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Tag: Glassnode

Smart Contracts Hold Nearly 23% of Ethereum Supply

ETH supply at leading digital exchanges is plunging.

Almost twice as much ETH locked in DeFi as on exchanges: Glassnode

While the amount of ETH locked in DeFi protocols is up 75% since the start of 2020, the sum of Ether held on centralized exchanges has fallen by 30% over the same period.

An Analysis of Mainstream Adoption of Bitcoin and Crypto

Bitcoin has been one of the best performing financial assets in the last year. We present an analysis of its increased Bitcoin adoption in the market.

BakerySwap, Syscoin and Utrust rally as altcoin season kicks into high gear

BAKE, SYS and UTC have secured triple-digit gains as large and small-cap altcoins capitalize on Bitcoin’s range-bound price action.

Amid Dogemania, Why Bitcoin’s Bullish Case Holds Up

Bitcoin has regained momentum. At the time of writing, BTC trades at $57,225 with a 1.5% profit in the daily chart and sideways movement in the lower timeframes. The general sentiment in the market is divided, investor’s attention seems to have gone towards Ethereum (+27.3%) and Dogecoin (+88.4%), cryptocurrencies with impressive rallies in the 7-day […]

LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

Litecoin continues to gain strength as traders' attention shifts to a broader altcoin market against Bitcoin's slowing uptrend.

Chainlink’s price action: here’s what the alt is poised for in the coming weeks?

LINK's price has consistently increased over the past 2 weeks. The price was at the $47.40 level, after a 33% gain in the past week. Despite dropping to the twelfth position in terms of market capital

The post Chainlink's price action: here's what the alt is poised for in the coming weeks? appeared first on AMBCrypto.

BTC On-Chain Analysis: SSR Shows Increased Buying Power for Stablecoins

Despite the ongoing increase in the price of BTC, SSR has fallen considerably. This indicates that stablecoins have significant buying power. SSR definition SSR is defined as the ratio between the supply of BTC and that of stablecoins. As a result, it can be used to measure the supply and/or demand of BTC and USD.  … Continued

The post BTC On-Chain Analysis: SSR Shows Increased Buying Power for Stablecoins appeared first on BeInCrypto.

Early Bitcoin bull market buyers are hodling strong, but short term trading increasing

Data from Glassnode shows that bulls who accumulated during the second half of 2020 are still holding strong, despite a surge in short-term speculation this year.

Ethereum (ETH) Exchange Outflow Suggests The ETH Rally Is Not Stopping Anytime Soon

This week Ethereum (ETH) rallied all the way above $3500 levels hitting its new all-time high and pushing its crypto market dominance to 17%. In its journey upwards, Ethereum has toppled many big financial giants like Mastercard (NYSE: MA), PayPal (NASDAQ: PYPL), and Bank of America (NYSE: BAC).  However, despite a massive 4x run-up this year

The post Ethereum (ETH) Exchange Outflow Suggests The ETH Rally Is Not Stopping Anytime Soon appeared first on Coingape.

Despite Recent Bitcoin Price Dip ‘Hodlers’ Conviction Remains Strong 

Bitcoin HODLers Rise to a 3.5 Year-High, control $117.2 Billion of BTC
Bitcoin HODLers Rise to a 3.5 Year-High, control $117.2 Billion of BTCGlassnode has revealed in its May 3, 2021 newsletter that on-chain data shows bitcoin (BTC) and ether (ETH) hodlers remain confident that the bull season is not over yet despite the latest dip in the price of the world’s flagship crypto. Demand for stablecoins like tether (USDT) and others has continued to increase as they
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Another key metric has this to forecast about Sushiswap’s price

Projects that were rangebound earlier are now rallying. Sushiswap emerged as a food/meme coin that happens to be a DeFi token which got listed across top exchanges. Traders who lost the opportunity to

The post Another key metric has this to forecast about Sushiswap's price appeared first on AMBCrypto.

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