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
I was seeing a lot of analysis and predictions that were pointing towards 5k USD and above because of this defi trend. But from what I have seen, Defi cannot determine the price of Ethereum. I expected more increase for ETH this year as Bitcoin was surging, Ethereum didn’t do that, and most of the predictions were totally wrong, it couldn’t even get pass it’s last ATH price, though some people have talking about ALTCOIN season, I don’t know if there is going to be anything like that, the Ethereum I know goes hand in hand with Bitcoin most of the times, just a slight difference between their charts.