Ethereum

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<ul class="news-points"> 
 <li><strong>Santiment revealed in a tweet today that ETH gained more than 4.9% against BTC in the past month.</strong></li> 
 <li><strong>The firm attributed ETH’s strong price performance to its recovering network growth towards the end of July.</strong></li> 
 <li><strong>At press time, however, ETH was down 1.93% to trade at $1,828.24.</strong></li> 
</ul> 
<p>Santiment, the blockchain intelligence firm, revealed in a tweet this morning that <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum’s (ETH)</a> price has gained more than 4.9% against Bitcoin (BTC) over the past month. According to the post, the rebound in Ethereum’s network growth was the main contributing factor to the altcoin’s price gain.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a>'s market price has gained +4.9% against <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> over the past month, and rebounding network growth has had a lot to do with this. As July closes, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> is showing utility numbers more consistent with May and its then price dominance vs. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>. <a href="https://t.co/zdgrhsk48N" target="_blank" rel="noopener noreferrer nofollow">https://t.co/zdgrhsk48N</a> <a href="https://t.co/o3MiLi91IJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/o3MiLi91IJ</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1686176909229780992?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>The tweet added that Ethereum recorded 450K addresses, which was the highest number of addresses on the network in 2 weeks. Furthermore, 80K new addresses were created towards the end of last month.</p> 
<p>At press time, ETH was changing hands at…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eths-recovering-network-growth-sees-its-price-gain-against-btc/">ETH’s Recovering Network Growth Sees Its Price Gain Against BTC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH’s Recovering Network Growth Sees Its Price Gain Against BTC

Coin Edition

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