Anyone know what happened to the airdrops on coin market cap? I went to their airdrop page and is displaying as “no data is available now” under everything but ‘Ended’, and pretty sure airdrops aren’t extinct. submitted by /u/Equivalent_Song_2918 [link] [comments]
submitted by /u/thegooddocgonzo [link] [comments]
Ethereum, while being by far the most popular, practical and most valued chain for multipurpose use, has been criticized by a good deal of people for being harmful for the environment considering how much energy it consumed daily to meet the demands of the market. I can now happily say that these people can finally…
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An analyst has suggested that two on-chain signals may be used to predict Bitcoin falls as they seem to have historically preceded drops in the crypto’s price. Bitcoin Selling Of 7yrs-10yrs Old Coins Spiked Up Recently As pointed out by an analyst in a CryptoQuant post, BTC dumping of coins aged between 7 years to 10 years and ETH dominance rising up can be two signs to look for before falls in the coin’s value. The first indicator of relevance here is the “Spent Output Age Bands,” which checks for on-chain movement of coins and tells us which age groups were responsible for them. The different “coin age groups” in the market include coins based on the total amount of time they were sitting idle for before being moved or sold. The group in question here is the “7 years to 10 years old” cohort. The Spent Output chart for this group, therefore, shows how many coins were moved that were previously sitting idle for periods in this range. Here is the graph for it: The value of the metric seems to have spiked up in recent days | Source: CryptoQuant As you can see in the chart, the quant has marked the relevant points of trend for this Bitcoin indicator as well as the corresponding BTC price. The analyst explains that whenever the spending of the 7 years to 10 years age band exceeds 5000, BTC usually observes a downtrend in its value. Related Reading: Bitcoin Monthly Stats: Cost Basis, Long-Term Holders, And The Cyclical Bottom Out of the 7 times the signal was seen during the last few years, only once did the price not register a plunge down. Ethereum Dominance Was Also Elevated In Recent Weeks The other indicator that the analyst believes to be of note is the “ETH dominance,” which is a measure of the total crypto market cap percentage share for Ethereum. The below chart shows the trend in this metric over the last few years. Looks like the value of the metric has been high recently | Source: CryptoQuant It seems the Ethereum dominance exceeding the 20% mark has also been a bearish sign for Bitcoin during this period. In conclusion, the analyst suggests that proper use of these two indicators in conjunction may help investors prepare for downtrends in the future. Related Reading: Quant Explains How Whales Moved Before And After Ethereum Merge At the time of writing, Bitcoin’s price floats around $18.7k, down 16% in the last seven days. Over the last month, the crypto has lost 18% in value. The below chart shows the trend in the price of the coin over the last five days. BTC’s value has plunged down over the last day | Source: BTCUSD on TradingView Featured image from Bastian Riccardi on Unsplash.com, charts from TradingView.com, CryptoQuant.com
For whatever reason, it seems that the community is split on whether technical analysis (TA) is a useful metric in today's crypto volatility. I'm here today to discuss how cones are not just good indicators of how markets move, but also how these cones are baked in to our culture and the way we all…
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Uncertainty over the Federal Reserve’s upcoming rate hike is keeping Bitcoin and altcoins under pressure. This could change if the expected 0.75% bps hike is selected.
Uncertainty over the Federal Reserve’s upcoming rate hike is keeping Bitcoin and altcoins under pressure. This could change if the expected 0.75% bps hike is selected.
The public has until Nov. 3 to submit comments on the Treasury addressing ransomware attacks, the illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy.
hi i've been considering doing this thing where you get 32 ethereum and be a validator, but here's the problem the claims are that "staking is easier", but i just don't see it. how the hell do you expect a random person to be able to download and store 1000 terabytes of data without it…
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submitted by /u/aweblasome [link] [comments]
