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Onchainanalysis

On-chain & technical analysis suggest an explosive recovery Hello everyone, *BTC in strong demand and not enough supply, on chain data shows. *BTC price action suggests it's likely to breakout very soon. First of all let me present my on-chain data analysis, the following chart ( s3.tradingview.com ) shows the BTC exchange balance which is a proxy for BTC available on the market. the black box on the chart highlights the surge in exchange balance which led to the crash, and the black arrow simply calculates the difference between the current level and the 30-month low reached in April which is currently 106000 BTC. surprisingly the net flow volume from exchanges is persistently positive and strong and this has been going on since the end of may. the current value of the net flow from exchanges for the past 24H as of June 7th 10:00 UTC (Highlighted on the bottom price chart) is 44457 BTC. source of data: studio.glassnode.com the conclusion is that the current price is in not an equilibrium price, in other words 61,338.5 BTC left the market ( DEMAND ) in the past 24H while merely 16,881.47 BTC entered the market ( SUPPLY ) on this rate BTC should start an explosive recovery in just a few days. now before I present my technical analysis let me briefly introduce my methodology. the price is represented by white candlesticks , the top chart is 100Min candlesticks while the bottom chart is 20Min candlesticks . the set of technical indicators on the price is composed of 9 price moving averages of the following lengths (16, 32, 64, 128, 256, 512, 1024, 2048, 4096). finally, at the bottom of each chart, the black area represents the volume moving average (the volume is related to BINANCE exchange). technical analysis BTC seems to be stationary around $37000 level and both volume and volatility are declining. this alongside the on-chain data analysis simply suggest that BTC is confirming the current level below $40000 as support and is likely to test a series of resistance levels above $40000 next. if you like my idea pls support by like, comment, and share thanks Mostafa
Long
by wolfofArabia
Why Uniswap Is So undervalued ? King of DEXs?Last year, the world’s three largest stock exchange operators grossed $7.3 billion in profit. Combined, these companies have a global market value of $92.4 billion. They are money machines. All they do is sit in the middle and match buyers and sellers. Now, they do it very efficiently. And they do it very quickly. That’s why they make so much money. When seconds can mean the difference between making thousands on a trade or millions, traders are willing to put up with their fees. For crypto, Uniswap saves users time and money. You don’t need to send your tokens to an exchange, wait an hour, trade, and then send the crypto back to your wallet. It can all be done almost instantly through Uniswap’s wallet and on-chain. In return, it collects a smaller fee than the big exchanges today. We see Uniswap as the hands-down king of DEXs. And as it takes its place at the top, UNI holders will benefit through a potential 0.05% fee change in the coming months. To gauge what UNI is worth, let’s assume the fee gets implemented – which we believe will happen in the coming months. Since September 1, Uniswap has averaged $386.7 million in volume per day. If it were to merely maintain its market share – based on UNI holders earning 0.05% in fees on this volume – over the course of a year token holders can pull in just north of $70.5 million. By January 2021, UNI’s total circulating supply is expected to be nearly 240 million tokens. This would work out to be just over 29 cents per year per token in earnings. Now, to get a starting point for what the market pays for these earnings, let’s look at three publicly traded exchanges and their price-to-earnings (P/E) ratio. CME Group: 25.65 InterContinental Exchange: 26.65 Nasdaq: 26.45 Average: 26.25 So investors are willing to pay an average of $26.25 for every $1 in earnings. Using an average P/E ratio of 26.25 would give UNI a price of about $7.73. At the time of this publishing, UNI was trading around $3.0078 So it’s already trading at a more than a 59% discount compared to traditional exchanges. The same way Amazon owned e-commerce by making it easy for people to buy online, Uniswap is in a position to dominate the trading of ALL assets, not just crypto because it’s made it easier and far cheaper to use than traditional exchanges. And because of the design of the blockchain, it can do this with just a handful of people. Think about that: Uniswap is dominating all crypto trading with just 10 people. The top three exchanges – Binance, Kraken, and Coinbase – have a total of 2,469 people on their teams. It took Uniswap less than two years... only $11 million dollars... and only 10 employees to reach the same trading level it took Coinbase 5.5 years, 1,200 employees, and $500 million in capital to reach. I need you to understand how disruptive that is. If I were a Coinbase, Binance, or Kraken shareholder... I’d be very worried right now. As a cheaper, faster, and easier option, Uniswap is going to eat their lunch.
BINANCE:UNIUSDLong
by ShinForex1
4
Chinese version of Ethereum- Neo is ready to Pump!!!Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network. Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and Uniswap all rolled into one. If you don’t know what each of those projects do, don’t worry. Just know Flamingo is built as the first full-stack DeFi services protocol. According to Flaming Finance, the crypto community was so excited about the platform’s launch that $1.6 billion worth of assets flowed into the network by the end of September. And much of this influx was thanks to Neo’s Poly Network alliance. The Poly Network is a new protocol alliance formed to facilitate cross-chain transactions between blockchains without needing to issue new tokens. Neo, Ethereum, Ontology, and Cosmos are part of this alliance, and there are plans to add bitcoin as well. Flamingo’s launch is a massive endeavor in the sense that there is currently no one-stop solution built on top of Ethereum. And Flamingo will be a game-changer for NEO token holders as more assets are pulled from Ethereum to its platform.
BITFINEX:NEOUSDLong
by ShinForex1