By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UP Coming NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Search
  • About us
  • Advertise with us
  • Contact us
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Crypto History | Ethereum Makes Crypto History By Surpassing Bitcoin In Key Milestone
Share
Sign In
0

No products in the cart.

Notification Show More
Latest News
Harmony team identifies the hacker behind the 100M Horizon bridge exploit
Harmony identifies the hacker behind the $100M Horizon bridge exploit
June 25, 2022
Coinbase to launch first Nano BIT futures via third party brokers
Coinbase to launch first Nano BIT futures via third-party brokers
June 25, 2022
Christiano Ronaldo partners with Binance to debut NFT collection
Christiano Ronaldo partners with Binance to debut NFT collection
June 25, 2022
Keanu Reeves joins the NFT bandwagon
Keanu Reeves joins the NFT bandwagon
June 25, 2022
NFT.nyc 2022, NFT.Nyc, NFT.Nyc event, BeetsDAO, 90s Babes, NFT.Nyc hosts, NFT.Nyc spaekers, NFT.Nyc spaekers 2022
BeetsDAO and 90s Babes to host exclusive events at NFT NYC 2022
June 22, 2022
Aa
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Aa
Search
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UP Coming NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Contact us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > Crypto and NFT NEWS > ETHEREUM NEWS > Crypto History | Ethereum Makes Crypto History By Surpassing Bitcoin In Key Milestone
Crypto and NFT NEWSETHEREUM NEWS

Crypto History | Ethereum Makes Crypto History By Surpassing Bitcoin In Key Milestone

NFT Studio 24
NFT Studio 24 November 24, 2021 84 Views 3 Min Read
Updated 2022/02/08 at 5:02 PM
Share
3 Min Read
Crypto History
SHARE

Ethereum has surpassed bitcoin for the number of daily active addresses, according to data gathered by crypto analytics firm Sentiment. Read more at Ethereum makes crypto history by surpassing Bitcoin.

Contents
For the first time in crypto history, bitcoin has been overtaken as a key transaction and trading metric.Bitcoin price performance

For the first time in crypto history, bitcoin has been overtaken as a key transaction and trading metric.

A strong price rally on Tuesday saw Ethereum (ether) surpass bitcoin for the number of daily active addresses, according to data gathered by crypto analytics firm Sentiment.

“On a day that saw history be made with Ethereum surpassing bitcoin in daily active addresses for the first time, altcoins came to play,” the firm explained.

Data from BitInfoCharts shows this trend happening a few times in April and May, though the dataset appears less complete.

The increase in daily active addresses comes as Ethereum fees dropped to the lowest levels in six months.

“The average transaction fee on Ethereum has dropped to $2.15, the lowest fee since December 2020,” said Simon Peters, a market analyst at online trading platform eToro.

“During May’s crypto bull run, average fees rose to nearly $70, but have all dropped following the market correction. As the network moves towards the 2.0 upgrade, it is possible fees will fall further, despite taking years before it is fully implemented. However, the upgrade will eventually see faster and cheaper mining, alongside improving Ethereum’s green credentials.”

Ethereum hit an all-time high in mid-May, around a month after bitcoin’s record high. It subsequently experienced a massive crash, taking its price from above $4,200 to below $1,800.

It has since rallied back above $2,100 and is now trading at the same level as the start of April. It remains more than 800 percent up, year-on-year.

Bitcoin’s fall was less severe than ether but it is yet to see a similar level of recovery.

The losses mean the world’s most valuable cryptocurrency suffered the worst second quarter in its history in 2021, having fallen by half from record all-time highs in April.

Bitcoin price performance

Analysts are divided over which way the leading cryptocurrencies will head from here.

By one indicator, bitcoin has entered a major “buy phase” for only the fifth time since 2012. The Puell Multiple graph, which charts mining profitability, entered the green zone this week for the first time since March 2020.

What followed that instance was the biggest market rally in bitcoin’s history, though some fear the peak of this cycle has already been reached.

Read More:https://www.independent.co.uk

- SUBMIT YOUR PRESS RELEASE -
Ad imageAd image

Don’t miss the Important NFT Drops

Are you tired of missing important NFT drops?

  • Just check out our NFT Collection page! Click here
  • For Upcoming NFTs projects, Click here

You Might Also Like

Harmony identifies the hacker behind the $100M Horizon bridge exploit

Coinbase to launch first Nano BIT futures via third-party brokers

Christiano Ronaldo partners with Binance to debut NFT collection

Keanu Reeves joins the NFT bandwagon

Elon Musk will continue supporting Dogecoin despite a $258B lawsuit

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
NFT Studio 24 November 24, 2021
Share this Article
Facebook TwitterEmail Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Cryptocurrency in India EXPLAINED: Where India Stands On Cryptocurrencies, What New Bill Will Mean For Bitcoin And Company
Next Article US Senate US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News from Cointelegraph

