Saturday, August 23, 2025
Coin Insights
No Result
View All Result
  • 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
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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

    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

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    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
    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    NFT market cap drops by $1.2B as Ether rally loses steam

    NFT market cap drops by $1.2B as Ether rally loses steam

    From Apes to Punks, NFTs roar back with triple the buyers

    From Apes to Punks, NFTs roar back with triple the buyers

    What’s Behind the Price Surge

    What’s Behind the Price Surge

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

  • Gaming
    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • 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

    Polyhedra Network launches Proof Cloud in open beta

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

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

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

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

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

    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 an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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

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

    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

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    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
    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    NFT market cap drops by $1.2B as Ether rally loses steam

    NFT market cap drops by $1.2B as Ether rally loses steam

    From Apes to Punks, NFTs roar back with triple the buyers

    From Apes to Punks, NFTs roar back with triple the buyers

    What’s Behind the Price Surge

    What’s Behind the Price Surge

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

  • Gaming
    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • 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

    Polyhedra Network launches Proof Cloud in open beta

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

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

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

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

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

    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 an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

  • 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
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

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

November 16, 2023
in Bitcoin
29
How Solana’s bull run boosted trading activity on centralized exchanges
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

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  Bitcoin, Ethereum posted mixed results in July – What does August promise?

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  What happened in crypto today - Fed rate cuts, BTC's rise, Trump, and more

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

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

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

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

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

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Crypto.com Partners with PSG Soccer Team for Early Access to Blvck Paris Fashion Collab NFTs

Crypto.com Partners with PSG Soccer Team for Early Access to Blvck Paris Fashion Collab NFTs

Comments 29

  1. o7ee0 says:
    3 months ago

    clomiphene without rx how can i get cheap clomid pill where buy generic clomiphene price buy generic clomid pill where to buy cheap clomid tablets where to buy clomiphene tablets can i purchase clomiphene without insurance

    Reply
  2. cialis film coated tablets tadalafil says:
    2 months ago

    The reconditeness in this serving is exceptional.

    Reply
  3. cost of flagyl at walgreens says:
    2 months ago

    I couldn’t hold back commenting. Well written!

    Reply
  4. rdj12 says:
    2 months ago

    order azithromycin 500mg sale – where to buy tetracycline without a prescription order flagyl 400mg without prescription

    Reply
  5. daclr says:
    2 months ago

    buy semaglutide 14 mg pill – where can i buy semaglutide buy cyproheptadine 4mg

    Reply
  6. 6sdim says:
    2 months ago

    buy motilium pill – buy cheap generic domperidone order flexeril 15mg generic

    Reply
  7. vp6gf says:
    2 months ago

    order inderal 20mg pills – cost inderal 10mg cost methotrexate

    Reply
  8. a9cyy says:
    2 months ago

    amoxicillin uk – amoxicillin online combivent 100mcg tablet

    Reply
  9. 2oyzp says:
    2 months ago

    where can i buy zithromax – buy tinidazole 300mg online buy nebivolol 5mg sale

    Reply
  10. s1e3z says:
    2 months ago

    order esomeprazole 20mg for sale – https://anexamate.com/ nexium canada

    Reply
  11. c4sua says:
    2 months ago

    warfarin 5mg brand – blood thinner purchase cozaar generic

    Reply
  12. nfuui says:
    2 months ago

    generic meloxicam 7.5mg – tenderness where to buy mobic without a prescription

    Reply
  13. 1xgco says:
    2 months ago

    buy prednisone 10mg for sale – aprep lson prednisone 10mg sale

    Reply
  14. vo6jd says:
    2 months ago

    buy ed meds online – fast ed to take site free samples of ed pills

    Reply
  15. 5z2dm says:
    2 months ago

    buy amoxil pills – comba moxi purchase amoxil pill

    Reply
  16. 7p31k says:
    1 month ago

    buy generic diflucan over the counter – https://gpdifluca.com/ purchase fluconazole

    Reply
  17. okkmc says:
    1 month ago

    buy cenforce 50mg for sale – https://cenforcers.com/ order cenforce online cheap

    Reply
  18. k1fme says:
    1 month ago

    cialis professional vs cialis super active – tadalafil vidalista cialis daily vs regular cialis

    Reply
  19. mgqru says:
    1 month ago

    buying cialis – tadalafil tablets 20 mg global cialis picture

    Reply
  20. Connielet says:
    1 month ago

    buy zantac pills – https://aranitidine.com/ ranitidine 300mg ca

    Reply
  21. phmge says:
    1 month ago

    can you buy viagra vietnam – https://strongvpls.com/ viagra half pill

    Reply
  22. h8wb0 says:
    1 month ago

    This is a keynote which is forthcoming to my heart… Numberless thanks! Exactly where can I lay one’s hands on the connection details due to the fact that questions? neurontin drug

    Reply
  23. Connielet says:
    1 month ago

    The sagacity in this piece is exceptional. https://ursxdol.com/augmentin-amoxiclav-pill/

    Reply
  24. w3btu says:
    1 month ago

    This is the description of content I take advantage of reading. https://prohnrg.com/product/cytotec-online/

    Reply
  25. 8orum says:
    4 weeks ago

    More peace pieces like this would create the интернет better. est-ce que le xenical fait maigrir

    Reply
  26. Connielet says:
    2 weeks ago

    This is the compassionate of writing I rightly appreciate. https://ondactone.com/spironolactone/

    Reply
  27. Connielet says:
    2 weeks ago

    This is a keynote which is near to my callousness… Myriad thanks! Quite where can I notice the contact details in the course of questions?
    buy generic tetracycline

    Reply
  28. Connielet says:
    5 days ago

    This website exceedingly has all of the tidings and facts I needed to this participant and didn’t know who to ask. http://furiouslyeclectic.com/forum/member.php?action=profile&uid=24632

    Reply
  29. Connielet says:
    17 hours ago

    forxiga 10 mg uk – forxiga 10mg canada dapagliflozin 10mg brand

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

PepeCoin Cryptocurrency (pepecoin) Price Prediction 2023 2024 2025

Energi (NRG) Price Prediction

January 4, 2024
Ethereum Price Makes New 2023 High, Sets Sights On $3,000

Ethereum Price Makes New 2023 High, Sets Sights On $3,000

December 3, 2023
BlackRock says review for spot bitcoin ETF application is still ongoing by SEC

BlackRock says review for spot bitcoin ETF application is still ongoing by SEC

October 16, 2023
Assessing whether Ethereum will breach $1600

Assessing whether Ethereum will breach $1600

October 20, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • What Is an Algorithmic Stablecoin? How It Works and Why It Matters
  • Ethereum Rules With $56.57M Sales, Solana and Polygon Compete
  • What Is Volatility in Crypto? Why It Happens and How to Stay Safe

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.