Ethereum is growing popularity has largely been attributed to the rising interest in DeFi projects, what's going on? Will ethereum finally be able to leave it's 3 figure value?
The number of daily addresses interacting with ETH has surge in the past 24 hours to a Two Years single day high of 486,000 addresses! The last time Ethereum's address activity was this high was on May 5th, 2018
Ethereum price will not depend on DeFi success rather it can be seen with open eyes that ethereum is bullish bith fundamentally and technically, the other day i was reading an analysis that ethereum can peak to 10k in next bull run whereas 5 to 6k peak predictions are common but to be honest i see eth to atleast reach 3to4k as next peak considering that last peak was at 1.4k 3 to 4k is very rational.
In contrary, the price of ethereum in the past surge because of the usage by other project. I see DeFi projects contributing to the surge in price of Ethereum in time to come, it I s already happening so I can say the success of Ethereum in this next bull run might have a lot to do with DeFi projects. DeFi is really pushing the price up.