Bitrabo Editorial
Recent data indicates that Ethereum has been experiencing greater adoption compared to Bitcoin in the past three months, which could bode well for ETH.
Positive Surge in Ethereum Holder Count
Analytics from Santiment reveal that Ethereum has been pulling ahead of Bitcoin in terms of the Total Amount of Holders, indicating a rise in new addresses holding non-zero balances on the network.
This metric reflects an increase in new investors entering the market, existing investors reinvesting, or holders dividing their assets for privacy reasons. Overall, this uptrend signals positive adoption, potentially benefiting the asset.
In contrast, a decline in this metric may suggest holders selling off their assets, possibly exiting the market temporarily.
A comparison chart illustrates the Total Amount of Holders for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) over recent years:
In the chart, Ethereum’s holder count shows a consistent upward trend, with a recent increase of 4 million holders in the last three months. Meanwhile, Bitcoin has seen stagnant growth since 2021 and a recent reduction in users by 50,000 addresses.
Ethereum now boasts nearly 127 million holders, significantly more than Bitcoin’s 54 million holders.
Additionally, Tether has 6 million addresses with balances, up by approximately 230,000 compared to three months ago.
Bitcoin’s stagnant holder count suggests a plateau in adoption, while Ethereum continues to attract users, likely due to its robust ecosystem.
ETH Price Update
Currently, Ethereum is priced around $2,400, reflecting a slight decrease of over 4% in the last 24 hours.