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Ethereum is seeing record activity. So why is its price struggling?
Ethereum has a dilemma. The network is seeing increased activity, and yet the price of its native token is struggling. Active addresses climbed to new all-time highs above 1.8 million to 2 million daily users last month, while transfers by smart contract interactions in the same period also reached record levels, data from blockchain analytics firm CryptoQuant shows. However, the network activity has not coincided with a strong asset performance for ethereum. “The disconnect with ETH price indicates that transactional activity alone is not translating into stronger investment demand,” CryptoQuant wrote in a ... (full story)
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