According to data from analytics platform Santiment, Ethereum is experiencing the highest level of network growth since April, while its price is struggling to return to the $4,000 mark. Specifically, 130,200 new ETH wallets were created per day in December, the highest number since April.
This surge in new wallets indicates a renewed interest in #Ethereum that has not been seen in recent months.
Mr. Santiment In a recent tweet, Line_Break Santiment wrote, Ethereum is hitting an eight-month high in new wallet creation, averaging 130,200 new addresses on the network every day in December, signaling a resurgence of interest in #ETH not seen since April. '
the SHIB burn rate jumped to 515.33% - will prices follow? '
Ethereum prices are steadily rising, and the current rise has brought them close to the $4000 mark.
the #cryptocurrency market rose on Wednesday, and Ethereum also followed suit and recovered from a low of $3564. Earlier in the week, Ethereum fell for the second straight day, hitting a low of $3,501 in Monday's trading session.
at the time of writing, ETH has fallen 1.14 percent to $3,867 in the past 24 hours after hitting an intraday high of $3,945. Ethereum's growth has stalled over the past two days, failing to overcome key resistance at $ 4,000.
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