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    Home » Crypto News » Retail Interest in Ethereum Skyrockets as Small ETH Addresses on the Rise

    Retail Interest in Ethereum Skyrockets as Small ETH Addresses on the Rise

    Author: Jordan Lyanchev

    Last Updated Jan 18, 2021 @ 10:55

    Record-breaking small ETH addresses and an all-time high for Ethereum Google searches suggest that retail investors have arrived for the asset.

    The interest in Ethereum from retail investors has skyrocketed in the past few weeks. Apart from the Google searches reaching all-time high levels beyond the 2017/2018 craze, the number of wallet addresses with relatively small ETH portions has seen new records as well.

    Google Trends Sees ATH For Ethereum Searches

    Google trends data is typically a good indicator of the behavior of retail investors, especially when it comes down to less-known investment assets, such as the crypto field. The number of searches generally sees a significant increase when there’s a massive price movement in either direction.

    For instance, the Ethereum searches on Google saw unseen highs during the 2017/2018 parabolic price increase when the asset skyrocketed to its ATH of $1,450. During the subsequent year-long bear market, though, the interest essentially disappeared apart from a few short-term glimpses during times of high volatility.

    ETH’s current bull run, which saw its price surge from $350 in early October to about $1,300 in January, has attracted the retail masses once again. The worldwide “Ethereum” Google searches have exploded in the past few weeks and marked a new all-time high, as ETH was marching into a four-digit price territory.

    Ethereum Google Searches 5-year Back. Source: Google Trends
    Ethereum Google Searches 5-year Back. Source: Google Trends

    Small ETH Address To New Highs

    Another reliable sign of the growing appetite of retail investors are wallets with relatively modest Ethereum holdings. This is where data from Glassnode showed significant upticks and records for non-zero addresses and wallets with 0.01 ETH and 0.1 ETH.

    ADVERTISEMENT

    The non-zero wallets have been gradually increasing since 2018 and recently broke above 50,000,000. The new ATH came at nearly 52,500,000.

    ETH Non-Zero Addresses. Source: Glassnode
    ETH Non-Zero Addresses. Source: Glassnode

    Addresses with at least 0.01 ETH surged past 11 million. The graph below demonstrates that the growth of such wallets picked up in late 2020 – just as the asset’s price started to appreciate more rapidly.

    ETH Addresses With 0.01+ Coins. Source: Glassnode
    ETH Addresses With 0.01+ Coins. Source: Glassnode

    Lastly, the addresses with 0.1 ETH or more have also marked a new record of over 3,715,000. The growth of such wallets had slowed down briefly a few months back but started to increase in accordance with the asset price.

    ETH Addresses With 0.1+ Coins. Source: Glassnode
    ETH Addresses With 0.1+ Coins. Source: Glassnode

     

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    Tags: Ethereum Ethereum (ETH) Price Google
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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