Active addresses ratio

What is the “Active addresses ratio”?

The percentage of addresses with a balance that had a transaction during 24h for a particular crypto.

Why is the “Active addresses ratio” important?

Usually, an increase in the price of cryptocurrency is followed by an increase in the number of active addresses. This is due to the fact that rising prices attract retail investors, who buy on a growing trend. Thus, with the help of the active addresses' indicator, it is possible to monitor the moments of overheating of the market.

How is the “Active addresses ratio” calculated?

Active addresses ratio = Daily active addresses / Total with balance addresses.