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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