#ActiveUserImpact User activity in a cryptocurrency network, expressed through on-chain metrics such as the number of transactions and active addresses, can influence the price dynamics of digital assets. However, this relationship is not always direct and unambiguous.

A study published in December 2023 analyzed more than 130 million messages on 122 cryptocurrency subreddits and found a strong correlation between online community activity and the price movements of various cryptocurrencies. In particular, changes in the number of messages often preceded price changes. A simple strategy based on increasing the number of posts could lead to a threefold increase in investment. In addition, the emotional dynamics of communities showed that joy prevails when the market rises, while a fall is accompanied by an increase in anger. 

However, other studies show that high on-chain activity does not always lead to higher prices. For example, an analysis of 18 of the largest cryptocurrencies showed that only a few of them, such as Bitcoin and Litecoin, have a significant positive correlation between

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