Ethereum: Reasons why ETH is highest gainer among top ten coins
The Federal Reserve has hiked interest rates by another 75 basis points. The rate hike comes after the Consumer Price Index revealed that inflation had hit a fresh 40-year high of 9.1% in June.
Now, the crypto market reacted in a positive manner with Ethereum [ETH] leading the charge. However, as per a famed news agency, Wu Blockchain, the Ethereum Merge concept still remains a topic of speculation.
Irrespective of FUDs, and speculations, ETH holders have supported the token. The number of non-zero addresses has reached an all-time high of 84,576,089.
Source: Glassnode
Well, this might just have triggered what’s about to come as highlighted by Santiment. ETH witnessed a massive uptick in daily active addresses (DAA) as it hit an all-time high (ATH).
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