Network growth has been steadily growing larger and stronger over the last two years. While many people only look at the value of bitcoin, they are failing to see the adoption rate. The bitcoin price may have dipped slightly recently, and the record all-time high price of $1,124 USD of late November 2013 may now seem like a long way off.
The bitcoin network itself is continuing to grow larger than ever. While according to Metcalf’s Law, which states the value of a telecommunications network is proportional to the square of its users. There comes a point in this rate of growth where the tipping point is more easily discernable. This article aims to give alternative insight into the growth within bitcoin. We can safely assume that if the total rate of growth and adoption included the entire cryptocurrency space then the numbers would show an even greater adoption rate.
And we can see the exponential growth of the bitcoin network by looking at the following data. The number of transactions per day on a seven-day average excluding popular address recently peaked to a new all-time high. From around 21,000 per day on a seven-day average about two years ago. Up to recently nearly 114,000 transactions per day on a seven-day average.
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All the appropriate metrics are looking on the upside plus all the positive news lately. This is all piling up like the boring phase prior to the moon rise back in the end of 2013. I almost firmly want to predict epic shit this fall before thinking back on how bitcoin messes with us and does its own thing when it wants.
and you didnt even mention nasdaq, nyse and so on. people that only look at the price and dont follow the important news will always be on the wrong site.
