Crypto Thursday: Active Addresses vs. Price in US dollars for Top Payment Coins
Nov 01, 2018
The Data Daily: Where the charts tell the story
This week we look at active addresses vs. price in US dollars for top payment tokens.
There appears to be a disconnect between Bitcoin's (BTC) price and its daily active addresses that began around July and August of 2018 -- Since that time, BTC daily active addresses has displayed a bullish higher-lows trend while BTC's price has trended slightly lower. In the past, BTC's price has shared a high-level of correlation with BTC daily active addresses.
Bitcoin (BTC) - Active Addresses vs. Price in US dollars - 1 Year
Bitcoin Cash (BCH) - Active Addresses vs. Price in US dollars - 1 Year
Litecoin (LTC) - Active Addresses vs. Price in US dollars - 1 Year
Source: BitInfoCharts all graphs