Analysis: Anticipation of a Crypto Price Surge as Web3 Addresses Soar
CryptoNewsTerminal Staff25 May, 2024
Analysis: Anticipation of a Crypto Price Surge as Web3 Addresses Soar
Crypto market analyst Jamie Coutts of Bloomberg Intelligence believes that the recent surge in active Web3 addresses is a sign of an impending increase in cryptocurrency prices. According to Coutts, the number of active Web3 addresses has increased by an average of 100% per year since 2019. While the growth slowed down to 40% during the bear markets of 2022 and 2023, it has recently picked up again. Coutts sees this as an indicator that a substantial increase in the prices of crypto assets is likely on the horizon.
