Analysts tend to compare Ethereum and Ethereum Classic in terms of their technicalities and price action.
In a recent blog post, Nicolas Contasti, head of business development at machine learning and statistical modeling firm IntoTheBlock, explained how Ethereum and Ethereum Classic differ from a fundamental perspective.
The IOM shows that approximately 47 percent of all addresses holding Ethereum have a positive balance.
Thus, these market participants are considered to be "In the money." Meanwhile, roughly 36 percent of the addresses holding Ethereum Classic has a positive balance.
Although the difference between investors that are in profits is of about 10 percent, the activity on the network of these cryptos shows a bigger discrepancy.
For Ethereum Classic Contasti argues that large transactions are less frequent with some days like on Feb. 27 where there were none.
There are also 150 investors, which concentrate between 0.1 to 0.99 percent of the circulating supply, holding a total of 40.14 percent and the remaining 59.86 percent is distributed among retail investors.
On the other hand, Ethereum Classic is less distributed than Ethereum.
Approximately, 72.65 percent of the tokens in circulation are concentrated in the hands of big players-15 whales hold 39.82 percent and 140 investors hold 32.8 percent.
It is worth mentioning that throughout the bull rally that the cryptocurrency market went through since the beginning of the year Ether saw its price surge over 127 percent while Ethereum Classic skyrocketed nearly 215 percent.
On-chain metrics show major differences between Ethereum and Ethereum Classic
gepubliceerd op Feb 28, 2020
by Cryptoslate | gepubliceerd op Coinage
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