The founder of Mythos Capital, who is also an investor in the cryptocurrency market, Mr. Ryan Sean Adams noted that over the past five years, for the first time in the entire existence of a cryptocurrency, the number of registered electronic wallets on the Ethereum platform has exceeded one hundred million.
Such a massive trend, in his opinion, fully expresses the acceptance by users of the Ethereum platform, and, for example, compares address data in the ETH system with credentials in the banking sector. However, the difference between electronic wallets in cryptocurrency is that they are not tied to specific companies or the countrys leadership, but are completely independent, can be used in any country and are the property of their owners.
Also, Mr. Ryan Sean Adams compared the development of the Internet in the early stages with the Ethereum platform.
He confidently stated that the world wide web gave the public at one time accessible communication, comparable to the value that the Ethereum platform now provides.
For comparison, he gave an example of a graph that displays the total number of web resources created on the Internet. Only in 2007, fifteen years after the active use of the Internet, the figure of 100 million registered web resources reached this level.
Another important factor in the ecological system of Ethereum, according to researchers at Arcane Research, is that the total number of electronic wallets with at least 32 ETH on their balance is approximately 120 thousand. And to implement a validator node on the Ethereum 2.0 platform, you need exactly this amount of cryptocurrency. This indicator, compared to last year, increased by thirteen percent.
Users in the updated Ethereum platform will be able to earn additional profit through staking with 32 ETHs on their balance sheets as an investment. Soon, users with a lower deposit will be able to earn money on staking if additional services are available.
In the next few months, according to technical indicators, an increase of almost two hundred percent in the value of the ETH in the cryptocurrency market is possible. Mr Josh Olsevich, an analyst at research firm Brave New Coin, noted that Ethereum prices have reached a key moment of resistance to the Ichimoku Indicator.
Even earlier, another research organization, Blockfyre, made its case for the impressive growth rates of the main metrics of the Ethereum system. Also, one of the investors, Mr. Raul Pal, once expressed the opinion that this cryptocurrency in terms of growth rates could overtake the popular bitcoin today.