The Accumulation Trend Score metric continues to return high values in excess of 0.9 throughout the month of June.
This is being primarily driven Whale (>10K #BTC) and Shrimp (< 1 #BTC) entities adding meaningfully to their on-chain balance.
For those who don't know about Accumulation Trend Score it is The Accumulation Trend Score is an indicator which reflects the relative size of entities that are actively accumulating/distributing coins on-chain in terms of their #BTC holdings.
A score closer to 1 reflects that, over the last month, big participants (or a big part of the network) have been accumulating #coins.
A score closer to 0 reflects that, over the last month, big participants haven’t been accumulating #coins or that they have been selling them.
This is being primarily driven Whale (>10K #BTC) and Shrimp (< 1 #BTC) entities adding meaningfully to their on-chain balance.
For those who don't know about Accumulation Trend Score it is The Accumulation Trend Score is an indicator which reflects the relative size of entities that are actively accumulating/distributing coins on-chain in terms of their #BTC holdings.
A score closer to 1 reflects that, over the last month, big participants (or a big part of the network) have been accumulating #coins.
A score closer to 0 reflects that, over the last month, big participants haven’t been accumulating #coins or that they have been selling them.
When the price of #Bitcoin rises above the bottom formation zone, all the #coins purchased at lower prices become #profitable. As of 2023, around 6.2 Million #BTC (equivalent to 32.3% of the total supply) have become profitable, indicating the significant number of coins that were acquired at a cost basis below $30K.
What is #PoI (Proof of Importance) ?
"Proof of Importance" is a #consensus mechanism used in #blockchain technology to validate and verify transactions on a network. It is used in the #NEM cryptocurrency network, which is based on the "#Importance" score of network participants rather than their #computing power (as in the case of Proof of Work) or their stake in the network (as in the case of Proof of Stake).
In the #Proof of Importance mechanism, the Importance score is determined by the amount of #NEM coins held by the user, as well as the number of transactions they have made in the network. The more coins held by the user and the more #transactions they have made, the higher their Importance score. This score is used to determine the likelihood that a particular user will be chosen to create the next block in the #blockchain.
The Proof of Importance #mechanism is designed to incentivize active participation in the network and discourage hoarding of #coins. It also allows for a more #decentralized network since users with a higher Importance #score are more likely to be chosen to validate transactions, rather than those with a large amount of computing power or #stake in the network. In other words, consensus reward users who actively transact in a cryptocurrency by prioritizing miners based on the amounts and sizes of transactions made from their wallets. A proof of importance system may account for additional factors, such as the wallets to and from which transactions are made.
"Proof of Importance" is a #consensus mechanism used in #blockchain technology to validate and verify transactions on a network. It is used in the #NEM cryptocurrency network, which is based on the "#Importance" score of network participants rather than their #computing power (as in the case of Proof of Work) or their stake in the network (as in the case of Proof of Stake).
In the #Proof of Importance mechanism, the Importance score is determined by the amount of #NEM coins held by the user, as well as the number of transactions they have made in the network. The more coins held by the user and the more #transactions they have made, the higher their Importance score. This score is used to determine the likelihood that a particular user will be chosen to create the next block in the #blockchain.
The Proof of Importance #mechanism is designed to incentivize active participation in the network and discourage hoarding of #coins. It also allows for a more #decentralized network since users with a higher Importance #score are more likely to be chosen to validate transactions, rather than those with a large amount of computing power or #stake in the network. In other words, consensus reward users who actively transact in a cryptocurrency by prioritizing miners based on the amounts and sizes of transactions made from their wallets. A proof of importance system may account for additional factors, such as the wallets to and from which transactions are made.
Even though the price of #Bitcoin has increased by more than 100% from its lows, there hasn't been a significant increase in the spending of older #coins. The chart presented below indicates that less than 20% of the wealth held in Bitcoin belongs to coins that are less than 3-months old, a situation typically associated with #bear cycle lows.
This implies that coins held by #Hodlers (older than 3-months) still constitute more than 80% of the wealth, despite the market's downturn in 2022 and its subsequent upswing in 2023.
Similarly, these Supply (Older than 3 month), goes below 20%, which is the sign of the Market bottomed out. Let's see how far thus data is correct 👀
This implies that coins held by #Hodlers (older than 3-months) still constitute more than 80% of the wealth, despite the market's downturn in 2022 and its subsequent upswing in 2023.
Similarly, these Supply (Older than 3 month), goes below 20%, which is the sign of the Market bottomed out. Let's see how far thus data is correct 👀
What is (#NRPL) Net Realized Profit/Loss ?
(#NURL) Net Realized Profit/Loss metric presenting the net magnitude of #profit, or loss realized by all holders spending #coins. Realized Profit/Loss is assessed relative to the price when a #coin last moved. In other words, it is the #difference between the selling price of the #investment and its #original cost basis, including any transaction #costs and taxes that were incurred in the process.
#Positive values (Above 0) indicate #profits are being realized, where price #continues to trend higher and #Negative values (below 0) indicate losses are being realized on-chain. Where price continues to trend #lower.
(#NURL) Net Realized Profit/Loss metric presenting the net magnitude of #profit, or loss realized by all holders spending #coins. Realized Profit/Loss is assessed relative to the price when a #coin last moved. In other words, it is the #difference between the selling price of the #investment and its #original cost basis, including any transaction #costs and taxes that were incurred in the process.
#Positive values (Above 0) indicate #profits are being realized, where price #continues to trend higher and #Negative values (below 0) indicate losses are being realized on-chain. Where price continues to trend #lower.
What Are Crypto Gaming Coins?
