This is a nice metric. We will look at incorporating this into a potential variable that influences the value of blockchain assets. Some of the variables currently considered were presented here btw:
https://steemit.com/bitcoin/@kenraphael/a-review-of-a-few-fundamental-metrices-that-drive-bitcoin-value-and-what-they-currently-indicate
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Thank you. We've been trying to figure out the metrics ourselves, please take a look and let me know what you think:
https://coincheckup.com/how-we-stay-unbiased
https://docs.google.com/document/d/1jnmTA1B_eQsBNaO_JkvlX-5f5TwcOUDR58HLGNfoPjQ/edit#heading=h.vtzcqvbw7wnb
This is very elaborate and well thought out. Definitely better than simply tryign to deivine vlaue based solely on price charts. I'll be recommending this to anyone who is looking for some more fundamental analysis.
Consider adding daily adoption rate, if the info is available. For many coins this can be derived from the blockchain. Based on network effects models, we found here that this is the best dynamic correlating metric for succeeding growth of the end user assets.
https://www.sciencedirect.com/science/article/pii/S1567422317300480
Since many of these assets are end user assets - this measure can be like a dynamic scoring within the "Coin Strength" section, so it will also alert when the asset is growing or provide warning signs when it is waning. It can be used in moving average form like averaged over 30 days and updated monthly.