Here I have simply shown you the date and the number of payments made on that date. There appear to be 10,000 or so payments that are constantly being sent on the ledger. This number has increased to an average of around 30,000 payments this year. Conclusion; The number of payments being sent on the ledger nearly always increases as the price does. Either payment providers are waiting on higher price action to send payments that are supposed to be instant thus defeating the purpose OR the increasing number of payments drives the price higher.
Please tell me why utility hasn't been driving the price ALL along. The data suggests otherwise and is non-disputable.
Number of payments (increase) = higher price.
Why isn't anyone else seeing this?
Please tell me why utility hasn't been driving the price ALL along. The data suggests otherwise and is non-disputable.
Number of payments (increase) = higher price.
Why isn't anyone else seeing this?
Comment:
The two purple bubbles represent the only major price swing that did not see major differences in the amount of payments being sent in between swing high and low