Ethereum investors have been hodling and accumulating; Bitcoin hodlers also not sleeping, new data reveals

The Cheese on Pizza, newsletter on blockchain, cryptocurrencies, and FinTech published by SiBAN, Nigeria's Blockchain Association

In a pizza-hot article written by Jordan Lyanchev, titled ‘Waiting for Ethereum 2.0? 77% of Ethereum in externally owned accounts dormant for 6 months’, it is confirmed that more than 77% of ETH in externally owned accounts (EOAs) has not moved in the past six months.

The price of Ethereum, similarly to most cryptocurrencies, went through violent turbulence lately. Starting 2020 at about $131, reaching a yearly high of $290, and then succumbing to the mid-March sell-offs caused by the COVID-19 pandemic and bottoming at $87.

Lately, however, the second-seeded coin by market cap has surged and is currently trading at $212, representing an increase of 62% in 2020 alone.

Despite these excessive levels of fluctuations, new information provided by the popular digital asset analysis company, Glassnode Insights, indicated that the majority of Ethereum investors prefer h

olding their positions.

Click here to read more on Cryptopotato.com.

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