Ethereum is a hot and controversial topic in the Crypto-field. On the one hand, the Smart Contract platform continues to be the undisputed number 2 of all crypto currencies by market capitalisation. On the other hand, is a massive loss in the last 2 years, at the ETH, by the extinction of many ICO projects more severely suffered, than its big brother Bitcoin. In addition, there are some technical hurdles such as scalability, and the conversion of the consensus mechanism on a Proof-of-Stake (PoS), which still has to show whether this can really be completely solved. New statistics of Coin Metrics show, however, that Ethereum is doing is fundamental in some points better than ever before. The only question is: what time is reflected also in the Ethereum rate and when the price moves?
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“The Evolution of the Ethereum Token”
Coin Metrics is a service provider in the Crypto-field that analyzes the “decentralized Economy” and the Crypto-Asset market. The company provides data and results of their analysis will help us to understand the value and use of decentralized networks and their application better.Part of the work of Coin Metrics, the publication of a series of reports called “State of the Network is to be studied”, in the different Coins under different aspects. In the output 25 of the report called “The Evolution of Ethereum Tokens” before establishing the creators ETH and shed light on the development of the as a decentralised world, computer, designated network.In short, the report notes the extremely positive development of some of the fundamental values of ETH. He also illustrates how the network as a programmable money network is used.
All of the characters green for a course in rocket
In the Following we will summarize some of the more notable results of the report together, the show has gained the positive development of Ethereum, in spite of the massive Price drop in the last 2 years and could pave the way for a rate rocket.Since Ethereum is intended as a platform for distributed applications, such as the latest DeFi-Hype provides, proves once again, a distinction must be made between the value of the network (market capitalization of Ethereum), and the value of the Token on the platform are created. This ratio is called the Coin Metrics “Network Value to the Token Value” (= NVTV, in English, “the network value to the token value”).As the chart below shows, the market capitalization of ETH Zurich and the aggregate value of a selection of the largest ERC-20 tokens more and more approaching what is to be interpreted according to the Coin Metrics positive for the network.You are trading on the world’s leading Social Trading Platform, you join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Transaction numbers to rotate
Noteworthy is yet another of the statistics. In the Ethereum network, a distinction can be made between different types of transactions. There are those with ERC-20 ERC-721 tokens, i.e. tokens that have been created on the ETH platform, take place and those that are not classified in this category.In 3. Quarter of 2019, there was the first Time that the transactions exceeded by the ERC-20, ERC-721 Token the rest of the transactions in the network came from. According to the Coin Metrics, the to interpret also a positive.
What shoots the price through the ceiling?
The Report of Coin Metrics provides some additional metrics that are similar to interpret positive for the network, however, the scope of this article to blow up. In the case of a such a Wealth of strong fundamental values is the question of when the course to follow suit then, finally, and the ceiling goes?Of course, no one can say exactly. Starting from the assumption that the price of an asset is approaching long term, the true value would have to end the losing streak of the Ethereum course, in the long term. Still, this did not happen. As the comparison of the course with Bitcoin shows, ETH Zurich since the beginning of this year, still with over 40% in the Minus.Nevertheless, a slight upward trend in the Past week recognize. Under Crypto-experts, the next Updates will be seen as a bottle neck for this purpose. Everything should work smoothly and that the technical obstacles can be overcome, it could serve as a strong catalyst for the Ethereum course.
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