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Users are less likely to create wallets on the Ethereum network. What does this say about the future of ETH?
The volume of newly registered Ethereum wallets has decreased by 50% over the past day. Trader Ali Martinez drew attention to this. He believes that the decline in registration rates indicates an upcoming correction:
Typically, a steady decline in the number of new addresses created on a given block chain will result in a sharp price correction over time.
In the Coinmarketcap community of traders, they do not agree with this. According to a survey of over 2,200 traders, the expected ETH price on October 31, 2022 is $1,578. Traders are also optimistic about Bitcoin. According to them, by the end of October, the BTC rate will be almost $23,000.
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