Based on objective criteria do you think Monero adoption is growing or shrinking?
Which objective criteria do you look at to determine if the Monero project is growing? In other words, how do you measure if Monero adoption is growing or shrinking?
Here's what ChatGPT says to look at.
"There are several objective criteria that can be used to determine if adoption of the Monero project is growing or shrinking:
Market capitalization: Monero's market capitalization reflects the total value of all Monero in circulation, which can be an indicator of demand for the cryptocurrency. A growing market capitalization suggests that more people are buying and holding Monero, while a shrinking market capitalization suggests the opposite.
Trading volume: The trading volume of Monero on cryptocurrency exchanges reflects the level of interest in buying and selling Monero. Higher trading volume suggests that more people are actively trading Monero, which could be an indication of growing adoption.
Number of wallets: The number of Monero wallets in use can be an indicator of adoption, as it suggests how many people are actively using Monero. A growing number of wallets suggests that more people are using Monero for transactions, while a shrinking number of wallets suggests the opposite.
Number of merchants accepting Monero: The number of merchants that accept Monero as payment can be an indicator of adoption. A growing number of merchants suggests that more people are using Monero to make purchases, while a shrinking number of merchants suggests the opposite.
Developer activity: The level of activity of Monero's development team can be an indicator of the project's growth. More active development suggests that the project is evolving and improving, which could attract more users and investors.
Overall, monitoring these metrics can provide insights into the growth or decline of Monero's adoption over time."
Based on these 5 criteria what's your assessment, is Monero adoption growing or shrinking? Are there other criteria that you would include?