Ether wallet addresses with at least 1 ETH hit record high

Ether wallet addresses with at least 1 ETH hit record high

The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators.

According to data from glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19:

#Ethereum $ETH Number of Addresses Holding 1+ coins just reached an ATH of 1,170,598

Previous ATH of 1,170,508 was observed earlier today

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View metric:

— glassnode alerts (@glassnodealerts) November 19, 2020

As of press time, Ether is trading at over $500, continuing a strong upward trend that kicked off at the beginning of November.

It’s worth noting that individual users can create multiple wallet addresses, meaning that the 1.17 million figure doesn’t necessarily map 1:1 to the number of users or entities.

As well as reflecting the bullish sentiment in the market more broadly, the high number of Ether holders could reflect two further factors. First, the popularity of decentralized

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