and increase in gas fee.

 

[microunit]

increase gas fees in the network would mean more miners is needed in the network as they will get more rewards, though I dun think miners will just jump in on the ethereum as with the near release of eth 2.0 miners won't be as needed anymore

 

[Josemendez]

It looks like more and more people are using Ethereum now than ever as the number of unique Ethereum addresses are on the rise. This is mainly because of the development of DeFi applications build on Ethereum, giving people a chance to experience finance on blockchain. Data from Messari showed that Ethereum's unique addresses rose up by 118% whereas Bitcoin's unique addresses rose by 49%.

Ofcourse. The Defi projects have lead to a large ethereum address in use . This will be a good advantage to ethereum if only they can work on their gas fee

 

[heytli]

Good to see but btc is best

 

[microunit]

Well many people are holding bitcoin for long term investment and etherum is just on the rise
If bitcoin doesn't rise, eth won't rise much, because of the number of user.
If eth can make a unique address and make there platform and defi much okay,then they are good

what do you mean by unique address? each network has its own unique addresses already, and ethereum 2.0 is just around the corner for the improvement of the eth network

 

[Josemendez]

Well many people are holding bitcoin for long term investment and etherum is just on the rise
If bitcoin doesn't rise, eth won't rise much, because of the number of user.
If eth can make a unique address and make there platform and defi much okay,then they are good

I don't quite agree with you on the believe that ethereum can't rise if Bitcoin didn't rise. They are two different coins on two different Network . Ethereum rose few months ago without significant rise in Bitcoin

 

[Niftyicon]

But look at what happen a week ago
Btc rise to 6m and ether also to 192k, so I think eth might just one way or the link to btc with there coin
When btc goes down to 4m eth was also affected

That is my own observation too. Though the two coins are on different networks, I feel ETH price is too dependent on bitcoin's price.

 

[Niftyicon]

Something must be wrong somewhere then maybe the developer have something in common you know the logic this businessmen use, they won't really tell you the secret.
So its on you to know how to read The signal.
Will try to learn though

Do you know that as soon as I saw the price of bitcoin rise, the next thing I did was check the prices of ETH and LTC because I just knew it would affect both.

 

[Josemendez]

But look at what happen a week ago
Btc rise to 6m and ether also to 192k, so I think eth might just one way or the link to btc with there coin
When btc goes down to 4m eth was also affected

Do you know that as soon as I saw the price of bitcoin rise, the next thing I did was check the prices of ETH and LTC because I just knew it would affect both.

Undoubtable , this things happens but this does not mean that ethereum and litecoin must always depend on Bitcoin to rise before they can rise

 

[microunit]

To my opinion eth is just on bitcoin, I mean trying to be different completely look at the gas fee, too high and it is because of btc they also did that

nope, ethereum is completely different from bitcoin at its core, ethereum has smart contracts which is also where most matrix hyips and smart contract hyip sites derived from, also ethereum has alot of erc tokens that runs simultaneously in its network also one of the factors that increases traffic in its system

 

[Niftyicon]

Undoubtable , this things happens but this does not mean that ethereum and litecoin must always depend on Bitcoin to rise before they can rise

Actually, it is that 'always' that I want done away with. I really would love to see the time ETH would rise in price without bitcoin rising first.

 

[Josemendez]

If you have be following ethereum there was a time fee months ago where Bitcoin was struggling and ethereum was having a bullish run .

 

[Brain]

Eth is still on the rise it about $1424 now and I'm sure more people will still want to invest in it but I don't think it on the same range with Bitcoin though

 

[Ewogboka]

Eth is still on the rise it about $1424 now and I'm sure more people will still want to invest in it but I don't think it on the same range with Bitcoin though

The target of many people investing in ethereum is $2000 and it is very possible that the price will reach $2000 soon if it can cross $1500.

 

[achawaskey]

I think the reason is the cost of ethereum is less compare to the cost of bitcoin. Investor's with little capital are investing on ethereum that considerable returns of their investment.