'Incorporating On-Chain Analytics into your Digital Asset Investing Strategy ' nfttokenizationanalysis digitalassetanalysis
, Defy Trends recently defined on-chain analytics in simple terms:
On-chain can also refer to the process of storing data or managing data on the blockchain, but the term is generally used to refer to. On-chain transactions provide an invaluable source of data for savvy crypto investors who can analyze trends and tendencies in the goldmine of data to be found on the blockchain. On-chain transaction data can tell you who is trading a cryptocurrency, how often it’s being traded, how much is being traded, and more.
Besides calculating the net worth of the network, market capitalization helps estimate the size of the market for a given token or coin. A larger and more active market indicates broader investor interest, meaning that the fluctuations in price are likely to be less volatile than a less frequently traded coin.HODL wave is a metric used by analysts to determine patterns of holding or selling a given cryptocurrency and understand how long individual users are holding their tokens.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top 100 SHIB Holders Control Over 25% of the Total Shiba Inu SupplyOn-chain data shows that the 100 largest SHIB token holders control over 25% of the Shiba Inu coin's total supply.
Read more »
North Korea Funds Missile Programs With Stolen Crypto (UN Report)The United Nations claimed that North Korea has financed its nuclear trials with stolen digital assets.
Read more »
Gaming Giant Ubisoft Invests in RebelBots P2E Game During $2M Private Token Sale | HackerNoonRebel Bots announced today it has secured investments from top tier investors including Ubisoft, Overwolf, and Makers Fund, via a $2M private token sale.
Read more »
Please Enjoy Some Brain Candy This Weekend! | HackerNoon'Please Enjoy Some Brain Candy This Weekend!' by HackerNoon hackernoon writingprompts
Read more »
House Passes Bill to Invest Billions in Bolstering Chip Production and Supply Chain InfrastructureHowever, both chambers will need to negotiate a compromise bill before it reaches President Biden's desk.
Read more »
17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry – Bitcoin NewsA group of 17 crypto asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC).
Read more »