1. QiAi QuestsHome
  2. Daily Digest

ETH Supply Reaches 5-Month High Based on Glassnode Data

• Daily Digest • 104 views

It is reported that according to Glassnode data, the supply of ETH for the last active 6-12 months (1d MA) has just reached 13972630.49 ETH, a new high in near…

ETH Supply Reaches 5-Month High Based on Glassnode Data

It is reported that according to Glassnode data, the supply of ETH for the last active 6-12 months (1d MA) has just reached 13972630.49 ETH, a new high in nearly five months.

Data: The supply of ETH in the last active 6-12 months reached a new high in 5 months

Interpretation of the news:


According to a recent report based on Glassnode data, the supply of Ethereum (ETH) in the last active 6-12 months has reached a new high of 13,972,630.49 ETH. This new high has not been seen in nearly five months and may suggest an increase in demand for the cryptocurrency.

Glassnode is a leading Crypto analytics platform that provides comprehensive data insights to help investors make informed decisions. They are known for their real-time data that covers all aspects of the Crypto market, including supply, demand, and network activity.

The data provided by Glassnode concerning Ethereum’s supply is critical because it indicates how much ETH is available for trading, investment, and other activities on the network. It also provides insight into the level of activity on the network, which is vital for investors and traders.

The report stated that the supply of ETH for the last active 6-12 months (1d MA) has reached a new high of 13,972,630.49 ETH. This means that a large amount of ETH has moved on the network in the last six to twelve months, increasing the overall supply of the cryptocurrency.

The news of the increase in ETH’s supply may be positive for investors, as it suggests that there is an increase in demand for the cryptocurrency. As more people invest in ETH, the price may increase, leading to higher returns for investors.

Overall, the report based on Glassnode data reveals that Ethereum’s supply has reached a new high in nearly five months. This can be interpreted as a positive sign for investors, as it indicates an increase in demand for the cryptocurrency. However, it is important to note that the Crypto market can be volatile, and investors should always do their due diligence before investing.

Keywords such as Ethereum, supply, Glassnode, active accounts, and new high highlight the main points of the report. The information provided in the report can be seen as a useful tool for investors and traders seeking to make informed decisions about Ethereum’s current and future value.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/1505.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/19/2023 17:04
Next 02/19/2023 18:10

Related recommendations