The chain number and the number of new active address address as a data base of public chain chain, is a very important index. They can not only reflect the intrinsic value of the public chain to a certain extent, but also has a high correlation with the price analysis, the chain number and the number of active address new address, but also help us to study encryption currency valuations.
What is the active address and new address?
Active address refers to every transaction occurred address, in other words, every day there are many independent address in the chain for transfer transactions, can be reflected through this index.
Pay attention to the front of knowledge points: what is included on the chain transfer transaction?
– OTC transfer (such as transfer ETH, BTC and Token)
– exchange recharge and withdrawals
– call intelligence contract
– drop candy etc.
The new address is the address of the first transaction, in other words, an address once the transaction, it marks its new. Through this index, we can understand that the growth trend of a project for new users.
How can we understand these indexes?
The increase in the number of active address can be simply understood as user active growth, if a project can maintain long-term active growth, it is a very good signal.
The new address number can be seen as a special case of active address for the combination of the two indicators, the address to the user, if the daily active users, new users ratio continued to rise, indicating the influence of the project gradually expanding, more and more attention and participation in.
Simple summary, long-term stability of basic index is the increase of positive information here, “the long-term growth” must be emphasized again, short-term fluctuations reasonable volatility is normal, but not necessarily.
For example, short-term surge index, is not necessarily a good signal, more likely to be a flower briefly as the broad-leaved epiphyllum fluctuation. Many events will lead to a surge in short-term basic indicators, especially some gimmick nature, not much support the long-term development of the project or the news industry, will lead to everyone’s attention in the short term, as the hot spot gradually dispersed, attention will cause decline in basic index fell.
We see some real data:
This is the new BTC nearly 3 months of active address and trend, you can see the two indicators have maintained a steady trend, the overall increase slightly.
Compared to BTC, the new ETH in 3 months and active index fluctuations more obvious, since the third month early growth has increased slightly compared to the beginning.
New BCH and active in the past 2 months have a significant surge, active address in February the growth rate slightly greater than the new address, that old users contribute more on the chain of transactions. But from the beginning of March the new growth began to address significant, which means that BCH is gradually attracting more new users to enter.
If the proportion of new users can reflect the growth of the influence of the project, so it is best to quantify the influence of the index project?
To answer this question, we need to further break, the new address is equivalent to 1 days after birth. In other words, we use 1 days of birth address represents a new user, then 2 days after birth also belong to the new address address, also should be able to represent new users. Then the problem, new users with a few days of birth interval representation is relatively the most reasonable? Different threshold “new user” proportion index effect is what? The index is associated with the price?
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