Nate Maddrey, senior analysis analyst of Coin Metrics, provides an outline of how the main crypto networks ended 2019. We focus on how Bitcoin outperformed most different crypto property final 12 months, the way it has been considerably correlated with gold this 12 months, whereas different crypto property usually are not, and the way the worth motion of Bitcoin and Ethereum is beginning to uncouple. We additionally discuss “realized cap,” which is when every particular person coin final moved on chain, and “market cap to realized cap” (MVRV), which is a manner of taking a look at when the present holders will acquire earnings in the event that they promote, and the way Bitcoin’s traders are within the black, or that maybe Ethereum is undervalued. One other subject was stablecoins, and the way Tether on Ethereum has overtaken Tether on Omni and why, plus which different stablecoins are seeing progress. He additionally covers which 4 networks have seen their variety of energetic addresses drop, how all these additionally noticed their costs lower and the way solely Bitcoin and Ethereum had a considerable quantity of every day charges, and why that’s important.
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Episode hyperlinks:
Nate Maddrey: https://twitter.com/natemaddrey
Coinmetrics: https://coinmetrics.io/
State of the Community 2019 submit: https://coinmetrics.substack.com/p/state-of-the-network-2019-year-in
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