Binance Square
LIVE
LIVE
Vladislav Hryniv
--・2.6k views
đŸ’” According to AMBCrypto: $DOT Witnesses User Drought The decline in the economic throughput across Polkadot Relay Chain and its parachains is due to the low user activity on the network in April.  According to data from The Block, the past 25 days have been marked by a 43% drop in the number of unique addresses active on the network’s Relay Chain as senders or receivers. Likewise, new user demand for the Polkadot Relay Chain has plummeted. So far this month, the number of unique addresses appearing for the first time on the network has totaled 44,000. This represents a 60% fall from the 112,000 new demand for the Layer-0 blockchain in March. Across its several parachains, the month has seen a corresponding decline in user activity. According to The Block’s data, the count of monthly active addresses closed March at a YTD high of 6 million.  However, April has seen a reduction in network activity across Polkadot’s parachains, with only 2.2 million active addresses recorded in the past 25 days. Further, new demand for these parachains has dropped. In the past 25 days, only 101,000 new addresses have used these networks. In March, they recorded 1.52 million new addresses. Although readings from DOT’s Moving average convergence/divergence (MACD) showed a resurgence in bullish sentiments, it is key to note that demand for the altcoin remains low. As of this writing, the coin’s key momentum indicators rested below their respective center lines, suggesting that market participants favored sell-offs over accumulation. Its Relative Strength Index (RSI) was 38.72, while its Money Flow Index (MFI) was 37.20.

đŸ’” According to AMBCrypto: $DOT Witnesses User Drought

The decline in the economic throughput across Polkadot Relay Chain and its parachains is due to the low user activity on the network in April. 

According to data from The Block, the past 25 days have been marked by a 43% drop in the number of unique addresses active on the network’s Relay Chain as senders or receivers.

Likewise, new user demand for the Polkadot Relay Chain has plummeted.

So far this month, the number of unique addresses appearing for the first time on the network has totaled 44,000. This represents a 60% fall from the 112,000 new demand for the Layer-0 blockchain in March.

Across its several parachains, the month has seen a corresponding decline in user activity. According to The Block’s data, the count of monthly active addresses closed March at a YTD high of 6 million. 

However, April has seen a reduction in network activity across Polkadot’s parachains, with only 2.2 million active addresses recorded in the past 25 days.

Further, new demand for these parachains has dropped. In the past 25 days, only 101,000 new addresses have used these networks. In March, they recorded 1.52 million new addresses.

Although readings from DOT’s Moving average convergence/divergence (MACD) showed a resurgence in bullish sentiments, it is key to note that demand for the altcoin remains low.

As of this writing, the coin’s key momentum indicators rested below their respective center lines, suggesting that market participants favored sell-offs over accumulation.

Its Relative Strength Index (RSI) was 38.72, while its Money Flow Index (MFI) was 37.20.

Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke Þkonomisk rÄdgivning. Kan indeholde sponsoreret indhold. Se vilkÄr og betingelser.
0
Svar 2
Udforsk de seneste kryptonyheder
âšĄïž VĂŠr en del af de seneste debatter inden for krypto
💬 Interager med dine yndlingsskabere
👍 Nyd indhold, der interesserer dig
E-mail/telefonnummer
Relevant skaber

Udforsk mere fra skaberen

--
đŸ’„ According to BeinCrypto: $MATIC Price Prediction At the time of writing, the MATIC price is observing a recovery, which will likely be fueled by Polygon investors themselves. This is because MATIC as an asset is undervalued, and in the macro timeframe, it is still a good bet.  The Market Value to Realized Value (MVRV) Ratio further substantiates this. The MVRV ratio assesses investor gains or losses, and Polygon’s 90-day MVRV hitting 10% indicates losses. This might possibly lead to accumulation. Historically, BTC tends to recover within the -14% and -31% MVRV range, labeling it an opportunity zone for accumulation. Secondly, the broader market cues are also bullish, as is evident in the Moving Average Convergence Divergence (MACD). MACD is a momentum indicator that utilizes the difference between two exponential moving averages to signal potential buy and sell opportunities in financial markets. MATIC price trading at $0.68 is above the critical support of $0.64, and based on the above-mentioned factors, a recovery is likely. However, this recovery might be halted by the resistance at $0.75. This price level has acted as the limit to MATIC’s rise for over a month. The support of $0.64, along with this resistance, has formed a consolidation zone, and the Polygon native token will likely remain within this zone. However, if MATIC’s price falls back down, it could potentially slip through the support zone. This would send the altcoin to $0.60, invalidating the bullish thesis.
--
🚀 According to AMBCrypto: $SOL Prepares For More At press time, SOL was valued at $163.28, logging a 13% price rally over the last 24 hours. Its key technical indicators assessed on a 1-day chart confirmed the possibility that the altcoin may sustain this rally in the short term. First of all, signaling a hike in buying pressure, SOL’s Relative Strength Index (RSI) was on an uptrend with a reading of 59.20 at press time. Also, its Money Flow Index (MFI) was 55.29. The values of these indicators confirmed SOL traders’ preference for accumulation over selling off their holdings for profit. Furthermore, the coin’s Awesome Oscillator posted green upward-facing bars, confirming the bullish trend at press time.  This indicator measures an asset’s market momentum and identifies potential trend reversals in its price. Green upward-facing bars, often seen after a period of consolidation or a pullback, indicate that the buyers are taking control of the market and that the asset’s price rally might continue.  The coin’s Elder-Ray Index was also positive, lending credence to the aforementioned position. At press time, it had a reading of 23.59, showing that bull power was dominant in SOL’s market. Highlighting the growth in the bullish trend since the crossover, SOL’s weighted sentiment turned positive for the first time since 4 April too. In fact, according to Santiment’s data, the coin’s weighted sentiment was 0.263 at the time of writing.
--
Sitemap
Cookie Preferences
VilkÄr og betingelser for platform