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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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  • NFT
    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

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    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

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    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

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    Elite Footballers Named in $3.4 Million Crypto Fraud Case

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  • Gaming
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    Gas Hacks: 7 Advanced Techniques to Slash NFT Minting Fees on Ethereum

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    This Crypto Gaming PC Will Self-Destruct on Command

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    You Can Earn Real Bitcoin for Playing This Crypto Mining Game—Here’s How Much

    Games That Feature the Dogecoin Meme Pup

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

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    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

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  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

  • Gaming
    Floki’s Valhalla to Launch 4-Week Reddit Blitz Ahead of Mainnet Release

    Floki’s Valhalla to Launch 4-Week Reddit Blitz Ahead of Mainnet Release

    Web3 Game My Neighbour Alice Launches on Chromia Blockchain

    Web3 Game My Neighbour Alice Launches on Chromia Blockchain

    Gas Hacks: 7 Advanced Techniques to Slash NFT Minting Fees on Ethereum

    Gas Hacks: 7 Advanced Techniques to Slash NFT Minting Fees on Ethereum

    This Crypto Gaming PC Will Self-Destruct on Command

    This Crypto Gaming PC Will Self-Destruct on Command

    My Neighbor Alice Rolls Out Chapter One: A New Adventure, Powered by Chromia

    My Neighbor Alice Rolls Out Chapter One: A New Adventure, Powered by Chromia

    Avalanche Launches Free Gaming ‘Battle Pass’ With AVAX and NFT Rewards

    Avalanche Launches Free Gaming ‘Battle Pass’ With AVAX and NFT Rewards

    You Can Earn Real Bitcoin for Playing This Crypto Mining Game—Here’s How Much

    Games That Feature the Dogecoin Meme Pup

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • Guides
    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Bitcoin

Bitcoin crosses $37K: Do on-chain metrics support the move

November 16, 2023
in Bitcoin
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How Solana’s bull run boosted trading activity on centralized exchanges
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Journalist

Posted: November 17, 2023

  • The NVT ratio exited bearish territory after a long time.
  • The transaction count moved in tandem with the price rise.

The world’s largest digital asset Bitcoin [BTC] rose back above $37,000 in the last 24 hours, sustaining the interest of bullish market participants.

The rally has resulted in a 32% spike in Bitcoin’s market cap over the last month, AMBCrypto found out after examining CoinMarketCap’s data.

Source: CoinMarketCap

As Bitcoin gained momentum, one of its crucial growth potential metrics revealed a healthy picture.

Network activity matches market cap growth

The asset’s Network Value-to-Transaction (NVT) ratio significantly improved over the last month, according to an X post by on-chain analytics firm Santiment. In fact, the ratio exited bearish territory after spending the majority of 2o23 in it.

The recovery was made possible due to a sharp uptick in network activity in October.

Source: Santiment

The NVT ratio determines if a crypto asset’s valuation is higher than the value being transmitted on the network. Think of it as an equivalent to the Price-to-Earnings ratio used commonly in the equity markets.

A higher value implies that the asset is overvalued compared to its on-chain transactions and vice versa.

The shift in Bitcoin’s NVT ratio reflected a sustained rise in Bitcoin’s network activity that matched its market cap growth. Indeed, the number of transactions on the proof-of-work (PoW) blockchain moved in tandem with the price rise, as per Santiment.

Source: Santiment

With emphasis on network fundamentals being higher than ever in Web3, the scenario boded well for Bitcoin’s long-term prospects.

See also  After Hong Kong Bitcoin ETF, Australia joins the party: Will BTC rise again?

Rally drives speculative interest

BTC’s ongoing rally continued to energize derivatives markets as well. The Open Interest (OI) in futures contracts went past $17 billion in the last 24 hours, the highest point since April, according to Coinglass.

The month-long uptrend has resulted in a 54% jump in the dollar value locked in active contracts.

Source: Coinglass


Is your portfolio green? Check out the BTC Profit Calculator


Moreover, Bitcoin market participants continued to be greedy, as per Hyblock Capital. This meant that they were in the mood to buy more.

In the short term, such buying pressure could be a helpful catalyst for Bitcoin’s market value growth.

Source: Hyblock Capital

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Journalist

Posted: November 17, 2023

  • The NVT ratio exited bearish territory after a long time.
  • The transaction count moved in tandem with the price rise.

The world’s largest digital asset Bitcoin [BTC] rose back above $37,000 in the last 24 hours, sustaining the interest of bullish market participants.

The rally has resulted in a 32% spike in Bitcoin’s market cap over the last month, AMBCrypto found out after examining CoinMarketCap’s data.

Source: CoinMarketCap

As Bitcoin gained momentum, one of its crucial growth potential metrics revealed a healthy picture.

Network activity matches market cap growth

The asset’s Network Value-to-Transaction (NVT) ratio significantly improved over the last month, according to an X post by on-chain analytics firm Santiment. In fact, the ratio exited bearish territory after spending the majority of 2o23 in it.

See also  Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

The recovery was made possible due to a sharp uptick in network activity in October.

Source: Santiment

The NVT ratio determines if a crypto asset’s valuation is higher than the value being transmitted on the network. Think of it as an equivalent to the Price-to-Earnings ratio used commonly in the equity markets.

A higher value implies that the asset is overvalued compared to its on-chain transactions and vice versa.

The shift in Bitcoin’s NVT ratio reflected a sustained rise in Bitcoin’s network activity that matched its market cap growth. Indeed, the number of transactions on the proof-of-work (PoW) blockchain moved in tandem with the price rise, as per Santiment.

Source: Santiment

With emphasis on network fundamentals being higher than ever in Web3, the scenario boded well for Bitcoin’s long-term prospects.

Rally drives speculative interest

BTC’s ongoing rally continued to energize derivatives markets as well. The Open Interest (OI) in futures contracts went past $17 billion in the last 24 hours, the highest point since April, according to Coinglass.

The month-long uptrend has resulted in a 54% jump in the dollar value locked in active contracts.

Source: Coinglass


Is your portfolio green? Check out the BTC Profit Calculator


Moreover, Bitcoin market participants continued to be greedy, as per Hyblock Capital. This meant that they were in the mood to buy more.

In the short term, such buying pressure could be a helpful catalyst for Bitcoin’s market value growth.

Source: Hyblock Capital

Tags: 37KBitcoincrossesmetricsmoveOnChainsupport

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