In brief

  • Ethereum’s “realized” price just hit a two-year high of $287.
  • “Realized” price is different from current price as it only takes into account active coins.
  • Ethereum’s current price and the amount of addresses holding one of more ETH are also on the up.

Ethereum’s “realized” price just hit a two-year high of $287.09, according to data metrics site Glassnode. 

The news comes not long after Ethereum—along with Bitcoin—hit new highs with its “realized” price when it touched $257 last month. 

Ethereum’s “realized” price has since then shot up by 11.7%. 

“Realized” price doesn’t refer to the current price of a cryptocurrency as listed on exchanges, but instead to the value of coins that are actively used. 

The metric, first proposed by crypto data firm Coin Metrics, is useful as it monitors the value of active cryptocurrency—and excludes lost coins or cryptocurrencies left dormant in wallets for years. 

It is derived from “realized capitalization”, which measures the aggregate value of a cryptocurrency network by multiplying each cryptocurrency by the last time it moved. 

The “realized” price calculation is performed by dividing the realized cap by the circulating supply. 

And Ethereum’s “realized” price isn’t the only metric going up. Just yesterday the second biggest cryptocurrency touched new highs for the number of addresses that hold at least a single ETH coin. 

The current price of Ethereum is also on the up: today the price of ETH is $594, a 7% increase in seven days, according to data from CoinMarketCap

Ethereum
ETH
+15.15%$1,827.97

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Created with Highcharts 10.3.3Apr 8Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May 2May 4May 6May 8May…$1300$1400$1500$1600$1700$1800$1900

ETH’s price increase is not only down to Bitcoin’s growing price but also because of the explosion of interest in DeFi platforms—which are usually built on Ethereum. 

Bitcoin
BTC
+23.25%$98,447.91

24H7D1M1YMAX
Created with Highcharts 10.3.3Apr 8Apr 10Apr 12Apr 14Apr 16Apr 18Apr 20Apr 22Apr 24Apr 26Apr 28Apr 30May 2May 4May 6May 8May…$70000$75000$80000$85000$90000$95000$100000

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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