About ALT 5 Sigma Inc. ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry. Jan 24, · The total market capitalization for all cryptocurrencies is $ billion, and the second-most valuable digital currency was Ethereum, with a market value less Author: John Divine. Get the latest Ethereum price, ETH market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website Cryptocurrencies: 8, Markets: 34, Market Cap: $,,, 24h Vol: $,,, BTC Dominance: %.
Btc or eth marketBTC and ETH: Which one is a better buy?
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Meanwhile, the number of unique addresses with no less than BTC 10K has rebounded from the lows in late March. Still, it seems relatively low compared to the number in late June, which is at However, we also see limitations on this. Although the number of BTC addresses with a high balance has been picking up, this data alone is only part of the broader picture. By combining the balance on exchanges number, we may able to see a more comprehensive image.
One of the narratives is that the total ETH gas used has reached a new all-time high, meaning more people have been using the network; thus, the price should go up.
ETH prices have touched levels before retracting back to the handles. However, when we look at the mean number of ETH gas used, we could see another picture.
Data from Glassnode shows that the mean of ETH gas used has been lowering on the back of the rally, and formed a downtrend. From that perspective, there may not be as many transactions as we thought. Generally, a higher transaction fee could suggest that the market has a higher demand for conducting transactions. Therefore users are willing to pay more for faster settlements.
That also indicates that more people are using the network. We believe that cryptocurrency is a kind of network value asset, which means the more people use and hodl it, the more valuable the asset will be. If analyzing on-chain activities is like fundamental analysis to equities, analyzing derivatives trading activities could be like statistical analysis.
It could provide market participants with a glimpse of how real traders have been positioning their trades. We could find valuable information from that. We noticed that one of the recent conversations in the crypto community is that the options skew of ETH has turned negative, and it could be bullish for the price.
Traders can use these relative changes as a trading strategy. We believe that the IV changes in different options contracts could somewhat suggest the upcoming volatility of the underlying and how traders were anticipating it. We think that traders should consider this alongside with many other factors that could drive the crypto markets. The way options traders pick the strike prices seems telling us that market has been takinga more progressive view on BTC prices, while the view on ETH has been relatively moderate.
We can see that most of the BTC options open interestwere in the strike price area, while the second and the third most popular strike price wear around and On the ETH side, strikes have been the most popular, while the second and the third most OI were and On the ETH side, calls with strikes seem like a typical bullish setup.