In the Ethereum world, traders or investors who own a large number of Ethereum are typically called whales. This means an Ethereum whale would be a single Ethereum address owning around 1,000 Ethereum or more.
Meanwhile, Ethereum’s daily transaction count neared an all-time high this week. Its ATH of 1.34 million was set on Jan 4, 2018, when Ethereum had an average market price of $1,042. Earlier this week, its transaction count was within shouting distance at 1.27 million.
Priced at $431 as at the time of this writing, the increased activity is a good long-term sign of things to come for Ethereum holders.
Ethereum is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.
Ethereum is a decentralized system, fully independent, and is not under anybody’s authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means it’s almost impossible for Ethereum to go offline.