• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Bitcoin Addresses Active in November Were Almost as High as Dec. 2017

by
December 5, 2020
in Uncategorized
0
Bitcoin Addresses Active in November Were Almost as High as Dec. 2017
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin

Quick take:

Related articles

BSCPAD Launches, Revolutionizing the IDO Model With Over $300 Million Trading Volume

April 12, 2021

Altcoins – The Tools of a Decentralized Society?

April 12, 2021
  • The month of November saw 19.6 million active Bitcoin addresses
  • This amount is Bitcoin’s third-highest in its history
  • A higher number of active Bitcoin addresses was only witnessed in December 2017 and January 2018
  • Such a high number of active addresses points towards increased adoption of Bitcoin
  • High network activity on the Bitcoin blockchain is a confirmation of a bull season for BTC

The number of active Bitcoin (BTC) addresses in the month of November 2020 hit a high of 19.6 million. According to on-chain metrics from the team at Glassnode, this number of active Bitcoin addresses is the third-highest value in BTC’s history. Higher active addresses were only witnessed in December 2017 and January 2018. The team at Glassnode further providing the following chart to visually demonstrate this fact.

Bitcoin Addresses Active in November Were Almost as High as Dec. 2017 26

Bitcoin Adoption is Growing and 30% of World Population Could Own BTC

The increased number of active Bitcoin addresses in the month of November is a confirmation that BTC is continually being used for regular financial transactions and as a store of value. Veteran Bitcoin analyst, Willy Woo, estimates that if the current adoption rate continues, 30% of the world’s population will own Bitcoin in 4 years.

Mr. Woo shared his prediction of Bitcoin’s adoption via the following statement.

Surprising fact: Assuming Bitcoin adoption rate continues its present 2.2x per year “Moore’s Law” of growth (which it has for 10 years so far), then 30% of the world population will own Bitcoin in 4 years time.

Bitcoin’s Metcalfe’s Value is at $12k

Network activity on the Bitcoin blockchain is also at the core of the Metcalfe model used by Timothy Peterson of Cane Island Alternative advisors. According to his model, Bitcoin’s Metcalfe value currently stands at $12k and is the lowest price forward based on activity on the BTC network.

Mr. Peterson shared this value of Bitcoin via the following Tweet and also emphasized the importance of adoption in determining the current and future value of BTC.

Today is #bitcoin 12K day. Assuming adoption continues as it has for the past 10 years, the lowest price forward for bitcoin from today is $12,000. https://t.co/gJjWzwJxT6

— Timothy Peterson (@nsquaredcrypto) November 30, 2020

Share76Tweet47

Related Posts

BSCPAD Launches, Revolutionizing the IDO Model With Over $300 Million Trading Volume

by
April 12, 2021
0

PRESS RELEASE. The first decentralized IDO platform for the Binance Smart Chain Network launched with a bang. The BSC Launch...

Altcoins – The Tools of a Decentralized Society?

by
April 12, 2021
0

That there are hundreds of relevant cryptocurrencies and thousands in circulation seems daunting and confusing from the outside. What’s the...

The 99 Unique Early Crypto Art Hard Cap

by
April 12, 2021
0

  There are only 99 individual pieces made out of 33 works, baby! Since coming into this space, starting Art...

“Cryptocurrencies are the Future of Money, Bitcoin Is Not” says Economist

by
April 12, 2021
0

Professor Steve Hanke says that cryptocurrencies backed by a currency board are the future of money, but not Bitcoin. (Read...

Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees

by
April 12, 2021
0

On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees. (Read More)

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

BSCPAD Launches, Revolutionizing the IDO Model With Over $300 Million Trading Volume

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

BSCPAD Launches, Revolutionizing the IDO Model With Over $300 Million Trading Volume

April 12, 2021

Altcoins – The Tools of a Decentralized Society?

April 12, 2021

The 99 Unique Early Crypto Art Hard Cap

April 12, 2021

“Cryptocurrencies are the Future of Money, Bitcoin Is Not” says Economist

April 12, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.