Kategorie: Allgemein

• Marathon Digital Holdings reported a 58% year-on-year decrease in revenue for the fourth quarter of 2022 to $28.4 million.
• The company’s annual production increased 30% to 4,144 in 2022.
• Marathon terminated its credit facilities with Silvergate Bank, releasing 3,132 Bitcoin held as collateral valued at over $68 million at the time.

Marathon Digital Holdings Reports Fourth Quarter Results

Marathon Digital Holdings announced that its revenue for the fourth quarter of 2022 fell 58% year on year to $28.4 million. Annual production increased by 30% to 4,144 in 2022.

Impairment Charge Impacts Results

The results were impacted by a $332.9 million fourth-quarter impairment charge related to the carrying value of mining rigs and advance payments to vendors, in addition to the decline of $317.6 million in the carrying value of its digital assets. This resulted in a full-year net loss for Marathon of $686.7 million compared to a loss of only $37.1 million during 2021.

Stock Drops Following News

Following news of the results being released, Marathon shares declined 0.13%, trading at around 7 dollars per share at press time according to Yahoo Finance data.

Credit Facilities with Silvergate Terminated

In February 2023, Marathon terminated its credit facilities with Silvergate Bank which resulted in the release of 3,132 bitcoin that were previously held as collateral and was valued at over $68M at the time which would result in a reduction of debt by 50M and an annual borrowing cost reduction by 5M for Marathon Digital Holdings according to their statement released last month when news broke about Silvergate’s closure operations spread out on 8th March this year .

Conclusion

These results reflect a significant drop from previous records set by Marathons Digital Holdings However due To termination Of credit facility With silver gate bank freeing up 3132 bitcoins ,the company is looking forward towards alternative banking relationships as stated by CEO Fred Thiel last month .

• The Internet Computer’s native cryptocurrency ICP is currently trading at a 40% discount from February highs.
• There are signs of a potential pivot in the works and ICP is now approaching an important support level.
• Recent development data reveals that Internet Computer has the highest development activity out of the top decentralized networks.

Internet Computer’s Native Crypto Discounted

The Internet Computer’s native cryptocurrency ICP has seen a significant discount since its February peak, now trading at roughly 40% below its former high. Despite this, there are signs of potential positive price action as ICP approaches an important support level.

Signs of Potential Pivot

ICP traders have observed multiple metrics which may point to the next major move. For example, its price volatility metric remains high and its social dominance metric registered its largest 4-week spike during Tuesday’s trading session, indicating that the token is still receiving decent levels of attention from investors. Additionally, the Money Flow indicator has now pivoted, confirming some accumulation within the current support range ($5 – $5.20).

Development Lead for Internet Computer

Recent development data reveals that the Internet Computer had the highest development activity out of all top decentralized networks according to ProofOfGitHub data. This could indicate incentives for bullish sentiment among investors and could contribute to future growth in price if these developments are successful.

Sentiment Remains Bearish

Despite all this positive news surrounding ICP, sentiment remains bearish due to lack of conversion to buying pressure among investors. This could be an opportunity for those who believe in ICP’s long-term potential as there may be room for growth once investor confidence returns to normal levels and buying pressure increases again.

ICP: A Token To Watch?

Given all these factors – discounted price, signs of a potential pivot, strong development lead and bearish sentiment – it appears that ICP may be one token worth watching closely in upcoming weeks and months ahead as it could provide good investment opportunities in time.

• Optimism (OP) recently shared an update about their upcoming hard fork in March.
• The protocol also announced a slew of other upgrades, such as the idea of a ‚Superchain‘.
• Despite this, OP holders failed to respond positively and the token dropped 5.55% in 24-hours.

Optimism’s Upcoming Hard Fork

Optimism [OP] recently shared an update about their upcoming hard fork in March. The tweet was optimistic that there will be no downtime for users and network nodes would have to be updated in advance.

Sea Of Changes Awaiting Optimism Ecosystem

The protocol also added that the Optimism Goerli hard fork was meant to fix inconsistencies in API for receipts in system transactions. Santiment reported a surge in development activity on the platform, which suggested that key technical upgrades could be delivered on time. The network also announced ideas such as a ‘Superchain’ – a cohesive and interoperable system unifying multiple layer-2 solutions into one.