Latest News

Harmony team identifies the hacker behind the 100M Horizon bridge exploit
Harmony identifies the hacker behind the $100M Horizon bridge exploit
ALTCOINS NEWS June 25, 2022
Coinbase to launch first Nano BIT futures via third party brokers
Coinbase to launch first Nano BIT futures via third-party brokers
Crypto and NFT NEWS EXCHANGES June 25, 2022
Christiano Ronaldo partners with Binance to debut NFT collection
Christiano Ronaldo partners with Binance to debut NFT collection
Crypto and NFT NEWS LATEST NFT NEWS June 25, 2022
- Career -
Ad imageAd image

You Might also Like

Harmony team identifies the hacker behind the 100M Horizon bridge exploit
ALTCOINS NEWS

Harmony identifies the hacker behind the $100M Horizon bridge exploit

June 25, 2022
Coinbase to launch first Nano BIT futures via third party brokers
Crypto and NFT NEWSEXCHANGES

Coinbase to launch first Nano BIT futures via third-party brokers

June 25, 2022
Christiano Ronaldo partners with Binance to debut NFT collection
Crypto and NFT NEWSLATEST NFT NEWS

Christiano Ronaldo partners with Binance to debut NFT collection

June 25, 2022
Keanu Reeves joins the NFT bandwagon
LATEST NFT NEWS

Keanu Reeves joins the NFT bandwagon

June 25, 2022
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

Recent Posts

  • Harmony identifies the hacker behind the $100M Horizon bridge exploit
  • Coinbase to launch first Nano BIT futures via third-party brokers
  • Christiano Ronaldo partners with Binance to debut NFT collection
  • Keanu Reeves joins the NFT bandwagon
  • BeetsDAO and 90s Babes to host exclusive events at NFT NYC 2022

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance

Quick Link

  • ABOUT US
  • CAREER
  • CONTACT US
//

Subscribe to our newsletter to get our newest articles instantly!

NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

  • bitcoinBitcoin(BTC)$21,144.00-0.44%
  • ethereumEthereum(ETH)$1,196.64-0.69%
  • tetherTether(USDT)$1.000.18%
  • usd-coinUSD Coin(USDC)$1.00-0.37%
  • binancecoinBNB(BNB)$234.14-1.61%
  • rippleXRP(XRP)$0.361813-1.76%
  • Binance USDBinance USD(BUSD)$1.000.12%
  • cardanoCardano(ADA)$0.486602-2.79%
  • SolanaSolana(SOL)$40.25-1.33%
  • polkadotPolkadot(DOT)$7.93-2.22%
  • dogecoinDogecoin(DOGE)$0.066304-0.58%
  • Shiba InuShiba Inu(SHIB)$0.0000114.13%
  • daiDai(DAI)$1.00-0.13%
  • tronTRON(TRX)$0.064374-2.09%
  • AvalancheAvalanche(AVAX)$20.344.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$21,098.00-0.64%
  • leo-tokenLEO Token(LEO)$5.922.13%
  • Lido Staked EtherLido Staked Ether(STETH)$1,153.20-0.15%
  • matic-networkPolygon(MATIC)$0.58-2.04%
  • litecoinLitecoin(LTC)$55.21-1.52%
  • FTXFTX(FTT)$27.453.61%
  • chainlinkChainlink(LINK)$6.92-3.65%
  • OKBOKB(OKB)$12.55-0.19%
  • CronosCronos(CRO)$0.124832-0.21%
  • stellarStellar(XLM)$0.124571-1.90%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.078.66%
  • UniswapUniswap(UNI)$5.38-4.78%
  • cosmosCosmos Hub(ATOM)$8.16-0.61%
  • algorandAlgorand(ALGO)$0.339602-4.55%
  • moneroMonero(XMR)$122.89-2.87%
  • ethereum-classicEthereum Classic(ETC)$16.08-2.86%
  • bitcoin-cashBitcoin Cash(BCH)$112.44-4.89%
  • ChainChain(XCN)$0.0897614.09%
  • Theta FuelTheta Fuel(TFUEL)$0.0545801.06%
  • vechainVeChain(VET)$0.024822-1.24%
  • FlowFlow(FLOW)$1.703.31%
  • HederaHedera(HBAR)$0.071596-4.75%
  • Internet ComputerInternet Computer(ICP)$6.01-1.46%
  • The SandboxThe Sandbox(SAND)$1.146.03%
  • Axie InfinityAxie Infinity(AXS)$17.454.26%
  • decentralandDecentraland(MANA)$0.953.48%
  • FraxFrax(FRAX)$1.00-0.14%
  • theta-tokenTheta Network(THETA)$1.390.83%
  • ElrondElrond(EGLD)$61.18-3.44%
  • tezosTezos(XTZ)$1.48-1.58%
  • filecoinFilecoin(FIL)$5.92-1.94%
  • ApeCoinApeCoin(APE)$4.39-2.09%
  • true-usdTrueUSD(TUSD)$1.000.08%
  • bitcoin-cash-svBitcoin SV(BSV)$62.71-2.15%
  • HeliumHelium(HNT)$11.334.98%
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?