Ethereum outperformed Bitcoin in the number of transactions at the beginning of July 2017, to reach a historical maximum in May of this year. Although the transactions of both networks have decreased since May of this year, as of September 2, 1.16 million transactions were registered in Ethereum and 244,953 transactions in Bitcoin. That is to say, Ethereum almost five times in transactions to Bitcoin.
Regarding the value transferred in both networks, in the last three months similar volumes have been registered around USD 10 billion a day, while, last May, Ethereum tripled Bitcoin in the amount of daily transactions, reaching a maximum of US $ 35,000 million (average of transactions in 7 days).
The sector of cryptocurrencies The week starts strong, with increases in its main assets. Bitcoin exceeds $ 51,000 and Ethereum is moving at 3,900.
Diego Morín, analyst at IG Markets, “after the debacle generated by the pressure exerted by the continuous prohibitions by the Chinese government, especially with the blocking of payments with cryptocurrencies, both Bitcoin and Ethereum have recovered from the pressure exerted , despite the fact that the Asian giant continues to modify and adjust the incorporation of the digital yuan, whose implementation began months ago ”.
“We will have to keep an eye on the evolution of the market in the next few hours and / or weeks, since we have seen how strong hands have taken the opportunity to join Bitcoin and Ethereum once they liquidated their positions last May, so that the approach they are making towards psychological resistance will be interesting ”.
Regarding Ethereum, Alejandro Zala Country Manager of Bitpanda in Spain points out that “it has risen 30% in August and we can expect a more bullish price movement in September. It is the second consecutive monthly rise and the highest since April, when the price rose almost 45% ”.