Connect with us
Active Currencies 14448
Market Cap $2,699,549,011,135.20
Bitcoin Share 50.17%
24h Market Cap Change $0.84

Ethereum: Will Buterin’s latest roadmap have ETH climbing up the crypto ladder 

2min Read

Share this article

As of 5 November, Vitalik Buterin tweeted the ‘updated roadmap diagram’ depicting the changes in store for Ethereum [ETH]. As can be witnessed, changes were made to The Verge and Scourge segments of the roadmap. 


Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] for 2022-2023


Some new changes on the way

With the new updates in mind, Vitalik and Ethereum’s team aim at a fully SNARKed Ethereum and plan to solve MEV issues. These changes in the roadmap could hype up some investors about Ethereum’s optimistic future. However, there were other vulnerabilities that could act as a roadblock in Ethereum’s growth.

According to Messari’s tweet posted on 4 November, Ethereum witnessed a high correlation with overall macro markets. As can be seen, Ethereum’s price had a 88% correlation with real yields. If the correlation continues, Ethereum could be massively impacted by negative movements of the overall macro market.

Source: Messari

Even though this correlation could make Ethereum riskier to buy, there are lot of traders who could profit from Ethereum’s growth. Furthermore, according to Glassnode, a crypto analytics firm, the percentage of addresses in profit reached a one month high of 58%. Subsequently, the number of addresses in losses also declined during the same period.

Another positive for Ethereum would be its growth in terms of its median transaction volume. As can be seen from the image below, the median transaction volume grew significantly over the past month. As of 5 November, the median transaction volume for Ethereum stood at $66.42.

Source: Glassnode

ETH can you do better?

Despite all the changes in-store for Ethereum, the king of altcoins still needed to show improvements in other areas. For instance, Ethereum’s network growth declined immensely over the past month. This indicated that the the amount of new addresses that transferred Ethereum for the first time had declined. 

Coupled with that, there was also a decline observed in Ethereum’s daily activity. The daily active addresses on the Ethereum network depreciated massively over the past month. As of 5 November, the number of daily active addresses on the network stood at 198,000.

Source: Glassnode

At the time of writing, Ethereum was trading at $1,617 and slipped by 1.77% over the last 24 hours. 


Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.