There are more addresses than ever holding some measure of Bitcoin and Ethereum: the number of non-zero Bitcoin and Ethereum addresses just hit 32,925,521 and 50,476,989, respectively, according to data from the blockchain analytics site Glassnode.

The number of non-zero Bitcoin addresses is at a new all-time high.

Both numbers have risen steadily over the past year and are showing no signs of slowing down.

Non-zero Bitcoin addresses experienced their greatest degree of fluctuation back in 2018, in the wake of the bull run; as prices shot up, the number of addresses followed suit, before quickly dropping back down.

Growth in non-zero Ethereum addresses, by contrast, has been nearly constant since 2017.

This makes a kind of intuitive sense—as crypto adoption becomes increasingly mainstream, more and more traders are getting on board with these two coins, which have the largest and second-largest market capitalizations in crypto.

Non-zero Ethereum addresses, too.

The total numbers of Bitcoin and Ethereum addresses are still much higher than their non-zero counterparts, since putting your money in the crypto market remains a tougher sell than just setting up an address.

There’s also a very decent chance these numbers will reach new highs in the near future; the previous all-time high for the number of non-zero Bitcoin addresses was set yesterday, and the Ethereum number’s previous ATH was set earlier today.

(Excerpt) Read more Here | 2020-12-12 08:42:00
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