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Bitcoin & Ethereum Addresses Take a Hike While XRP Remains Popular on Social Media: Huobi Research

bitcoin-ethereum-addresses-take-a-hike-while-xrp-remains-popular-on-social-media-huobi-research

While Bitcoin and Ethereum prices are in the red, the network is growing with a surge in addresses and the average number of transactions per block, however, the hash rate has taken a dip. Meanwhile, XRP community beats Ethereum on Twitter.

Market Growth Amidst the Bears Onslaught

Currently, the crypto market is in deep red where top three cryptocurrencies, Bitcoin is registering 2.34 losses at $3,399, XRP is $0.2857 with 4.27 percent losses and Ethereum is at $104 with 24-hours loss of 3.67 percent.

Just like price Bitcoin and Ethereum Hashrate is taking a hit. According to the latest report by Houbi,

“Bitcoin’s Hashrate decreased by 6.57% and Ethereum’s Hashrate decreased by 1.84%. The average transaction fees on the Bitcoin network this week was $0.178, decreased 3.26% from last week.”

Source: https://www.blockchain.com/en/charts/hash-rate

There has been even more fall in the hash rate of Ethereum, since then.

hashrate

Source: https://etherscan.io/chart/hashrate

When it comes to transactions, it states, “Average number of transactions per block and average block size both increased on Bitcoin; Average number of transactions per block and average block size both increased on Ethereum. Average number of unconfirmed transactions in Bitcoin increased by 12.41%, and that of Ethereum also increased.”

The average transaction fees on Bitcoin Network on January 20th has been $0.17 after hitting $0.29. However, it is yet again moving around $0.20. Meanwhile, the average fees on the Ethereum network has been about $0.07 on January 21st and are still moving around this number.

chart

Bitcoin average transaction fees, Source: Bitinfocharts

chart

Ethereum average transaction fees, Source: Bitinfocharts

Meanwhile, “Total number of addresses on the Bitcoin and Ethereum network reached 32.52 million and 54.66 million, respectively.”

Address
Source: Huobi Research

Address

Source: Blockchain.com

Source: Etherscan

 

When it comes to social popularity, Bitcoin is the king as per Huobi’s Research, however, on Twitter Ripple is close behind Bitcoin. Whereas in Facebook, Ethereum has a slight lead on XRP.

Social table
Source: Huobi Research

 

Cryptocurrency prices might be on a downward trend but the developments of the network and the activity around these digital assets on social media are surely keeping up.

The post Bitcoin & Ethereum Addresses Take a Hike While XRP Remains Popular on Social Media: Huobi Research appeared first on Coingape.