Crytocurrency
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Market Analysis -
1 year ago
CryptoSlate looked into Glassnode data representing year-to-date (YTD) reviews of leading assets and currencies and revealed that Bitcoin (BTC) performed better than Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN)...
Crytocurrency
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Market Analysis -
1 year ago
CryptoSlate looked into Glassnode data to evaluate OpenSea’s performance in 2022 and revealed that the marketplace’s dominance fell to 33% from 50% in January.
At the beginning of the year, OpenSea corresponded to 20% of the total Ethere...
Crytocurrency
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Market Analysis -
1 year ago
At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry.
The massive influx of collections, new marketplaces, and easy money in the space created the perfect mix of...
Crytocurrency
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Market Analysis -
1 year ago
The second largest cryptocurrency by market cap, Ethereum (ETH), implemented a token burn mechanism on Aug. 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. Since then, nearly $9 billion worth of tokens have been burned cumulati...
Crytocurrency
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Market Analysis -
1 year ago
Arcane Research’s 2022 year-end report cited that 2022 was the second-worst-performing year for Bitcoin (BTC), as the leading crypto saw a 65% decrease throughout the year, only beaten by the 73% sink recorded in 2018.
BTC, ETH, BNB, S&P500...
Crytocurrency
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Market Analysis -
1 year ago
The open futures interest and the futures estimated leverage ratio metrics had reached their highest levels for over a month, which indicates an upcoming Bitcoin (BTC) volatility, according to Glassnode data analyzed by CryptoSlate.
Futures open inte...
Crytocurrency
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Market Analysis -
1 year ago
The total supply of wallets holding between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins, while the collective supply of wallets that hold between 1 BTC and 10 BTC topped 2 million.
Wallets with 0.1 BTC to 1 BTC
As of Dec. 29, wallet...
Crytocurrency
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Market Analysis -
1 year ago
Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project on Twitter.
Buterin wrote in a tweet:
Some smart people tell me there is an earnest smart developer community in Solana, and no...
Crytocurrency
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Market Analysis -
1 year ago
Crypto wallets associated with bankrupt trading firm Alameda Research have become active in the last 24 hours, swapping ETH-related tokens for USDT and Ethereum, according to blockchain security firm Peckshield.
According to available information, th...
Crytocurrency
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Market Analysis -
1 year ago
Bitcoin’s cumulative transfer volume (CTV) exceeded $100 trillion in recent weeks, coming in at $105 trillion at present, according to Glassnode data.
CTV refers to the accrued monetary value of transactions settled on a particular network. As...
Crytocurrency
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Market Analysis -
1 year ago
Bitcoin (BTC) shrimps aggressively accumulated Bitcoin in the last 30 days — adding a total of roughly 60,000 BTC to their portfolios, according to Glassnode data.
Source: Glassnode
Shrimps refer to wallets holding less than one Bitcoin. This group o...
Crytocurrency
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Market Analysis -
1 year ago
For Solana (SOL), 2022 has been an especially tumultuous year. With revelations of the now defunct crypto exchange FTX’s insolvency in early November, SOL price cratered 55% during the month.
As of press time, SOL was trading at $11.15, down 70...
Crytocurrency
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Market Analysis -
1 year ago
According to TradingView data analyzed by CryptoSlate, Bitcoin (BTC) volatility index fell to its all-time lowest on Dec. 27.
BTC volatility index
The chart above represents the BTC volatility index since February 2017. The metric fell to...
Crytocurrency
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Market Analysis -
1 year ago
Terra Classic (LUNC) surged over Boxing Day, triggering a market cap spike above $1 billion.
A local bottom in market cap valuation was found at $763 million on Dec. 21. Since then, buying activity has led to an uptrend that accelerated into a sharp,...
Crytocurrency
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Market Analysis -
1 year ago
The price of Bitcoin (BTC) saw drastic falls throughout 2022 and is trading at $16,877.39 as of press time — down more than 66% from its all-time high price of over $68,000 in November 2021.
Most investors consider price as the most important metric...