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Microsoft director bets on Ethereum as the altcoin price heads to new all-time high

  • Yorke Rhodes, Microsoft’s director of digital transformation, believes Ethereum will be a decentralized app store by 2023.
  • Analysts are bullish on Ethereum’s prices and predict that Altcoin is on track to hit record highs.
  • Ownership of small Ethereum wallets has consistently increased over the past three years, demonstrating investor accumulation.

Microsoft directors are bullish on adopting Ethereum over the next two years. Ethereum prices have recovered from the last two weeks of decline, and Altcoin is now at a record high.

Ethereum prices hit record highs

Yorke Rhodes, Microsoft’s Director of Digital Transformation, Ethereum.. Rhodes believes Ethereum will be the new decentralized app store.

As the flagship marketplace for web3 applications Ethereum Recruitment may surge within the next two years. The idea is based on the potential of the Ethereum network as a hub for decentralized applications.

Ethereum hosts approximately 3,000 decentralized applications on its network. Based on Glassnode data, whales with over 100,000 ETH in their wallets have been distributing their holdings for over a year.

Overall supply of Ethereum It is more decentralized than it was three years ago. Interestingly, small wallet investors have consistently accumulated more Ethereum over the same period. This diversification and accumulation shows that Ethereum is becoming more popular among investors.

The distribution of Ethereum supply among small and large wallet investors shows this trend.

Ethereum: Relative address supply distribution

@ Pentosh1, a pseudonym crypto analyst, pointed out that Ethereum prices still have the last major rise against Bitcoin. Analysts are observing that Ethereum has emerged from the seven-month integration phase and is now ready for recovery.

Another pseudonym analyst, @IAmCryptoWolf, is bullish on Ethereum. Analysts have predicted that Ethereum will hit a record high.


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