Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels. Speaking on the What Bitcoin Did podcast hosted by Peter McCormack on Jan. 30, Woo cited key metrics such as a strong number of long term holders (wallets holding for five months or longer) and growing … [Read more...] about ‘Peak fear’ but on-chain metrics say it’s not a bear market
metrics
3 metrics that traders can use to effectively analyze DeFi tokens
Much to the chagrin of cryptocurrency proponents who call for the immediate mass adoption of blockchain technology, there are many “digital landmines” that exist in the crypto ecosystem such as rug pulls and protocol hacks that can give new users the experience of being lost at sea. There’s more to investing than just technical analysis and gut feelings. Over the past year, a … [Read more...] about 3 metrics that traders can use to effectively analyze DeFi tokens
Ether’s Key Metrics Paint a Bearish Picture: Santiment
While ether, the native token of Ethereum’s blockchain, remains on an upward trajectory, metrics like active addresses, trading volumes have decoupled from the rising price. According to blockchain analytics firm Santiment, these negative divergences indicate scope for a price pullback. Source link … [Read more...] about Ether’s Key Metrics Paint a Bearish Picture: Santiment
These 3 metrics suggest there’s still time for another ‘DeFi Summer’
Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound have added a new dimension of token utility. Data from Messari’s DeFi Asset index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained … [Read more...] about These 3 metrics suggest there’s still time for another ‘DeFi Summer’
Data shows social metrics surge ahead of DeFi and NFT price rallies
A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results.Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to spot opportunities; fundamental analysis, which … [Read more...] about Data shows social metrics surge ahead of DeFi and NFT price rallies