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@Werwolf
Let us embark on a transformative voyage, where the possibilities are limitless, and the future is decentralized ♾️ ₿ #FuhrerWerwolf
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The latest June CPI data show that the accelerated decline in inflation will make the interest rate peak in July, and there may be no further interest rate hikes after that. Interestingly, compared with the price movements, there has been more increase in implied forward rates for #BTC and #ETH . Investor expectations have improved further, but the crypto market is still waiting for more investors to return.
#FuhrerWerwolf #Marketupdate
#FuhrerWerwolf #Marketupdate
XRP!!!!!!!
The XRP Ledger saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared with the same period in 2022.
#XRP #FuhrerWerwolf #MarketUpdate
The XRP Ledger saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared with the same period in 2022.
#XRP #FuhrerWerwolf #MarketUpdate
What is Circulating Supply?
The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market.
The circulating supply of a cryptocurrency can increase or decrease over time. For example, the circulating supply of Bitcoin will gradually increase until the max supply of 21 million coins is reached. Such a gradual increase is related to the process of mining that generates new coins every 10 minutes, on average. Alternatively, coin burn events like the ones performed by Binance, cause a decrease in the circulating supply, permanently removing coins from the market.
The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply or max supply. The total supply is used to quantify the number of coins in existence, i.e., the number of coins that were already issued minus the coins that were burned.
The total supply is basically the sum of the circulating supply and the coins that are locked up in escrow. On the other hand, the max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
Moreover, the circulating supply of a cryptocurrency can be used for calculating its market capitalization, which is generated by multiplying the current market price with the number of coins in circulation. So if a certain cryptocurrency has a circulating supply of 1,000,000 coins, which are being traded at $5.00 each, the market cap would be equal to $5,000,000.
#FuhrerWerwolf #Binance #LearnAndEarn
The circulating supply of a cryptocurrency can increase or decrease over time. For example, the circulating supply of Bitcoin will gradually increase until the max supply of 21 million coins is reached. Such a gradual increase is related to the process of mining that generates new coins every 10 minutes, on average. Alternatively, coin burn events like the ones performed by Binance, cause a decrease in the circulating supply, permanently removing coins from the market.
The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply or max supply. The total supply is used to quantify the number of coins in existence, i.e., the number of coins that were already issued minus the coins that were burned.
The total supply is basically the sum of the circulating supply and the coins that are locked up in escrow. On the other hand, the max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
Moreover, the circulating supply of a cryptocurrency can be used for calculating its market capitalization, which is generated by multiplying the current market price with the number of coins in circulation. So if a certain cryptocurrency has a circulating supply of 1,000,000 coins, which are being traded at $5.00 each, the market cap would be equal to $5,000,000.
#FuhrerWerwolf #Binance #LearnAndEarn
Upcoming Events This Week:
Here are the important events scheduled for this week that could impact the market:
1. CPI Inflation data - Wednesday
2. PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 Fed speakers this week
Lets anticipate increased market volatility due to these events.
#FuhrerWerwolf #MarketUpdate
Here are the important events scheduled for this week that could impact the market:
1. CPI Inflation data - Wednesday
2. PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 Fed speakers this week
Lets anticipate increased market volatility due to these events.
#FuhrerWerwolf #MarketUpdate