OP’s Bullish Idea Still Has Weight

Despite these developments, OP holders failed to respond positively and the token dropped 5.55% in 24-hours at the time of writing this article. However, Santiment suggested that most holders would book profits if they sold their holdings at prevailing prices – indicating bullish sentiment from long term investors on the platform. The daily transaction volume tripled over 10 days and lent further credence to this deduction.

OP’s Open Interest (OI) Moves Sideways

After a sharp move upwards on 10 February, Optimism’s open interest (OI) spiked briefly last week but then matched price movement and moved sideways since then.

What Are 1,10 & 100 OPs Worth Today?

Unfortunately, due to bearish sentiment from OP holders, it is difficult to determine how much 1, 10 or 100 OPs are worth today with any degree of accuracy – investors should use discretion before making any decisions regarding buying/selling OP tokens.

• Chainlink reported nine new adoptions across six chains.
• Metrics supported the massive weekly uptick, and indicators remained in support of the bulls.
• LINK’s price increased by over 25% in the last seven days, with its market capitalization reaching over $4.1 billion.

Chainlink Reports Nine New Adoptions

Chainlink recently reported nine new adoptions across six different chains: BNB Chain, Arbitrum, Avalanche [AVAX], Ethereum [ETH], Polygon [MATIC], and Solana [SOL]. This adoption is part of a larger trend of increasing integrations for Chainlink services that have been happening each week. These new integrations are helping to power up the multi-chain ecosystem.

LINK Price Surges By Over 25%

The news of these integrations was accompanied by a surge in LINK’s price; its value increased by over 25% in the past seven days alone. At press time, it was trading at $8.22 with a market capitalization of over $4.1 billion. What’s more, LINK ranked third on WhaleStats‘ list of cryptos held by top 500 Ethereum whales on 20 February 2021 — suggesting that whales were also buying up LINK tokens during this period.

Metrics Back Up Price Surge

The rise in LINK’s price was not unsubstantiated; metrics from CoinMarketCap suggested several factors were at play here that could have pushed its value upwards so quickly and significantly. For example, LINK’s Binance and DyDx funding rates remained consistently high — indicating demand from the futures market — while its network growth stayed up throughout the week as well as its social dominance spiking suddenly too. CryptoQuant also revealed that LINK’s net deposits on exchanges are low compared to their seven-day average — which is usually seen as bullish behaviour due to less selling pressure being applied to it currently than usual. Additionally, active addresses on Chainlink were increasing daily too — further confirming an increase in interest surrounding this token right now!

Future Predictions For LINK

These positive developments suggest that there might be more good news coming soon for those who hold or are thinking about investing in LINK tokens! The bullish sentiment is expected to remain strong into 2021–2022 according to experts like WalletInvestor’s team who predict that its price will reach around $25 by then due to continued adoption and integration across various networks worldwide. Similarly LongForecast predicts a steady climb for Link over the next two years with an estimated peak of around US$50/token at some point during 2022–2023 which could potentially be even higher depending on how things turn out!

Conclusion

Overall, this week has been incredibly promising for those invested or interested in investing in Link! Not only did it see a huge price surge but also numerous adoptions across various networks along with supportive metrics all pointing towards further growth ahead for this token going forward into 2022/2023 and beyond!

• DYDX has made large gains in January and is currently in a period of consolidation and pullback.
• The $2.4 zone has seen consolidation in the past, as well as a bounce in recent days.
• Indicators suggest that buyers may be interested in buying this move back above the $2.6 level of support, with potential take-profit levels at $3.25 and $4.

DYDX Gains

The birth of 2021 brought a rally that has lasted close to six weeks for altcoins like DYDX. During this time, there have been periods of consolidation and pullback witnessed by the token.

$2.4 Zone

The $2.4 region is an important level on the 4-hour price chart since it is both an H4 bullish order block and a zone beneath which the asset consolidated in late January before making a violent move upward on 31st January. This could indicate that many buyers are likely to be interested in this area due to its history of holding up prices during times of pullbacks or consolidations.

