1. Real-world use of Ether (ETH) is rising.
2. The number of daily transactions on the Ethereum blockchain has almost doubled in 2020.
3. Institutional investors are investing in ETH. Grayscale reported a record $110 million inflows into its Grayscale Ethereum Trust in Q1 of this year.
It’s also worth noting that ETH seems to be the coin that kept the market from crashing after the BTC halving, as well as driving the past couple of mini-bull-run attempts.
#ETH saved the entire crypto market from crashing — again. It’s looking super strong and it will probably be the catalyst for a new major bull run. Fingers crossed 🤞🏼. Soon, hodling ETH will also bring a passive #ROI. What can be better?
— CryptoSnippets.com (@cryptosnippets) May 22, 2020