ETH Remains Strong Despite Coin Challengers

From blockworks.co

Data from analytics company CryptoQuant says outflow from Ether is at an all-time high as demand for Ethereum-based financial and utility applications hit new records. This market has created fertile ground for competitors to take on the world’s “distributed computer”. Cardano, which has been grabbing headlines lately thanks to its rapid price appreciation and founder’s bold claims, wants to take this spot but analysts are cool to any real threat for now. CryptoQuant’s data (below) shows that only about 21 million of the 115 million ETH in circulation, roughly 24%, are still on centralized trading ... (full story)