Ethereum growth now reflecting in the more than 50% of addresses in profit
by crypto analytics firm Glassnode. Per the data, the percentage of addresses in profit on the Ethereum blockchain based on a seven-day Moving Average just reached a one-month high of 51.865%.
There are many metrics that show how healthy any blockchain protocol is at any point in time. However, only a few highlight how well investors are positioned when the broader market is still judged to be undergoing one of the longest crypto winters in history. 2.3% growth over the past 24 hours at the time of writing.
Much of the momentum Ethereum is recording at this time can be traced to its transition from the proof-of-work system to the proof-of-stake through The Merge. As it stands, Ethereum is notably more energy efficient, and the rekindling of activities on the protocol has stirred speculation as to whether the protocol canWith the Shanghai upgrade on the horizon, Ethereum has a number of unique fundamentals that are capable of helping to power its growth across the board.
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