On January 19, the price of Ethereum was catching up to a record high, while the price of Bitcoin continued to trade sideways.
Nikolas Panigirtzoglou, an analyst at JPMorgan Chase, believes that “unless Bitcoin can exceed $40,000, it may lose its appeal in the short term. In the next few days or weeks, the inflow of Grayscale Bitcoin Trust may need to maintain 100 million per day. The speed of the US dollar, so that Bitcoin may exceed US$40,000.”
Framework Ventures co-founder Vance Spencer believes that Ethereum has a very strong catalyst this year.
1. Rollup will be fully prepared by the end of the first quarter, making the Ethereum network high throughput and cheap.
2. The costs involved in the Berlin fork are burning, and Ethereum is in a state of deflation, and it is likely to be in the third quarter. Appeared in the fourth quarter.
3. DeFi's comprehensive strength on the Ethereum network, and the V2/V3 protocol version (UNI, SNX, YFI, Sushi, Curve) that will be released on the Ethereum network. In addition, Rollups (and its success) will Consolidate the ETH2.0 roadmap and shorten it to Phase 1. "A number of data show that the Ethereum market is steadily improving.
As of 10 o'clock today, the total lock-up volume of the DeFi protocol on Ethereum was approximately US$35.36 billion, an increase of 1.49% from the previous month. The current top three agreements with locked positions are Maker US$4.203 billion, WBTC US$4.111 billion and Uniswap V2 US$3.403 billion.
As of 13:50 today, the current Ethereum 2.0 deposit contract address has received 2.602 million ETH, accounting for 2.27% of the current supply of Ethereum, and the mortgage contract balance has increased by 36192 ETH in the past 24 hours.
According to Messari statistics, the average daily settlement value of the Ethereum network in the past month exceeded USD 12.3 billion, a record high in the past year. At the same time, the average daily settlement of the Bitcoin network in the past month was approximately US$9.3 billion.
Glassnode data shows that the number of Ethereum non-zero wallet addresses and wallet addresses holding 0.01 and 0.1 ETH has increased significantly. Non-zero wallets have been gradually increasing since 2018, and recently exceeded 50 million. There are nearly 52.5 million new highs. There are more than 11 million addresses holding at least 0.01 ETH. The growth of this type of wallet starts to pick up at the end of 2020-just as the price of ETH starts to soar. Finally, addresses holding at least 0.1 ETH also reached a new high of over 3.715 million. The growth of such wallets slowed briefly a few months ago, but started to grow as the ETH price rebounded.
Weibo big V Dongge said that today's market has been rising all the way. Although Bitcoin's increase is not large, the increase of Ethereum is still considerable. The situation in the recent period is unusually similar. When Bitcoin is sideways, it is the same as other mainstream currencies. When flying, the rotation effect caused the market to continue to rise. It is reported that Ethereum will continue to pull to four or five thousand US dollars. The specific situation still needs to be observed. However, this year's Ethereum is indeed comparative. Strong, and DeFi fever also makes a series of currencies continue to rise.