{"id":504671,"date":"2022-10-03T14:46:31","date_gmt":"2022-10-03T14:46:31","guid":{"rendered":"https:\/\/wncen.com\/?p=504671"},"modified":"2022-10-03T14:46:31","modified_gmt":"2022-10-03T14:46:31","slug":"ethereum-sees-surge-in-number-of-new-addresses","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","title":{"rendered":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform.<\/span><\/em><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">\u00a0Ethereum\u2019s new active wallet addresses climb to a new ATH of 3,001.804<\/span><\/li>\n<li><span style=\"font-weight: 400\">\u00a0ETH seen to spike in terms of social media engagements and mentions<\/span><\/li>\n<li><span style=\"font-weight: 400\">\u00a0ETH price up by 0.46% as of press time<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While it\u2019s true that this screams a boost in investor interest in the alt, the recent plunge in market volume and sentiment seems to be in contrast to everyone\u2019s expectations to date.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The number of new active wallet addresses on the Ethereum platform is seen to have dropped in August and recovered since September.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/crypto-community-predicts-matic-to-rise-20\/\">Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31<\/a><\/div>\n<h2><b>Spike In Number Of ETH Addresses Trigger Increase In Social Metrics<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The increase in the number of wallet addresses also triggered a spike in social media engagement of the altcoin. Ethereum has shown a significant improvement of 4.63% surge in terms of social mentions and also 27.6% in social engagements.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Merge has created a lot of buzz on social media especially in the past month but the overall sentiment wasn\u2019t purely positive. In fact, Ethereum is down in terms of weighted sentiment as seen in the last few days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, ETH value has also been moving downwards as seen in the past couple of days. The altcoin volume has retreated from 13.45 billion on September 30 to only 6.03 billion on October 2.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the brighter side, even with the negative public sentiment, Ethereum still managed to attract more whale investors in the altcoin. Evidently, the top 500 ETH whales have gained interest in investing and buying the crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The momentum of Ethereum has shown some growth as seen in the past three days indicating an increase in wallet transactions involving Ether.<\/span><\/p>\n<h2><b>Ethereum Development Activity Decreasing<\/b><\/h2>\n<p><span style=\"font-weight: 400\">More so, the altcoin also gained the approval of Deutsche Telekom following their announcement of planning to roll out an Ethereum validator.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, the development activity on Ethereum has been spiraling down too which implies the decrease in activity on the GitHub.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The current market state has however negatively impacted Ethereum as even the Merge failed to meet expectations in terms of capital outflow.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consequently, despite the growth in terms of wallet transactions and the rise in social media engagements, the price of ETH wasn\u2019t able to keep up with the positive sentiment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The coin is seen to recover a bit and is in the green lane as of publication. According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, ETH price has soared by 0.46% or trading at $1,304.30 as of this writing.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/shiba-inu-fanbase-awaits-eternity-download-event\/\"> Shiba Inu Fanbase Awaits Eternity Download Event \u2013 Will It Boost SHIB Price?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Aonwgyt8\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">The ETHUSD pair is trying to break past the $1,317 level on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from Top Trend Coins, chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform. \u00a0Ethereum\u2019s new active wallet addresses climb to a new ATH of 3,001.804 \u00a0ETH seen to spike in terms of social media engagements and mentions \u00a0ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it\u2019s true that this screams a boost in investor interest in the alt, the recent plunge in market volume and sentiment seems to be in contrast to everyone\u2019s expectations to date. The number of new active wallet addresses on the Ethereum platform is seen to have dropped in August and recovered since September. Related Reading: Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31 Spike In Number Of ETH Addresses Trigger Increase In Social Metrics The increase in the number of wallet addresses also triggered a spike in social media engagement of the altcoin. Ethereum has shown a significant improvement of 4.63% surge in terms of social mentions and also 27.6% in social engagements. The Merge has created a lot of buzz on social media especially in the past month but the overall sentiment wasn\u2019t purely positive. In fact, Ethereum is down in terms of weighted sentiment as seen in the last few days. In addition, ETH value has also been moving downwards as seen in the past couple of days. The altcoin volume has retreated from 13.45 billion on September 30 to only 6.03 billion on October 2. On the brighter side, even with the negative public sentiment, Ethereum still managed to attract more whale investors in the altcoin. Evidently, the top 500 ETH whales have gained interest in investing and buying the crypto. The momentum of Ethereum has shown some growth as seen in the past three days indicating an increase in wallet transactions involving Ether. Ethereum Development Activity Decreasing More so, the altcoin also gained the approval of Deutsche Telekom following their announcement of planning to roll out an Ethereum validator. On the other hand, the development activity on Ethereum has been spiraling down too which implies the decrease in activity on the GitHub. The current market state has however negatively impacted Ethereum as even the Merge failed to meet expectations in terms of capital outflow. Consequently, despite the growth in terms of wallet transactions and the rise in social media engagements, the price of ETH wasn\u2019t able to keep up with the positive sentiment.\u00a0 The coin is seen to recover a bit and is in the green lane as of publication. According to CoinMarketCap, ETH price has soared by 0.46% or trading at $1,304.30 as of this writing. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event \u2013 Will It Boost SHIB Price? The ETHUSD pair is trying to break past the $1,317 level on the daily chart | Source: TradingView.com Featured image from Top Trend Coins, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":504673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8323,16163,85295,65296,1946,85736,8686],"class_list":["post-504671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-eth","tag-eth-price","tag-eth-whales","tag-ethbtc","tag-ethereum","tag-ethereum-merge","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?<\/title>\n<meta name=\"description\" content=\"The Ethereum Merge upgrade is expected to haul in more new users on the network which 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?","description":"The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?","og_description":"The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on","og_url":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-10-03T14:46:31+00:00","og_image":[{"width":984,"height":536,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/"},"author":{"name":"Christian Encila","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?","datePublished":"2022-10-03T14:46:31+00:00","dateModified":"2022-10-03T14:46:31+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/"},"wordCount":497,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536","keywords":["btcusd","ETH","eth price","ETH whales","ethbtc","ethereum","Ethereum Merge","ethusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","url":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","name":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536","datePublished":"2022-10-03T14:46:31+00:00","dateModified":"2022-10-03T14:46:31+00:00","description":"The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536","width":984,"height":536,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Sees Surge In Number Of New Addresses \u2013 Will ETH\u00a0Shine This October?","url":"http:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum-sees-surge-in-number-of-new-addresses\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","eth","eth price","eth whales","ethbtc","ethereum","ethereum merge","ethusd"],"dateCreated":"2022-10-03T14:46:31Z","datePublished":"2022-10-03T14:46:31Z","dateModified":"2022-10-03T14:46:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Sees Surge In Number Of New Addresses \\u2013 Will ETH\\u00a0Shine This October?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-sees-surge-in-number-of-new-addresses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-sees-surge-in-number-of-new-addresses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/eth.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/eth.png?fit=984%2C536\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"eth\",\"eth price\",\"eth whales\",\"ethbtc\",\"ethereum\",\"ethereum merge\",\"ethusd\"],\"dateCreated\":\"2022-10-03T14:46:31Z\",\"datePublished\":\"2022-10-03T14:46:31Z\",\"dateModified\":\"2022-10-03T14:46:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/eth.png?fit=984%2C536","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504671"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=504671"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504673"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=504671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=504671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=504671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}