Tag: OnChain

On-Chain Bitcoin Market Cycle Indicators

[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In today’s Daily Dive, we will cover some of the key on-chain cycle indicators and what they tell us about where we are at in the market. All of the indicators today leverage a percentile analysis, looking at current values over historical percentiles, to show when indicators suggest when the market is…

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Crypto.com breach may be worth up to $33M, suggests onchain analyst

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[ad_1] Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado…

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Solana on-chain development increases after a recent DDoS attack

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[ad_1] Solana — whose native crypto, SOL, is the fifth-largest cryptocurrency by market capitalization — is leading on-chain development charts despite a recent distributed denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12 and Monday, followed by Polkadot at 76 and Cardano at 65. Daily GitHub submissions Bitcoin, Solana, Cardano and Polkadot from Nov. 12–Dec. 13, 2021. Source: Santiment…

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Wen Dogecoin moon? On-chain data and trading volumes suggest soon

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[ad_1] The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs.  One of the biggest success stories of the year was been Dogecoin (DOGE), a simple ‘joke’ cryptocurrency that has morphed into a darling of the cryptocurrency sector. Interestingly, over the past month, the project is again gaining momentum and several data points suggest sentiment for the DOGE is becoming increasingly bullish. Data from…

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BTC price sees 6% correction in contrast to booming Bitcoin on-chain data

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[ad_1] Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend turned less optimistic, the start of the new week saw mixed activity as Bitcoin bulls faced off with the prospect of fresh FUD from regulators. For Cointelegraph contributor Michaël van de Poppe, a comedown…

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On-Chain Bitcoin Accumulation – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In the below edition of the Daily Dive we took a fresh look at the accumulation taking place using on-chain metrics and data. In last Friday’s Daily Dive, we examined the capital inflows that had seemingly come to a halt on the Bitcoin network, using realized market capitalization. The history…

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Bitcoin price clings to $32K as on-chain metrics hint at further downside

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[ad_1] Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since February 2018. Data from Cointelegraph Markets Pro and TradingView shows the June 21 dip below $32,000 and recovery above $33,000 was just a precursor to Tuesday’s move which saw BTC hammered at the start of the…

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$5,000 Ethereum by the end of May? On-chain data suggests so

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[ad_1] On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for upside. Ether’s speculative premium is far from overheated While the current price of Ether is at around $2,375, the Realized Price, meaning the average price paid by all investors who are currently holding Ether is at $802. This means that current buyers of Ether are willing to…

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Anchoring the worlds with flexible and high-performance on-chain governance

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[ad_1] With adoption accelerating, blockchain’s potential to transform life in every way — from how business is conducted to labor division, operating systems and methods of collaboration — comes closer to fruition every day. If blockchain is the foundation to a truly digital model, then governance is the key to linking together the on and off-chain worlds. Governance itself encompasses and dictates the functionality of blockchain, from its organization structure to workflow execution, voting and incentives.  Conceptually, governance can be understood as on and off-chain; the former being divided into…

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The Importance of Accurate On-Chain Data

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[ad_1] Bitcoin market manipulation still exists: The importance of on-chain analytics and blockchain data providers is rising in importance right alongside bitcoin’s price and overall adoption. However, with this increase of importance comes an increase of responsibility. Tens of thousands of traders now use popular on-chain data providers such as Glassnode, CryptoQuant and Coinmetrics. These traders are making instant reactions/decisions based on this data, trying to gain an edge over others. This incentive structure to be the first to act on the data creates a dangerous precedent for the influence…

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