A gaming coin is a digital #currency or asset that’s typically created on a #blockchain network. They’re specifically designed for use within gaming #ecosystems. While game coins are informally referred to as "#coins," they are actually tokens because they are not native assets of the blockchains on which the games are built.
The use of #gaming coins in blockchain games #introduces the concept of player-owned economies, where players can manage, #trade, and transfer virtual #assets on peer-to-peer networks.
Gaming coins are usually #fungible, meaning one unit of a #gaming coin is interchangeable with another unit of the same value and can be divided into smaller #denominations.
Use Cases for Gaming Coins in Cryptocurrency
In-game currency —> Players can buy or earn gaming coins to use within the game for various purposes, such as purchasing virtual goods, accessing additional features, or transacting with other users.
Reward programs —> Gaming coins can be used as a form of player reward, where players can earn coins by reaching certain milestones, completing quests, or participating in events. These coins can help incentivize players to remain engaged and loyal to a game.
Decentralized ownership —> Gaming coins can enable decentralized ownership of virtual assets, where players have complete control over their in-game items, characters, or virtual real estate. This can give players greater autonomy over their virtual possessions, allowing them to manage assets without a central authority.
Community —> Gaming coins can be used for community engagement and governance purposes. In other words, players could use their coins to participate in decision-making processes, vote on game-related matters, or support community initiatives.
A gaming coin is a digital #currency or asset that’s typically created on a #blockchain network. They’re specifically designed for use within gaming #ecosystems. While game coins are informally referred to as "#coins," they are actually tokens because they are not native assets of the blockchains on which the games are built.
The use of #gaming coins in blockchain games #introduces the concept of player-owned economies, where players can manage, #trade, and transfer virtual #assets on peer-to-peer networks.
Gaming coins are usually #fungible, meaning one unit of a #gaming coin is interchangeable with another unit of the same value and can be divided into smaller #denominations.
Use Cases for Gaming Coins in Cryptocurrency
In-game currency —> Players can buy or earn gaming coins to use within the game for various purposes, such as purchasing virtual goods, accessing additional features, or transacting with other users.
Reward programs —> Gaming coins can be used as a form of player reward, where players can earn coins by reaching certain milestones, completing quests, or participating in events. These coins can help incentivize players to remain engaged and loyal to a game.
Decentralized ownership —> Gaming coins can enable decentralized ownership of virtual assets, where players have complete control over their in-game items, characters, or virtual real estate. This can give players greater autonomy over their virtual possessions, allowing them to manage assets without a central authority.
Community —> Gaming coins can be used for community engagement and governance purposes. In other words, players could use their coins to participate in decision-making processes, vote on game-related matters, or support community initiatives.
What is #PoB (Proof Of Burn) ?
Proof of Burn (#PoB) is a consensus mechanism used in #blockchain networks. It involves participants #permanently "#burning" or destroying a certain amount of their own #coins or tokens to demonstrate their #commitment to the network.
In the Proof of Burn process, #participants send their coins or tokens to an address or #wallet where they are rendered un-spendable and #irretrievable. By doing so, participants prove that they have incurred a #cost or sacrificed value, which serves as evidence of their #dedication to the network.
The concept behind Proof of #Burn is that by destroying coins, participants show their willingness to invest #resources into the network and its #security. This can be seen as a form of #mining, where the burned coins act as a proof of work or stake.
In some #blockchain systems, participants who successfully #demonstrate their commitment through Proof of Burn may be #rewarded with newly minted coins or tokens as an #incentive for their contribution to the network's consensus process.
Proof of Burn is often considered an alternative or supplementary #consensus mechanism to Proof of Work (PoW) or Proof of Stake (PoS), offering different security and economic dynamics to the blockchain network.
Proof of Burn (#PoB) is a consensus mechanism used in #blockchain networks. It involves participants #permanently "#burning" or destroying a certain amount of their own #coins or tokens to demonstrate their #commitment to the network.
In the Proof of Burn process, #participants send their coins or tokens to an address or #wallet where they are rendered un-spendable and #irretrievable. By doing so, participants prove that they have incurred a #cost or sacrificed value, which serves as evidence of their #dedication to the network.
The concept behind Proof of #Burn is that by destroying coins, participants show their willingness to invest #resources into the network and its #security. This can be seen as a form of #mining, where the burned coins act as a proof of work or stake.
In some #blockchain systems, participants who successfully #demonstrate their commitment through Proof of Burn may be #rewarded with newly minted coins or tokens as an #incentive for their contribution to the network's consensus process.
Proof of Burn is often considered an alternative or supplementary #consensus mechanism to Proof of Work (PoW) or Proof of Stake (PoS), offering different security and economic dynamics to the blockchain network.
What is #MVRV Ratio ?
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
Before reaching the all-time high (#ATH), long-term holders undergo a period of re-accumulation, with a relatively stable or slightly increasing #supply held. When the market surpasses the previous #ATH, there is a #strong motivation to spend, leading to a sharp #decrease in long-term holder supply as #coins are transferred to new buyers at higher prices.
This pattern has been observed during the 2022 #bear market, highlighting the resilience of #BTC holders in the face of significant #volatility.
This pattern has been observed during the 2022 #bear market, highlighting the resilience of #BTC holders in the face of significant #volatility.
The recent downward movement of #Bitcoin, from $27,300 to $25,800 (-5.8%), has resulted in a decrease in the #percentage of supply in profit from 69% to 62.5% (-6.5%). As a result, an additional 1.26M #coins have fallen into a loss position.
This is Normal Impact on the market, in this Bear Market. If price recovers, everything will be fine.
This is Normal Impact on the market, in this Bear Market. If price recovers, everything will be fine.
What is #MVRV Ratio ?
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.
The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.
The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
So what does that Indicate ?
#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.
#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.