Author: dfmines

This year has been marked by numerous lows for bitcoin. The digital asset has seen yearly lows in the exchange reserves, transaction fees, and now, the short-term supply of bitcoin is down. The short-term supply has been shrinking for the past year. With declining volumes showing trends that have not been seen in the past five years. Given the low volume of bitcoin transactions, which has led to low transaction fees, only few bitcoins are moving around the network. One And Three-Month Lows Show Shrinkage Bitcoin is no longer being spent as it was in the past. One of the leading ideas behind the creation of the digital asset was so it could double as a currency, one which was not controlled by any one person or entity. Early adopters stuck to this initial vision. Using BTC for purchases where they can. Metrics show that in the past month, 6.8% of the asset’s total supply has been spent. While the three-month trend shows that only 15.8% of the total supply has been spent by investors. Related Reading | Bitcoin Suffers As Mid Caps Cryptos Establish Market Dominance With Wide Margin The three-month lows show the short-term supply of bitcoin is shrinking to 2015 lows. In the month of August, short-term supply hit a low of 6.75%. With a slight increase that only happened after the asset had recovered back towards the $50,000 mark. But this did not last long. The supply per month is in a declining trend, indicating that subsequent months will also see shrinking short-term supply. BTC supply has continually shrunk for the past three months | Source: Arcane Research How Short-Term Supply Affects Bitcoin Price Although low, the declining short-term supply of bitcoin does spell good news for the asset. It indicates that investors are still holding on to their coins, showing bullish sentiment amongst the investor community. It also shows that bitcoin’s recent gains have motivated investors to hold their funds. Instead of moving it onto exchanges to sell and cash out their gains. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course With hold sentiment on the rise, it will play into the favor of BTC. The asset’s value is likely to rise with more investors holding their BTC bags. Increased sell pressure also motivates new investors to buy into the coins. Simultaneously motivating old investors to stay and ride out the low periods in wait for the bull markets. BTC price trading above $48,000 | Source: BTCUSD on TradingView.com The current trends show declining short-term supply has happened when the asset has witnessed a crash or dip in its price. It is obvious that investors are taking advantage of these price dips to top up their bags. Panic selling has also dropped dramatically in the market with more understanding of price movements. Leading to more diamond hands in the market. Bitcoin, it seems, has entered the era of holding. Featured image from Master The Crypto, chart from TradingView.com

Polker.Game has been bringing a constant stream of updates, development, and listings over the last few months – and they are not showing any sign of slowing down. Polker is one of the major sponsors of Polycon 2021, the largest Polygon event of the year – all this less than 10 days after Polygon announced the partnership and awarded a grant to Polker. The day before Polycon went live – Wednesday the 15th of September – Polker surprised the community with the announcement of a huge giveaway. The NFT giveaway is massive – 1st place is going to be a Holographic Ultra-Rare. This sold at auction in August for over 3.3ETH ($10,000). There will also be 9 other NFTs for the runners-up. This is not all – 500 people will be winners of 50 PKR tokens! Polker Release Staking Platform – Countdown Begins Just one day after the news of the competition, Polker announced that staking of their native token PKR will be going live on Friday the 24th of September at 13:00EST. Polker’s initial staking pool will run for 90 days and will go live with $100,000 of PKR tokens. With the constant stream of events and announcements expected throughout these 90 days, the value of the $100k at the end is likely to be much greater – an opportunity much too great to miss out on for a project with such potential. Staking is going to work on the Ethereum blockchain – and they will be hosting the staking pool on their own fully audited platform. The development team have proven yet again that not only do they understand how to develop impressive gaming content, they are more than competent at blockchain implementation too. Have a look yourselves, the countdown is live on their website! Polker NFT & PKR Giveaway With the huge amount of positive news recently from Polker it seems the team has decided to allow everyone to win some of their impressive NFTs. This includes one Ultra-Rare, two Rare, and six Standard NFTs – these will be given to those who make the single largest buys on either PancakeSwap or Uniswap during the competition period. This isn’t just for whales though – everyone who makes a buy and submits the transaction hash (txid) to Polker will have the chance to win one of 500 prizes of 50 PKR tokens. The competition will run until PKR staking goes live, so you have until Friday 24th to partake in this giveaway. Further information on this can be found on Polker’s Medium here. Polker.Game In The News Polker’s name has been appearing more and more frequently across the crypto world in recent weeks. This seemed to begin as PKR listed on centralized exchange BitMart and as Akon, the R&B superstar and crypto enthusiast shouted out to Polker. The video can be seen here. Shoutout to Polker man, this game is revolutionary, I got a chance to play and wow, a card game experience in 3D, built-in Unreal Engine 4, this is hands down, this is the best play to earn, NFT game in the space.” — Akon More About Polker Polker is preparing to release their Play-to-Earn poker platform, a unique and impressive online gaming experience utilizing Unreal Engine 4. The game will be available for absolutely anyone to play, for those looking to play a couple of quick hands at a table without wagering any money – the game is available completely free. Polker’s native token has a market capitalization under $4m – with the amount of news and development going into this project it’s clear that not only is this a project to keep your eye on for their products, it’s also an investment opportunity too good to miss.

Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.” Coinbase Registers to Offer Crypto Futures and Derivatives Trading Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has […]

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The smart contracts platform has made substantial progress within the DeFi space since its launch last year.

If everything fell by 90% and didn't show signs of recovering, would you panic and chuck in the lot, or would you treat it as an opportunity to buy? Would you have the stomach to watch your investment drain away and keep putting money into something showing few signs or life? Hindsight makes mid 2018-2019…
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