According to experts of the analytical platform of Cryptoquant, the main factor in the fall of ETH quotations over the past few weeks is to reduce activity in the Ethereum network.
According to the report, the number of active addresses in the etherium has been reduced from the beginning of the year, and commission fees have reached record low indicators. In addition, the level of combustion of coins fell to the lowest from the moment of updating The Merge, which further increased the inflationary pressure on the asset after updating Dencun.
According to analysts, in order to understand the future price trajectory of the second in capitalization of cryptocurrency, it is necessary to monitor the number of active addresses on the network.
The second -level solutions can be a serious threat to the Ethereum in the short term. But if the network can become a leader for the asset tokenization sector, then the demand for blockchain will increase, like the price of cryptocurrency, experts suggest.
Earlier, Coin Bureau, a popular cryptotraider and host of the popular youtube channel, Guy Turner noted that the broadcast is significantly lagging behind bitcoin, especially in the last couple of months, although many analysts expected that he should grow after the first cryptocurrency.
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Source: Cryptocurrency
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