Ethereum market value rises to an all-time high in January

The market capitalization of the Ethereum digital coin (ETH) rose to an all-time high in January, indicating that new funds are rushing to accumulate Ethereum coins. / p>

Ethereum's realized market value has increased nearly 50% in January so far to record all-time highs above $ 70 billion, according to CoinMetrix.

as the data shows that the market value of Ethereum has more than tripled since it fell below $ 25 billion during the crash of Black Thursday in March 2020. p>

The Realized Market Value calculates the supply value of crypto assets according to the last time each unit on the chain was moved.

The index seeks to estimate the price actually paid for each Ethereum coin in circulation - rather than simply multiplying the current price by the total bid as the market value does.

However, the realized market value cannot explain currencies that are only traded on central exchanges and do not move in the chain.

The indicator is designed to offer a way to compensate for lost or unclaimed coins by ignoring their estimate from the time each unit on the chain was moved.

by ignoring the fluctuations in the volatile capitalization of inert currencies, the market value of Ethereum provides an indication of the influx of new capital into a specific market, with CoinMetrix concluding that many investors The newcomers may have been buying seasoned Ethereum whales during the January bull market.

The report also notes a 5% rise in the number of Ethereum addresses with more than 10,000 currencies, with 1,241 wallets currently holding $ 13.8 million or more Ethereum Coins. As such, CoinMetrix concludes that institutional investors have begun to buy Ethereum.

It appears that the market value growth of Ethereum has outperformed Bitcoin last year, with a report from Glasnode stating that the market value of Bitcoin has grown by 50% since the beginning of the year 2020 as of December 15th. CoinMetrix data also indicates that Ethereum experienced an 85% increase over the same period.

The Blockchain Center Flipping Index currently estimates that Ethereum has achieved 71% of the way to bypass Bitcoin on eight major metrics - including an all-new high for the index.