PS. Not all participants are equal, this is why I’m not a fan of Metcalfe’s Law applied to valuations. This is not a communications network which Metcalfe’s Law was created to describe, Bitcoin has monetary network effects of liquidity and Lindy.
Tag: Metcalfe
Decred Price Analysis – Active addresses hit all-time highs as trend metrics flip bullish
Active and unique addresses are important to consider when determining the fundamental value of the network using Metcalfe’s law. A sudden and continuous increase in active addresses paints a bullish picture as this typically indicates a sharp increase in on-chain use or interest.