CRYPTO CATCH UP: WINTER IS HERE [DATATREK RESEARCH]

Reprinted DataTrek Report on IntelAlley:

#1. There is little momentum in the 2 key indicators we watch to predict future price moves:

  • US Google searches for “bitcoin” are at their lows for the year just now, down 93% from their December 2017 highs.
  • Worldwide searches are at similarly low levels, down 91% from their highs.
  • September bitcoin wallet count will come in at about a 2.3% growth rate. This is slower than August’s 4.1% growth rate and July’s 4.7% rate.
  • Takeaway: there is little interest in the space just now, which explains the recent difficult performance across most cryptos.

#2. Even with that decline in engagement, bitcoin is still by far the most recognized crypto currency”….

Read the whole report here on IntelAlley!

Interesting Image
 

Out-Think Other Investors.

 
Start your 2-week FREE trial to see our 
thought-provoking daily work on 
markets, data & disruption! 
 
 
 
By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.