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Showing posts with the label crypto analytics

Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here

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A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin (BTC) has further upside to go. In a new Analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question. “If you’re questioning whether Bitcoin still has upside — this is the only chart you need to see: On-chain fundamentals have flipped back to strength. This move isn’t just speculation. Sustained upside is now structurally supported. Higher.” Source: Swissblock/X BTC is worth $119,154 at time of writing, up nearly 10% in the last week. Moving on to altcoins, Swissblock dares to answer another question on traders’ minds — how close is altseason? “Altseason in Sight: Wave 5 Has Begun? The altcoin market just broke out of a multi-month consolidation. Structure suggests a classic 5-wave move — and Wave 5 may be underway. Historically, Wave 5s in cryp...

Chainlink (LINK) Continues To Witness More Development Activity Than Any Other ERC-20 Project: Santiment

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The decentralized oracle network Chainlink (LINK) continues to outpace all other ERC-20 projects in terms of development activity, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Chainlink registered 624.17 notable GitHub events in the past 30 days, more than double the number of the second-ranked project, Ethereum (ETH), which clocked 298.8. The oracle project also topped the list in June and August. The decentralized finance (DeFi) protocol Synthetix (SNX) came in third with 289.93 notable GitHub events. Source: Santiment/X An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain and virtual machine. Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.” The analytics firm has previously said that heavy development activity centered around a crypto project indicates ...