In accordance with information from Glassnode alerts, the variety of Ether (ETH) pockets addresses holding a minimal of 1 ETH hit an all-time excessive on Nov. 19:
Earlier ATH of 1,170,508 was noticed earlier in the present day
— glassnode alerts (@glassnodealerts) November 19, 2020
As of press time, Ether is trading at over $500, persevering with a powerful upward pattern that kicked off at the start of November.
It’s price noting that particular person customers can create a number of pockets addresses, which means that the 1.17 million determine doesn’t essentially map 1:1 to the variety of customers or entities.
In addition to reflecting the bullish sentiment out there extra broadly, the excessive variety of Ether holders may mirror two additional components. First, the recognition of decentralized finance, and related tokens that use the Ethereum community. Whereas the worth of many of those particular person tokens has taken a beating relative to their earlier bull runs, the full greenback worth locked in DeFi stays at a powerful $14.05 billion as of publishing time.
Along with this, the present launch date for Ethereum 2.0 Section 0 is presently set for Dec. 1, and Ethereum co-founder Vitalik Buterin has been encouraging the community that they’ll count on main enhancements on the scaling and community improvement entrance.
As Cointelegraph’s market analysts reported earlier in the present day, Ether’s present value represents a two-and-a-half-year excessive, bringing the coin to an total outperformance of Bitcoin in 2020.