As we all know there are many new crypto enthusiasts that join the market on a daily basis and as such there are new wallet address that are generated daily. However, China may be the reason for the largest hike in bitcoin addresses generated within 24 hours, which is recorded to bee the highest point in the last two years.
Typically globally the market sees around 5000 to 10000 bitcoin addresses being generated on a daily basis, and this is considered to be normal. However, recently a report shows that 22000 bitcoin addresses were generated on a single day. This clearly shows the number of new people that are entering the crypto world.
What does this mean for crypto? I think that if more people are coming in, the demand should increase and we should see this with an increase in the price. Do you guys agree with me or do you differ in opinion. I look forward to what you guys think in this thread.
Typically globally the market sees around 5000 to 10000 bitcoin addresses being generated on a daily basis, and this is considered to be normal. However, recently a report shows that 22000 bitcoin addresses were generated on a single day. This clearly shows the number of new people that are entering the crypto world.
What does this mean for crypto? I think that if more people are coming in, the demand should increase and we should see this with an increase in the price. Do you guys agree with me or do you differ in opinion. I look forward to what you guys think in this thread.