aleksei
All user Creations
Created 23.04.2024
The Chainlink circulating supply chart represents the total number of Chainlink (LINK) tokens actively available in the market and not locked in any contract. The graph fluctuates based on the rate of token release, token burns, and movements from inactive to active wallets. Traders can use this chart in tandem with pricing trends. A decrease in circulating supply can imply scarcity and may drive prices up if demand remains constant or increases. Conversely, an increase could signal oversupply, potentially leading to price decreases if the demand isn't keeping up. It's all about matching supply trends with price action to predict future movements.

Created 23.04.2024
The Bitcoin Long to Short Ratio, also known as the Funding Rate chart, displays the rate at which you'll pay or be paid if you hold a leveraged position in a cryptocurrency over a certain period. Essentially, it reflects the balance of market sentiment; if the rate is positive, more traders are going long, if it's negative, they are leaning short. In terms of trading, viewing this chart can help predict potential market swings. For instance, an extremely high funding rate might imply an overbought market, suggesting it could be ripe for a correction, while a negative rate may hint at an oversold market, possibly pointing to an incoming upward swing. This way, traders can use the rate as one of the tools to devise their market entry or exit strategies.

Created 16.04.2024
The BOOK OF MEME (BOME) price chart visualizes the price movements of BOME over time, allowing you to identify trends, potential reversals, or breakout points. Alongside the price chart, using social data from Santiment can significantly leverage your trading decisions. Social data refers to BOME's online sentiment and engagement level, gathering quantifiable data points from social platforms like Twitter and Reddit. By analyzing increases or decreases in chatter about BOME, you can gauge public interest and potentially forecast price movements. For example, a sudden upsurge in social volume might indicate an upcoming price increase, signaling a good time to buy; conversely, a drop could suggest a selling opportunity. Incorporating social data into your trading strategies essentially provides a comprehensive understanding of the market's mood and upcoming movements.

Created 16.04.2024
The Bitcoin Miners Supply Held chart reflects the amount of Bitcoin held by miners. It's a crucial tool that traders can use to gauge market sentiment. A declining chart signifies miners are selling their rewards, possibly expecting a bearish market, which may lead to a drop in Bitcoin's price. Conversely, an increasing chart means miners are holding onto their Bitcoin, hinting at a bullish market sentiment and potential price increase. Use this info to position your trade accordingly: buy when the market's bullish and sell when it's bearish.

Created 16.04.2024
The Polygon active addresses chart showcases the number of unique addresses involved in transactions on the Polygon network on a daily basis. It's a valuable tool to assess network activity and user adoption over time. Higher peaks indicate increased activity which often correlates with higher price volatility. Traders use this information to anticipate movements: a sudden surged in active addresses could mean a potential price pump is coming. It's not a definitive forecast, but it can certainly aid your decision-making in the crypto market.