Indicators

The 4-hour RSI has not yet recovered to push above the neutral 50 mark, despite the near 10% bounce within the past three days, while On Balance Volume (OBV) made lower highs even though DYDX burst above the $2.8 resistance with vehemence . The 30-day MVRV ratio fell toward zero to indicate short-term holders had taken profits; however, sentiment remains negative overall as indicated by mean coin age dropping since late December which signals increased selling pressure over time..

Risk Management

Buyers should exercise caution when trading DYDX as Bitcoin sits at critical support zone around $21k at present time; risk can be managed by buying back into momentum once prices break beyond $2.6 level of support with potential take-profit levels identified at around $3-$4 mark if Bitcoin can regain its bullishness which could result in strong returns for DYDX token holders..

Invalidation

A drop beneath either daily timeframe’s support ($1-$1) ,or lower timeframe’s supports ($ 2 -$ 2 ) would invalidate any aforementioned buy scenario for DYdex tokens .

Overview

• The total value locked (TVL) on Blur Bidding Pools recently hit an all-time high of $39.2 million, driven by marketing strategies and incentives such as zero trading fees and airdrops of BLUR tokens.
• Data from DefiLlama pointed out that the TVL has expanded by almost 50% in the last month, cementing Blur’s position as a dominant player in the NFT marketplace ecosystem.
• According to data provided by Dune Analytics, Blur accounted for over 37% of the NFT trading volumes across all marketplaces and was also the largest NFT marketplace aggregator with 70% market dominance.

Sharp Increase in Total Value Locked (TVL)

The official BLUR token will launch on 14 February 2023, but prior to its launch, the total value locked (TVL) on Blur bidding pools had already reached an all-time high of almost $40 million. According to a tweet by the platform on 4 February, this marks a sharp increase compared to when it launched three months ago. Additionally, data from DefiLlama pointed out that the TVL has expanded by almost 50% in the last month, which further cements Blur’s position as a dominant player in the NFT marketplace ecosystem.

Why Blur is Getting Clearer

Blur’s increased activity can be attributed to their strategic marketing tactics and enticing marketplace rules. Firstly, unlike other players in the ecosystem, it charges no trading fees for users who list their NFTs on its platform. Furthermore, ever since its launch it has been providing „Care Packages“ containing BLUR tokens as incentives for users to engage more with its platform; these tokens can be redeemed once they are launched later this month. These measures seem to have been effective so far in driving up trading activity on the platform.

Increase In Volume & Market Share

According to data provided by Dune Analytics, Blur accounted for over 37% of overall NFT trading volumes across all marketplaces – second only behind OpenSea at 45%. While active users were lower than that of OpenSea’s user base; however these users tend to trade more frequently on average per user than those using other platforms – indicating an increasing level engagement among existing users of Blur’s network. Additionally, statistics showed that Blur was also act as an NFT marketplace aggregator with nearly 70% market dominance – making them one of most widely used protocols on Ethereum currently..

Conclusion

Overall it seems like Blur’s innovative approach towards incentivizing activity within their network is paying off dividends – resulting in increased volume & market share and subsequently higher total value locked (TVL). With their official token launch scheduled later this month – there’s still plenty more room for growth and development within this burgeoning space going forward!

• VeChain is a blockchain-based platform that utilizes distributed ledger technology to provide businesses with a transparent and secure way to track products and goods through the supply chain.
• VeChain has a dual-token economic model, where VET is the native token and VTHO is used to pay for the use of smart contracts on the network.
• VeChain has partnered with several major businesses and organizations, such as BMW, PwC, and DNV GL, to develop and implement blockchain-based solutions for various industries.

VeChain is a blockchain-based platform that aims to revolutionize supply chain management and logistics for businesses. Using distributed ledger technology, VeChain offers businesses a secure and transparent way to track products and goods as they move through the supply chain. Utilizing a dual-token economic model, VeChain is powered by two tokens – VET and VTHO. VET is the native token used to transfer value within the network and to pay for transaction fees, while VTHO is the token used to pay for the use of smart contracts on the network. VET is also used as a governance token, allowing holders to vote on proposed changes to the network.

