Down, but not out: Hereâs why Theta could be a breakout star in 2022
THETA price is more than 73% down from its all-time high, but there are still a handful of reasons why traders might consider keeping an eye on the project.
THETA price is more than 73% down from its all-time high, but there are still a handful of reasons why traders might consider keeping an eye on the project.
Hey guys, basically the title. because of the eth gas fees I switched over to polygon. Usually I would mine eth and send to coinbase pro, sell, cash out. But now with WETH I'm confused about the whole process to cash out to my bank really. I'm probably just really dumb. Can someone link a…
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Having been through various financial stages in my life, from dirt poor to having a bit more money, and in between, I can relate to what it's like to invest when you don't have a lot of money. For the average regular person, investing is scary: Losing money slows down their life even more, because…
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submitted by /u/0xstark [link] [comments]
submitted by /u/micahbullis [link] [comments]
Hi there, I just recently started staking my ETH on my argent wallet through Lido. After receiving my wstETH I have been monitoring it and the amount of wstETH in my wallet has not increased. When do I start to see my staking rewards for staking my Ether? Sorry if this is a dumb question…
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YouTube sucks. TikTok is for dumb people, and cat ladies. (Sorry, I'm a cat dad myself, I know the temptation to watch those cat vids for hours. DON'T GIVE IN.) 30 seconds or 3 minutes is arguably the wrong constraint; it should be everyone has 1 hour, then the algo sorts who kept the attention,…
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submitted by /u/smidovski [link] [comments]
I made a contract back in 2017 tied to two addresses, then lost the keystore files for a while. I found them again and would like to pull some Ether out of this MSW contract, but have no idea what software to use in order to do this. What is the current way people are…
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Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The âpercentage of BTC supply on exchangesâ is a metric that tells us the ratio between the exchange reserve and the total supply of the crypto. When the value of this indicator moves up, it means exchange wallets are receiving a net amount of coins. As investors usually send their coins to exchanges for selling purposes, this supply is often referred to as the sell supply of the market. Therefore, an uptrend in it can be bearish for the price of the crypto. On the other hand, when the metricâs value moves down, it means holders are withdrawing their Bitcoin from exchanges. Prolonged such trend can imply there is accumulation going on in the market, and the available supply is shrinking. Hence, downwards movement of the indicator can be bullish for BTC. Related Reading |Â Bitcoin Miners Show Strong Accumulation As Their Inventories Spike Up Now, here is a chart that shows the trend in the value of this metric over the past few years: Looks like the supply on exchanges has been heading down since a while now | Source: CryptoQuant As you can see in the above graph, the percentage of the Bitcoin supply on exchanges has shrunk down to just 12% now. The indicatorâs last all-time high (ATH) was made at around 16%. Since then, the metric has been steadily making its way down, and has now dropped 4% in value. Related Reading |Â Jack Dorseyâs Block To Democratize Bitcoin Mining With Open Source Mining System Some traders believe that this decrease in the supply on exchanges may be creating a supply shock in the market. Such a scenario would be bullish for the price of Bitcoin in the long term. However, some recent data goes against the narrative, arguing that the supply has merely redistributed itself in the form of investment vehicles like ETFs. BTC Price At the time of writing, Bitcoinâs price floats around $42.7k, up 3% in the last seven days. Over the past month, the crypto has lost 11% in value. The below chart shows the trend in the price of the coin over the last five days. BTC’s price has once again started to move sideways in the $40k to $45k range over the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com