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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Zcash (ZEC), Litecoin (LTC), and Dash (DASH) Had Biggest One-Year Increase in Circulating Supply

  • Alex Morris
    📊‍ Infographics

    Circulating supply is one of the main factors one should consider before investing in a certain cryptocurrency

Zcash (ZEC), Litecoin (LTC), and Dash (DASH) Had Biggest One-Year Increase in Circulating Supply
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New DataLight study reveals what cryptocurrencies had the biggest one-year change in the total number of coins. Zcash (ZEC) leads the pack with a whopping 80.31 percent increase.

Zcash is in the lead

At press time, the total circulation supply of ZEC currently stands at 5.8 mln. For comparison, it had only  3.2 mln coins at the same point in 2018. Still, even with the above-mentioned increase, that’s a very low coin supply, and one of the leading privacy coins has plenty of room for growth.

👉MUST READ Harry Potter–Themed Cryptocurrency Threatens Major Privacy Coins, But Zcash CEO Is Not Afraid of Its Magic


Just like Bitcoin (BTC), ZEC has a fixed circulating supply of 21 mln. BTC, the world’s flagship cryptocurrency, saw its number of coins grow by 4 percent. Bitcoin’s circulating supply exceeded 17 mln back in April 2018.

Meanwhile, Monero (XMR), the main competitor of Zcash in the privacy coin niche, is expected to have 18.4 mln coins in circulation by 2022. With a 6.85 percent yearly increase, there is currently 16.7 mln XMR.

Less is more in the world of crypto

Litecoin (LTC) and Dash (DASH) are in second and third places with their circulating supply growing by 9.52 percent and 9.49 percent respectively. Tron (TRX), for comparison, only witnessed a 1.4 percent gain, but it already has the biggest coin supply on the list with 66 bln TRX.

A small circulating supply creates more demand, which is why the likes of Bitcoin and Zcash can be considered scarce assets. Subsequently, many investors are shooed away by cryptocurrencies with mammoth-size supply, but the coin’s market cap is the only thing that matters in the end.  

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Number of Active Bitcoin Addresses Continues to Grow While BTC Price Remains in Limbo

  • Alex Morris
    📊‍ Infographics

    💪💥There is a divergence between new addresses and the BTC price, but it doesn’t mean that another bull run is coming anytime soon

Number of Active Bitcoin Addresses Continues to Grow While BTC Price Remains in Limbo
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There has been a common belief that the number of active Bitcoin addresses and the asset’s price are somehow correlated. However, it turned out not to be the case after the latter continued to stagnate despite the Bitcoin user base growing significantly over the last eight weeks.

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Little impact on price

While the number of Bitcoin addresses increased by 17 percent since Jan. 20 till March 17, the Bitcoin price only experienced minuscule growth of 1 percent over the same period of time. The fact that there is a divergence between the number of addresses and the Bitcoin price doesn’t necessarily mean that another bull run is in the offing. In fact, there was steady growth in active addresses during the prolonging bear market (since 2014 till 2016), and it didn’t impact the price.

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The TAAR metric  

Transaction volume is a more reliable metric when it comes to determining the tops and bottoms of the Bitcoin market. However, in order to get the most precise correlation, one has to factor both average trading volumes and the number of active users (the TAAR metric). The TAAR tends to be a fairly accurate indicator of an upcoming bullish/bearish trend. 

The TAAR metric  

 

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