Dec 04, · The new Bitcoin $20K section in CoinMarketCap tracks the performance of Bitcoin versus traditional finance indices and gold. As can be seen from the graph below, Bitcoin’s % return has dwarfed the performance of traditional instruments in As of December 3 using the newly-launched Bitcoin Analytics in CoinMarketCap. Aug 19, · Bitcoin’s narrative as digital gold keeps strengthening. As covered in Bloomberg, the prices of Bitcoin and gold have moved in tandem throughout most of cryptocoin365.de in mind that commodities are not traded 24/7 like cryptocurrencies, but during global trading hours, the relationship between Bitcoin and gold prices has been remarkably strong. rows · Top cryptocurrency prices and charts, listed by market capitalization. Free access to .
Bitcoin gold value coinmarketcapBitcoin ATH & ETH Launch - CoinMarketCap Blog
For instance, the number of transactions for the LEND token recently reached an all-time high. Among the many features described, they teased a collaboration with real estate tokenization platform RealT through which they aim to bring mortgages to the Ethereum blockchain. The upgrade will also introduce a series of gas optimizations aiming to lower the cost of using the Aave protocol as Ethereum gas fees continue to climb.
Overall, while there may be inflated expectations and speculative activity surrounding Aave, these upgrades remark its large ambitions to provide finance without frontiers. While there are no guarantees for Aave and DeFi, there is no denying that these innovations have the potential to redefine finance as we know it. In this upgrade, Litecoin will be implementing Mimblewimble — a highly scalable privacy protocol that would give Litecoin users the option to remain anonymous.
In part, this upgrade may have sparked increasing activity within the Litecoin blockchain. Along with the recent price increase, the number of Litecoin transactions has been growing. As can be seen in the graph above, the number of Litecoin transactions reached the highest average level since January By diving deeper into the value of these transactions, we can observe that it is likely that whales have been making more Litecoin transactions, possibly investing into it.
While Litecoin has so far lagged other major cryptocurrencies this year — with many currently at or near yearly highs — network activity is appearing to grow. It is possible that many holders are optimistic about the privacy features introduced through MimbleWimble, but also possible that speculation has grown as crypto traders feel more comfortable about a bull market.
Ultimately, we may not be able to tell as users leveraging these features once they are released will not be able to be traced. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. Powered by. Share this: Twitter Facebook. Like this: Like Loading Previous Post. Given the magnitude of the inflows of ether into the deposit address, liquidity had to decrease elsewhere.
In this case, DeFi protocols have seen a significant reduction in the total amount of ETH locked in their smart contracts. Throughout the last month, the total amount of Ether supply locked in DeFi protocols has decreased by approximately 2 million.
This trend accelerated after the ending of UNI liquidity mining rewards in Uniswap. While a large portion of the Ether withdrawn from this indicator ended up in the deposit contract, it is likely that some also ended up in smaller, newer DeFi protocols not accounted for in the metric. This seems to be the most likely scenario as centralized exchange inflows for ether remained stable throughout the month.
Along with the positivity from reaching this milestone, Ethereum is also showcasing strong growth in on-chain metrics. For instance, the total number of daily active addresses DAAs on a given day reached a new three-year high on Nov. This points to ether currently being priced at a discount relative to daily activity on its blockchain.
While this is certainly not the only factor to consider when attempting to value Ethereum, the growth in DAAs does point to its increasing utility. Similarly, the number of ether holders has grown consistently, approaching the 50 million landmark. Overall, the launch of the Beacon Chain marks the beginning of a new era for Ethereum. As its active developer community works on implementing scalability solutions, on-chain indicators point to growing activity and optimism for the second largest crypto-asset.
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It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. This site uses Akismet to reduce spam. Learn how your comment data is processed. Powered by. Share this: Twitter Facebook.