Initiative that collects and analyzes data on the crypto market CryptoCompareannounced its October Asset Report recently. Analysts compared the October data of the crypto market with traditional investment products and made some comments.
CryptoCompare analysts are the number two cryptocurrency in the report. Ethereum Opened a separate thread for In the rough last October ETHgained 18% during the month.
in the same time period bitcoin 5.50%, on the traditional finance side S&P 500 5.26%, technology weighted stock index Nasdaq It gained 1.56%. 
The report authors pointed out that cryptocurrencies had a very quiet month of October. While Bitcoin’s volatility was 32% in October, most stock indices exhibited greater volatility than this level.
Why Did Ethereum Diverge?
The CryptoCompare report explained two reasons why Ethereum gained more value than other asset products.
- Major network upgrade after Ethereum Merge update in October “Shandong” officially launched.
- The world’s largest search engine Google has launched a cloud-based service for Ethereum projects. Dubbed the “Google Cloud Blockchain Node Engine,” the new service will verify transaction history on the Ethereum network.
Recently, banking giant Citibank announced in a report that Ethereum is now in a deflationary structure.
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