Charts can be confusing. Luckily, we have other powerful tools. Here’s 5 On-Chain methods and how to use them.
Thread 0/6 👇
Thread 0/6 👇
1/6
Exchange Inflow & Outflow.
Big money is moving coins onto exchanges ➡️ suggests they plan to sell coins
Transferring stablecoins onto exchanges ➡️ suggests they plan to buy the dip
Moving coins off exchanges ➡️ suggests they plan to hold coins in short term
Exchange Inflow & Outflow.
Big money is moving coins onto exchanges ➡️ suggests they plan to sell coins
Transferring stablecoins onto exchanges ➡️ suggests they plan to buy the dip
Moving coins off exchanges ➡️ suggests they plan to hold coins in short term
2/6
Number of Transactions.
More people are using a network ➡️ product is healthy
Fewer people are using a network ➡️ something to be cautious of
When the number of transactions rises, it often correlates with rising prices
Number of Transactions.
More people are using a network ➡️ product is healthy
Fewer people are using a network ➡️ something to be cautious of
When the number of transactions rises, it often correlates with rising prices
3/6
Active Addresses.
By tracking the number of unique addresses that were active in the network either as a sender or receiver, we can gauge the level of new adoption
The more people who open wallets ➡️ bigger the network effect becomes
Active Addresses.
By tracking the number of unique addresses that were active in the network either as a sender or receiver, we can gauge the level of new adoption
The more people who open wallets ➡️ bigger the network effect becomes
4/6
Fees Generated.
More fees ➡️ higher network activity (developers building on projects and people transacting need to pay fees) ➡️ higher usage
Fees Generated.
More fees ➡️ higher network activity (developers building on projects and people transacting need to pay fees) ➡️ higher usage
5/6
Hash Rate.
Hash rate = measuring unit of the processing power of a network
Hash rate increases ➡️ growing interest in mining ➡️ more secure network
Hash Rate.
Hash rate = measuring unit of the processing power of a network
Hash rate increases ➡️ growing interest in mining ➡️ more secure network
6/6
The more you learn and the more tools you master, the greater your chances of building wealth and securing financial freedom.
For more information and actionable insights, read our On-Chain Analytics Guide.
koroushak.substack.com
The more you learn and the more tools you master, the greater your chances of building wealth and securing financial freedom.
For more information and actionable insights, read our On-Chain Analytics Guide.
koroushak.substack.com
Loading suggestions...