Thread by @CryptoJeromeFR

I made quick calculations comparing Crypto Reddit growth vs price variation.

Results below 👇👇👇👇

1/n Reddit Followers Growth since 31/12/2020 :

#Ethereum grew from 510k to 921k
#Cardano grew from 94k to 433k

#Dogecoin grew from 172k to 1.8M
#Pancakeswap grew from 50 to 32k
#Tezos grew from 31k to 45k
#Litecoin grew from 218kt to 323k

2/n Price growth since 31/12/2020

#Ethereum grew 422%
#Cardano grew 1204%

#Dogecoin grew 11334%
#Pancakeswap grew 5087%
#Tezos grew 205%
#Litecoin grew 144%

Do do you see a pattern ?

3/n #Dogecoin, #Pancakeswap, #Cardano have been among the fastest growing communities on reddit and price growth is also top percentile.

Meanwhile, #Tezos, #Litecoin, and to some extent #Etereum have had slower growth in terms of community, and price has been somewhat lagging

4/ Is price growth causing the community growth or vice versa ? Its very hard to tell.

But its interesting to see that communities growing the fastest and engaging with each other are the best performing ones price wise.

5/n Numbers of comments per post are among the highest in r/Doge, r/Cardano, and r/Pancakeswap. This is showing high level of engagement from those communities.

6/n Reddit is a very Westernized view of the world, and i'm sure we could compile much more data to track community growth an engagement more accurately.

What seems to matter right now more than utility is network growth, but more importantly the speed of growth.

7/n Interestingly, from one cycle to the next Growth can lose steam.

#Litecoin is a prime example. The network grew really fast back in 2017, but is growing at a very low pace at the moment, along with #EOS, #Tezos and other legacy coins.

So tech doesn't seem to matter (yet?)

8/ #Cardano is among the coins from 2017 that were able to maitain and even accelerate networth growth this year.

One of the reason could be that when your core values are aligned with something , people tend to talk about it in their cricles, accelerating visibility/adoption.

9/ #Litecoin #BCH #EOS #Tezos and other older networks are growing in terms of market cap, but will probably lose market share against smaller but faster growing networks.

No matter the tech, having the ability to be visible in this crowded market is QUINTESSENTIAL for growth.

10/n One could do the same exercice with wallet address growth and it would point to the same direction.

You can build all you want, but if you're unable to put it in the hands of people, its worthless.

11/n My guess is that we are slowly entering the "Productive asset" phase (18-24 months) and if you're worried Cardano won't be part of the game, just realize that other platforms have no one to hand their killer apps to.

12/ Until then, network growth is all that matters in my opinion.
Hence why everyone is confused with Cardano breaking ATH on its own right now. They are looking at the wrong metrics.

Thanks a lot for reading :)