All-Time Record High for ETH Deposits Shows Confidence in Ethereum
The Ethereum (ETH) network has seen a large amount of deposits in the past few hours. According to data from Bitflyer, the exchange received 1,739 ETH deposits. This represents about $4.2 million in cryptocurrency deposited on the platform.
According to data from Bitflyer, the exchange received 1,739 ETH deposits in the last 24 hours. The amount of Ether sent is equivalent to $4.2 million in Ether deposited on the exchange.
The number of ETH deposits is huge and shows confidence in Ethereum in general, especially after recent events that have led to lower cryptocurrency prices.
The price of ETH has been extremely volatile over the past few weeks due to a number of factors, including Bitmain's announcement that it will be launching an ASIC miner for Ethereum, which will make it difficult for anyone else to 'mine'. Mining with their GPU or CPU Platforms have been in use since Ethereum was created and have been doing well since then when they just can't seem to keep up with what Bitmain is offering right now. , but we'll soon see how it works once they release their product
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