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RE: Math-Based Fundamental Value Analysis Has Been Right About Bitcoin Bear Trend So Far - What Does it Tell Us About When Sustained Growth Will Return?
That is indeed looking possible based on the numbers and the trend. I should point out though that it looks like the above graphic is comparing cumulative unique addresses in ethereum with just the new daily unique addresses in bitcoin, so some care needs to be taken with such comparison because they'd be different quantities. But your point is well taken. And some of that is evident in this peer reviewed journal article: https://www.sciencedirect.com/science/article/pii/S1567422317300480