Energy-busting change drives ETH demand, Capital.com data shows
Demand for ether (ETH) has continued to rise over the past two weeks as more traders have positive sentiment, according to data from the Capital.com trading platform.The past two weeks saw a 15% increase in ETH traders; the biggest altcoin also saw a sharp spike in trading activity at the beginning of April.
Traders with long positions grew from 62%–77% in the period, as revealed by data from trading platform Capital.com.Around the time ETH traders’ activity and sentiment started rising, Ethereum launched Kiln, the final step before its long-awaited transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) protocol.
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