Amid the rapid growth of Ethereum, the realized cryptocurrency capitalization has increased by $ 25 billion since the beginning of the year. This is evidenced by data from Coin Metrics.
At the beginning of January, the realized capitalization was around $ 49 billion. At the time of writing, the figure reached $ 75 billion.
Data: Coin Metrics.
The realized capitalization indicator, presented in 2018, provides a long-term, low-volatility indicator of the value of a cryptocurrency. When calculating the realized capitalization, the price of each coin at the time of the last on-chain transaction is taken into account.
“The significant growth in Ethereum’s realized capitalization indicates an influx of new capital,” Coin Metrics analysts shared their opinion.
Also, since the beginning of the year, the number of addresses has increased from 10,000 ETH and more.
On January 1, there were 1178 such addresses, and at the time of writing there were already 1246 (+ 5.7%).
“These big addresses, which hold at least $ 14 million, potentially signal that institutional investors are starting to buy ETH,” the experts suggested.
Earlier, Glassnode researchers concluded that large investors were the main driver of Ethereum’s growth.
We also recall that Mike Novogratz’s Galaxy Digital cryptocurrency bank will launch Ethereum-based funds in February – one for institutional, two for retail investors.
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