As of 5 November, Vitalik Buterin tweeted the ‘updated roadmap diagram’ depicting the changes in store for Ethereum [ETH] präissverhalen. As can be witnessed, changes were made to The Verge and Scourge segments of the roadmap.
Aktualiséiert Fahrplang Diagramm! pic.twitter.com/MT9BKgYcJH
- vitalik.eth (@VitalikButerin) November 4, 2022
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Hei ass AMBCrypto's Präis Prognose fir Ethereum [ETH] fir 2022-2023
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Some new changes on the way
With the new updates in mind, Vitalik and Ethereum’s team aim at a fully SNARKed Ethereum and plan to solve MEV issues. These changes in the roadmap could hype up some investors about Ethereum’s optimistic future. However, there were other vulnerabilities that could act as a roadblock in Ethereum’s growth.
Entspriechend zu Messari's Jeffrey posted on 4 November, Ethereum witnessed a high correlation with overall macro markets. As can be seen, Ethereum’s price had a 88% correlation with real yields. If the correlation continues, Ethereum could be massively impacted by negative movements of the overall macro market.
Even though this correlation could make Ethereum riskier to buy, there are lot of traders who could profit from Ethereum’s growth. Furthermore, entspriechend zu Glas Node, a crypto analytics firm, the percentage of addresses in profit reached a one month high of 58%. Subsequently, the number of addresses in losses also declined during the selwecht Period.
📈 # Ethereum $ ETH Prozentsaz Adressen am Profit (7d MA) erreecht just en 1-Mount Héich vun 58.010%
Previous 1-month high of 58.008% was observed on 02 November 2022
Metrik kucken:https://t.co/BUbkntqvVb pic.twitter.com/EbVI5Uysjz
- Glassnode Alarmer (@glassnodealerts) November 4, 2022
Another positive for Ethereum would be its growth in terms of its median transaction volume. As can be seen from the image below, the median transaction volume grew significantly over the past month. As of 5 November, the median transaction volume for Ethereum stood at $66.42.
ETH can you do better?
Despite all the changes in-store for Ethereum, the king of altcoins still needed to show improvements in other areas. For instance, Ethereum’s network growth declined immensely over the past month. This indicated that the the amount of new addresses that transferred Ethereum for the first time had declined.
Coupled with that, there was also a decline observed in Ethereum’s daily activity. The daily active addresses on the Ethereum network depreciated massively over the past month. As of 5 November, the number of daily active addresses on the network stood at 198,000.
Zu der Zäit vum Schreiwen. Ethereum was trading at $1,617 and slipped by 1.77% over the last 24 hours.
Source: https://ambcrypto.com/ethereum-will-buterins-latest-roadmap-have-eth-climbing-up-the-crypto-ladder/