{"id":19995,"date":"2024-12-30T10:17:34","date_gmt":"2024-12-30T08:17:34","guid":{"rendered":"https:\/\/forklog.com\/en\/market-optimism-surrounds-ethereum-as-metrics-indicate-growth\/"},"modified":"2024-12-30T10:17:34","modified_gmt":"2024-12-30T08:17:34","slug":"market-optimism-surrounds-ethereum-as-metrics-indicate-growth","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/market-optimism-surrounds-ethereum-as-metrics-indicate-growth\/","title":{"rendered":"Market Optimism Surrounds Ethereum as Metrics Indicate Growth"},"content":{"rendered":"<p>Throughout 2024, the number of long-term Ethereum holders increased, while the metric for Bitcoin steadily declined, as noted by IntoTheBlock.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This chart shows the percentage of long-term Bitcoin and Ether holders over the past year. <\/p>\n<p>While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in the year. <a href=\"https:\/\/t.co\/F7ghaSq66T\">pic.twitter.com\/F7ghaSq66T<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1873368615459627377?ref_src=twsrc%5Etfw\">December 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The proportion of those holding Ether for over a year rose from 59% in January to 75% in December. In digital gold, this figure decreased from approximately 70% to 62%.<\/p>\n<p>Since the beginning of the year, Bitcoin&#8217;s price has increased by over 122%, with the asset&#8217;s price twice reaching new all-time highs. Ethereum&#8217;s price grew by 48.2% over the same period, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/p>\n<p>Experts at Kaiko attributed the difference in dynamics to the flow of funds into Solana due to high fees on the blockchain of the second-largest cryptocurrency by market capitalization and the meme coin frenzy in the fourth quarter.<\/p>\n<p>Additional pressure came from the lack of staking in the launched <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-spot-etfs-debut-with-1-billion-trading-volume\">ETH-ETFs<\/a> and the &#8220;sluggish&#8221; start of these products compared to Bitcoin funds.<\/p>\n<p>According to analyst and MN Trading founder Micha\u00ebl van de Poppe, Ethereum&#8217;s strengthening relative to the market leader as early as January would not be surprising. A breakthrough of the 0.4 level in the ETH\/BTC pair could trigger an altcoin rally within the Ethereum ecosystem, the expert suggested.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"615\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHBTC_2024-12-30_10-05-47-1024x615.png\" alt=\"ETHBTC_2024-12-30_10-05-47\" class=\"wp-image-248868\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHBTC_2024-12-30_10-05-47-1024x615.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHBTC_2024-12-30_10-05-47-300x180.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHBTC_2024-12-30_10-05-47-768x461.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHBTC_2024-12-30_10-05-47.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly ETH\/BTC chart. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHBTC\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, CryptoQuant highlighted bullish signals in Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Throughout 2024, the number of long-term Ethereum holders increased, while the metric for Bitcoin steadily declined, as noted by IntoTheBlock. This chart shows the percentage of long-term Bitcoin and Ether holders over the past year. While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1145],"class_list":["post-19995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19995"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19994"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}