In addition to its own blockchain, VeChain has also partnered with several major businesses and organizations such as BMW, PwC, and DNV GL to develop and implement blockchain-based solutions for various industries. These partnerships have helped to establish VeChain as a reputable and reliable platform for businesses looking to adopt blockchain technology. After reaching its all-time high, VET saw a significant correction in price as the overall cryptocurrency market cooled off. The price of VET fell to a low of around $0.25 in early 2018, before gradually recovering over the next few years. In 2021, VET once again saw a significant price increase, reaching a new all-time high of over $0.70 in May of that year.

VeChain continues to grow in popularity due to its wide range of use cases and its partnerships with major businesses and organizations. With its focus on supply chain management, logistics, and product traceability, VeChain has the potential to revolutionize the way businesses track products and goods through the supply chain. By leveraging blockchain technology, VeChain is creating a secure and transparent system for businesses to utilize. As more businesses continue to adopt VeChain and its blockchain-based solutions, it is likely that the price of VET will continue to rise.

• Stablecoin inflow has been met with a decrease in Bitcoin reserves, leading to a decrease in overall demand for the cryptocurrency.
• CryptoQuant analyst Joaowedson confirmed that the BUSD stablecoin flow tides have changed for the past few days as indicated by the data.
• Santiment data showed that the social volume metric was relatively at a low point compared to the previous peaks it had hit in the past 18 days.

The euphoria around Bitcoin [BTC] might have come to an abrupt end after the king coin failed to register significant gains for the first time in the new year. At press time, BTC was back at the $20,000 region despite calls to breakout farther. However, the price trend is not the only part that has changed in the Bitcoin system. The flow has now backtracked when the market was in its boom era, there was a massive flow of stablecoins in exchanges. This action depicted investors‘ resolve to grab a share of the accumulation and profit taking. According to CryptoQuant analyst Joaowedson, there was a recent inflow of $250 million into the Binance USD [BUSD]. As this generated a lot of buzzes, it also impacted the BTC price uptick.

However, the inrush into the spot market meant that there was a decrease in the reserves. So, while there was increased buying pressure in pushing the price, the dip in reserve was also influential in driving down the demand. This decrease means that only a few number of investors were participating in Bitcoin transactions. Joaowedson further confirmed that the BUSD stablecoin flow tides have changed for the past few days as indicated by the data on CryptoQuant.

Concerning the social volume, data from Santiment showed that the metric was relatively at a low point compared to the previous peaks it had hit in the last 18 days. At the time of writing, the social volume was 2774. The social volume displays how trendy an arbitrary search for an asset is. Since the volume had decreased, it implied that there were fewer people talking about Bitcoin and its performance.

Whales behavior could help BTC regain bullishness provided the UTXO value bands maintain status quo. It is important to note that the inflow of stablecoins did not necessarily mean that the market was bullish. Although it is an important metric to gauge the market sentiment, the drop in reserves was more indicative of the market’s bearishness. As such, it is important to keep track of the UTXO value bands to determine the whales‘ behavior and its impact on the overall Bitcoin price.

As the market continues to experience fluctuations, it is important to observe the data and metrics associated with Bitcoin. The inflow of stablecoins and the decrease in reserves are two key indicators that can be used to determine the market sentiment. Additionally, the social volume and UTXO value bands can help to provide an insight into the behavior of whales and the market’s direction in the near future.

• BUSD, the stablecoin of cryptocurrency exchange Binance, has been criticized due to reports showing insufficient backing of the coin.
• BUSD is pegged to the dollar, so the exchange must have a stockpile of U.S. dollars in a bank account. Regular updates are released detailing the amount of BUSD in circulation and the equivalent number of U.S. dollars kept in reserve.
• Recently, Binance disclosed that bugs in its system had resulted in at least $1 billion in under collateralization of its Binance Smart Chain BUSD supply, which was supposed to be backed one-to-one by the U.S. dollar.

