Review on Ethereum by Ammar Meydan
Ethereum
Favorable week for Bitcoin, with cryptocurrency's significant price rally. Although Ethereum's price did not set the market on fire, its numbers on the chain were better than Bitcoin last week.
Coinmetrics' latest report suggested that Bitcoin's active addresses decreased 2.7% and transactions 3.1%. Ethereum, on the other hand, recorded a 27% active address increase this week, registering more than 600,000 addresses for at least 3 consecutive days. This is the first time since January 2018. Additionally, further analysis showed another bullish trend in terms of addresses.
Ethereum addresses lead Bitcoin in terms of value density. Bitcoin pioneered the number of addresses holding a minimum of $ 1 with 24 million addresses. But Ethereum is slightly behind, with about 21.2 million addresses.
Pros
- lucrative.
- Almost all exchanges can be traded.
Cons
- Slow and inefficient transactions in some cases.
