Ethereum’s “realized” price just hit a two-year high of $287.09, according to data metrics site Glassnode.
The news comes not long after Ethereum—along with Bitcoin—hit new highs with its “realized” price when it touched $257 last month.
Previous 2-year high of $287.08 was observed earlier today
— glassnode alerts (@glassnodealerts) December 6, 2020
Ethereum’s “realized” price has since then shot up by 11.7%.
The metric, first proposed by crypto data firm Coin Metrics, is useful as it monitors the value of active cryptocurrency—and excludes lost coins or cryptocurrencies left dormant in wallets for years.
It is derived from “realized capitalization”, which measures the aggregate value of a cryptocurrency network by multiplying each cryptocurrency by the last time it moved.
The “realized” price calculation is performed by dividing the realized cap by the circulating supply.
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