This paper sheds light on metrics that are correlated with the price of crypto assets. We conduct a literature analysis to derive such metrics and apply them to the market price of selected ERC-20 tokens. We find that monthly active addresses, as an approximation of a token’s user base, and the Bitcoin price, as a representation of the market, share a positive relationship, while monthly active addresses of stablecoins share a negative relationship with the price of the examined token. — Authors: Alexander Stober, Philipp Sandner

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Philipp Sandner

Professor | Lecturer | Author | Investor | Frankfurt School Blockchain Center

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