Taking crypto’s pulse: ‘Price’ alone is a deceptive metric
2018 has been a bad year for digital asset investors, which came as a stark contrast to the 2017 bull market. Bitcoin has lost over 75 percent while the majority of altcoins are down by over 90 percent year-to-date.
To determine the health and the growth of the cryptographic asset market, it is prudent to consider other metrics. Using the Ethereum network as a proxy for the greater digital asset sector, we can deduce that there are other factors that provide insight into how well a blockchain network is performing.
In this article, we will discuss recent data from the Ethereum network published by ConsenSys, which suggests that although ETH has been one of the biggest losers in 2018 in terms of value - the Ethereum network is actually performing better than its token's price suggests. Ethereum's digital token, ether (ETH), has dropped from its all-time high of $1,417 in mid-January to its current value of around $92. This marks a 93 percent price decline in 2018. However, it is important to note that the price should not be the only metric to be taken into consideration when evaluating a blockchain network - both as an investor and from a business impact point of view.
