Amid the weakness in bitcoin and other crypto assets during the latter part of 2021 and early 2022, there’s been an anomalous counter-performance by the decentralized finance (DeFi) sector. The last few weeks have seen a modest rebound in total value locked, a measure of how much digital asset value has been collateralized for loans in the DeFi system. CoinDesk’s Shuai Hao … [Read more...] about Off the Charts: DeFi Rebound
Charts
Shiba Inu and Dogecoin lead popularity charts in 30 U.S. states
More people in the U.S. search for Dogecoin and Shiba Inu than for Bitcoin and Ethereum, a recent study found.According to research conducted by The Advisor Coach, DOGE and SHIB were the most-searched tokens on Google in 30 U.S. states.Americans seem to love their memecoinsStrangely enough, being responsible for over 42% of the industry’s market cap doesn’t make Bitcoin the … [Read more...] about Shiba Inu and Dogecoin lead popularity charts in 30 U.S. states
Off the Charts: Supply Chain Angst
The following chart doesn’t answer who is correct. But it does put some illustration onto the supply chain problem. This is the deep sea freight cost component within the Bureau of Labor Statistics’ producer price index for the past two years, drawn from the Federal Reserve Bank of St. Louis’s FRED database. Source link … [Read more...] about Off the Charts: Supply Chain Angst
5 charts to uncover your next long-term DeFi investment
It’s not uncommon for a project to generate hype, only to collapse weeks later. That’s why it’s especially important for retail DeFi investors to 1) have a framework to analyze projects, and 2) apply this framework before jumping in.The decentralized nature of DeFi lets anybody participate. It’s surprising how little technical expertise or cash is needed to bootstrap a project … [Read more...] about 5 charts to uncover your next long-term DeFi investment
Bitcoin price charts hint at another drop after failing to break $52K
Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000. Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world.Downtrend remains intact since $58,000BTC/USD 2-hour … [Read more...] about Bitcoin price charts hint at another drop after failing to break $52K