News list for " relative"
Lookonchain posted on social media that, based on indicators such as the rainbow chart, the Relative Strength Index (RSI), the 200-week moving average heatmap, the Cumulative Value Coin Days Destroyed (CVDD), and the 2-year MA multiplier, Bitcoin has reached a record high, but it has not yet reached the peak of the bull market.
"In this cycle, relative valuations are more effective in Meme coins than in VC coins, because people who own Meme coins will sell their positions and buy other Meme coins," Su Zhu wrote on XX. However, even if one L2 is cheaper than the other, people who sell the more expensive L2 don't buy the cheaper L2, they just sell it for dollars. "
Ryan Watkins, co-founder of Syncracy Capital, said Solana was undervalued relative to Ethereum, and now Solana is comparable to Ethereum on most meaningful metrics, but is trading at only one-fifth the price of Ethereum. Ryan Watkins expressed optimism about the development of the Solana ecosystem.
On August 5th, Wang Zhe, a senior economist at Caixin Intelligence Tank, said that in July, the prosperity of the service industry improved, the manufacturing industry was relatively under pressure, and the price level was still relatively low, especially the sales price was at a low level, the profit space of enterprises was further squeezed, and the market optimism was slightly restored, but still at a low level. Insufficient domestic effective demand and weak market optimism expectations are ...
According to The Block data, the proportion of spot trading volume of DEX (decentralized exchange) to CEX (centralized exchange) reached a record high of 14.55% in July.
According to the latest update from QCP Capital, the price of bitcoin is expected to remain relatively calm. The Singapore-based crypto asset trading firm highlighted that the U.S. stock market surged to new highs after Federal Reserve Chairperson Jerome Powell said the U.S. was on a deflationary trajectory. Despite the bullish trend in the stock market, Bitcoin and Ethereum have shown no signs of respite, with their prices hovering around $57,000 and $3,000, respectively.
On July 5th, according to YCharts data, on July 3rd, ETHE's premium to net asset value reached 0.31%. Before the launch of the Ethereum Spot ETF in the United States, it is expected that ETHE will no longer trade at a negative premium. Over the past three years, ETHE has been trading at a negative premium, but on July 3, ETHE's premium to NAV reached 0.31%. Since the crypto bear market bottomed out in December 2022, ETHE has been trading at a negative premium, following the launch of a Bitcoin E...
Europe and the United States opened higher in the Asian market on Monday. The reason for this is that the pound has performed relatively well, but under the influence of this factor, it may face downside risks.
The stablecoin market remained relatively stable in June, with little change in supply. Several stablecoin projects underweight, including First Digital's FDUSD, which fell 28.5% last month. The largest stablecoin by market capitalization, Tether (USDT), edged up 0.7% in June. USDT has a market cap of $112.65 billion, while the fifth largest stablecoin, FDUSD, has a market cap of around $2 billion. The second-largest stablecoin USDC has a market cap of $32.24 billion, but supply is down slightly...
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