Home Crypto Applications Deployments on Ethereum Are up 143% YoY in Q3’22
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Crypto Applications Deployments on Ethereum Are up 143% YoY in Q3’22

Edith Muthoni Freelance Writer Author expertise
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As the crypto winter slows down, enthusiasts feel summer’s warmth at a distance. People might lack certainty about the summer, but the results of Ethereum in the 3rd quarter of 2022 are a pointer. According to TradingPlatforms.com, Crypto applications deployments on Ethereum are up 143% YoY in Q3’22.

Speaking on the data, TradingPlatforms specialist Edith Reads said. “Ethereum merge was a calculated move. It has seen Ethereum gain bullish characteristics from a distance, rising by 31%. Besides, the YoY increase in crypto application deployment shows that Ethereum is holding right. This is the right time to invest in cryptocurrency as the odds change.”

A generally optimistic news flow supported the upward price trends of cryptocurrencies. The White House released the first-ever “complete framework” on cryptos on the regulatory front. Besides, Congress made significant advancements in the direction of meaningful stablecoin regulations. Several blockchains achieved significant technological milestones in the meanwhile.

Cryptocurrencies Endure Currency Market Volatility

The positivity on cryptocurrencies is not limited to Ethereum. Other cryptos are also showing strengths against the dollar.

In Q3, the strengthened U.S. dollar outperformed every other currency on the planet. When seen from this perspective, Bitcoin fared exceptionally well.

Massive worldwide currencies and gold had a difficult third quarter. The great U.S. dollar, the major world currencies (GBP, EUR, CHF, JPY,) and the Chinese Yuan all declined by 3-8%. Additionally, gold lost 8% in U.S. dollars. Yet, Bitcoin defied the trend and increased by 3.1%.

Blockchain Has Huge Potential in Healthcare

Blockchain applies to a variety of purposes in the healthcare industry. The systems have shown the ability to lower healthcare expenses. Besides, it increases stakeholder access to information and simplifies business procedures.

The system controls the drug supply chain and facilitates the safe transfer of patient medical records. Moreover, it simplifies the transfer of patient medical records. The ledger technology assists healthcare researchers in deciphering genetic code.

Blockchain ensures that an already bloated sector reduces extravagant expenses. It offers an innovative system for gathering and sharing private information. The technology is critical in streamlining product verification and transaction settlements.

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Edith Muthoni Freelance Writer

Edith Muthoni Freelance Writer

Edith is a dynamic and seasoned finance writer with a focus on crypto and trading - featured on different platforms, including Cryptopolitan.com, Insidebitcoins.com, and Learnbonds.com. With a Bachelor's Degree in Actuarial Science from Strathmore School of Business, Edith combines her education and experience to analyze complex market trends. This solid foundation also enables her to simplify complex trading strategies, delivering informative content, relevant to our fast-paced economy.

Edith's passion for finance and cryptocurrency keeps her at the forefront of industry news. She creates content that empowers her readers. She’s also a personal finance coach, providing expert advice on trading and other intricate finance issues