Bitcoin Adoption Rate Accelerates Using The Advance Cluster Algorithms

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Well what a year I must say, we barely made it out of the first quarter and the several activities in the financial space has proven that this year ain’t going to be like the other ones which passed, the crypto sector has been experiencing quite a bump on this as regards it’s market sale and it’s adoption. With the collapse of several financial institutional firms which puts it that financial system wasn't built to last or trust.

As this has played a major role in influencing the adoption rate of bitcoin as the market intelligence firm says that the bitcoin network is showing a lot of strength in two areas, such areas are the transaction volume which has risen more than previous years which they took a look at the monthly average of transaction counts has hit 309.5k/day this week, which is the highest level since April 2021, and a significant break above the yearly average. Fewer than 12.2% of all days have seen more transaction activity for Bitcoin, a healthy sign.”

And the other one is new users/players are entering the space to a level that has surpassed the previous ones before the bullish run, which they discovered by making use of their advanced clustering algorithms, we can estimate the number of unique new entities operating on-chain as a best estimate for unique new users. This metric has reached 122,000 new entities/day, with just 10.2% of days seeing higher new user adoption rates, namely at the 2017 peak, and during the 2020-21 bull run.

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