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.

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!

0

Conversations (0)

No comments yet
Be the first to comment