This is a significant sign for the second biggest cryptocurrency by market value. Ethereum According to reports, the research team has grown by 2100% over just five years. The growth is a significant factor in the success of one of crypto’s most prominent networks.
The growth in ETH from 2019 onwards has been staggering. The network is the leader in monthly developers with over 2,788 working full time on it as of the 1st July, data shows. Developer Report. It is great news for future prospects. next Many years.
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Ethereum Researchers have soared since 2019
Ethereum, like the entire crypto market in August, struggled. The token’s price has fallen by more than 25% in the last thirty days. CoinMarketCap. In addition, ETH has fallen below the $2500 mark due to its drop of almost 9% over the last seven days. Although the bear market is causing concern, it’s important to remain in perspective.
This includes noting the progress of the project. It is important to note the progress of a project. post to X (formerly Twitter) Emre Caiskan of Electric Capital Engineers notes the Ethereum research team’s growth by 2,100% over the past 5 years.
In Q1 2019, the researchers who are behind this network numbered only 25. Comparatively, the Q1 2024 will see a rise to 550. The number fluctuated this year, though it remains solid. Promote the health of the network by promoting increased promises.
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This is directly correlated with the growth rate of ETH. Your $1,000 investment in Ether with the 25-person team in 2019 would equal $14,900 dollars in 2024. This remarkable rise is a clear indication of Ether’s continued growth.
Ethereum’s current price is still up by 46% compared to the same time last year. The crypto has shown huge increases on other fronts. Crypto became only the second asset class in this year to receive ETF approval. The approval of the ETF further cemented its leadership position in the sector.
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Source: watcher.guru