Glassnode showed Ethereum’s “realized” price just after 2018’s high of $287.09.
The news came after Ethereum and Bitcoin hit new highs when it touched $257 previously.
Ethereum’s “realized” price shot up by 11.7%.
“Realized” price doesn’t mean the current price of a cryptocurrency, but it is the value of coins that are actively used.
The metric, which was first proposed by crypto data firm Coin Metrics, is useful for monitoring the value of active cryptocurrency and excludes lost coins or cryptocurrencies that were sleeping in wallets for many years.
It is coined from “realized capitalization” which measures the aggregate value of a cryptocurrency network by multiplying every cryptocurrency by the last time it moved.
The “realized” price calculation is performed by dividing the realized cap by the supply.
Ethereum’s “realized” price is not the only metric that goes up. Yesterday, the second-biggest cryptocurrency touched new highs for the number of addresses that hold even a single ETH coin.
According to data from CoinMarketCap, the current price of Ethereum is high recently; its price today is $601.97, a 7% increase in seven days.
ETH’s price increase is down to Bitcoin’s growing price and the surge of interest in DeFi platforms, which were usually built on Ethereum.
No Comment