Signal quality - up-running correlation of DAA & token price
Goal:
Create a personal sense about
- prevalent occurrence and quality of up-running correlation of DAA compared to price
- quantity of false signals
Tool:
- Sanbase
- On chain data: Daily Active Adresses
- Timeframe: „All“
Tokens evaluated:
- current top 100 marketcap
- with DAA data available
Explanation of data table:
Rating evaluates the up-running correlation of DAA compared to price.
1 (low) - At least one price increase is signalled by grown DAA. General correlation weak.
2 (medium) - Some price increases are signalled by grown DAA. General correlation noticeable.
3 (strong) - Allmost all price increases are signalled by grown DAA. General correlation strong.
Tokens with no correlation are not part of the table.
A false signal is defined as the following simultaneous occurence of events:
- significant rise (>20%) of DAA compared to previous week
- no significant price increase in the upcoming four week
- no prior or identical price spikes
- not at beginning of data recording or token distribution
False signals will be marked if at least one occurrence can be spotted in the chart.
Disclaimer:
Whole evaluation has been done with human eye. No programmatic analysis has been implemented.
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