Long-Term Holders Increase Confidence in Ethereum Glassnode's data shows that the number of Ethereum addresses holding the cryptocurrency for over a year has risen by over 10% in the past year. This is a significant increase, considering that Ethereum's price has also seen a substantial surge during this period. It indicates that investors are not just buying and selling for quick profits, but are confident in holding onto Ethereum for the long term. This trend is also reflected in the overall market sentiment towards Ethereum, with many analysts predicting a bright future for the cryptocurrency. Factors Driving Long-Term Holders There are several reasons why investors are increasingly holding onto Ethereum for the long term. One of the most significant factors is the growing adoption and use cases for the cryptocurrency. With the rise of decentralized finance (DeFi) applications, more individuals and institutions are utilizing Ethereum's blockchain to access financi...
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