Cryptomarket collapsed in the last week but now it has witnessed emergence in buying pressures. As the market recovered Ethereum supporters re-ignited the argument that the altcoin can beat Bitcoin and it helped altcoin to surpass Bitcoin in address activity, says the data of Santiment.
The spike was seen as ETH recovered above $2,100. The surge in activity showed the trust of traders especially with the deployment of EIP-1559 days away.
As per Money Movers, Bitcoin settled around &9.93 billion a day, while Ethereum settled thrice its value.
Kunal Kushwaha
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