The stablecoin of trading platform Binance, BUSD, has been under the spotlight recently due to reports showing insufficient backing of the coin. This stablecoin is pegged to the dollar, so the exchange must have a stockpile of U.S. dollars in a bank account in order to guarantee that one BUSD will always be worth one USD. To show users that there is a sufficient amount of U.S. dollars in reserve to back the whole value of BUSD in circulation, Binance releases regular updates detailing the amount of BUSD in circulation and the equivalent number of U.S. dollars kept in reserve.

However, unfortunately, recent revelations have cast doubt on the process. On 10 January, Binance disclosed that bugs in its system had resulted in at least $1 billion in under collateralization of its Binance Smart Chain BUSD supply, which was supposed to be backed one-to-one by the U.S. dollar. This had caused three significant deviations from its peg and had caused the market to be wary of the stability of the coin.

This is why Paxos, a New York-based financial technology startup, has stepped in to guarantee the full collateralization of BUSD on the Ethereum blockchain in U.S. dollars. This was achieved by the company giving the exchange a bank account where all the cash reserves are kept. This account is then audited regularly to ensure that the reserves are sufficient to back the BUSD supply, thus guaranteeing the stability of the coin.

Binance has also responded to the criticism by stating that it remains committed to ensuring the integrity and longevity of the BUSD peg. It has taken steps to enable the full collateralization of BUSD on its blockchains, and it is continuing to work on further improving its systems to ensure the stability of the coin.

Overall, the recent reports have caused some uncertainty in the market, but Binance has taken steps to ensure the stability of BUSD by working with Paxos and taking measures to ensure the full collateralization of the coin. As a result, the coin has been able to maintain its peg so far, and it is hoped that this will continue in the future.

• Bitcoin’s lack of demand can be attributed to its network usage and its 24-hour trading volume has seen a 1.75% decrease.
• CryptoQuant analyst, Cauceconomy has opined that expecting a return of the Bitcoin [BTC] bull market might be too hasty due to the lack of demand.
• Cauceconomy pointed out that there was usually a notable breakout during the bear market before the bull season in previous cycles, which is not seen in the current momentum displayed by BTC.

The cryptocurrency market has been on a surge since the beginning of 2023, with Bitcoin [BTC] leading the pack. After a spectacular run in the first ten days of the year, investors were expecting the king coin to break out of its bearish slump from the previous year. However, despite the impressive run, Bitcoin’s demand has been quite underwhelming, raising questions on whether the bull market will return.

To help answer this question, CryptoQuant analyst, Cauceconomy has assessed the condition of the Bitcoin demand. According to his publication on the crypto data insight platform, Bitcoin’s lack of demand can be attributed to its network usage. This is because each block confirmation translates to increased daily transactions. However, that has not been the situation lately as miners have not necessarily been profitable to increase productivity by confirming more blocks. Hence, the trading volume has been repressed. According to CoinMarketCap, the BTC 24-hour trading volume was a 1.75% decrease at press time. This aligned with the analyst’s reference to a dip in transactions on the Bitcoin network.

Besides, Cauceconomy backed up his opinion by citing the historical trend. He pointed out that there was usually a notable breakout during the bear market before the bull season in previous cycles, but the current momentum displayed by BTC has shown nothing of such. The analyst said, „For us to have growth in the fundamentals of the network, we will need to see greater demand for trading and, consequently, higher fees for daily transactions. At this time, we haven’t had that breakout yet.“

The CryptoQuant analyst concluded by saying that a short term retreat could be likely depending on the CPI outcome as supply in profit spikes. He emphasized that expecting a return of the Bitcoin bull market might sound too hasty despite the king coin resurgence above $17,000.

All in all, while the cryptocurrency market has seen an impressive surge in the first ten days of the year, the lack of demand for Bitcoin has raised questions on whether the bull market will return. This has been backed up by CryptoQuant analyst, Cauceconomy, who has assessed the condition of the Bitcoin demand and highlighted the lack of a notable breakout in the current momentum displayed by BTC. Therefore, it might be too early to expect a return of the Bitcoin bull market.