metrics – DIGIT INFO

Data points to Ethereum price making a short-term rally to the $3.2K level

DIGIT — Tue, 06 Aug 2024 17:36:10 +0000

ETH’s onchain and derivatives data are looking stronger even as macroeconomic data remains concerning.

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

DIGIT — Mon, 03 Apr 2023 01:30:25 +0000

While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native […]

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Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

DIGIT — Sun, 02 Apr 2023 08:34:57 +0000

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, […]

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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

DIGIT — Fri, 17 Mar 2023 18:30:14 +0000

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

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Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions

DIGIT — Tue, 28 Feb 2023 21:30:36 +0000

The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided and dropped to an average […]

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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

DIGIT — Mon, 20 Feb 2023 19:00:57 +0000

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]

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Six on-chain metrics suggesting Bitcoin is a ‘generational buying opportunity’

DIGIT — Wed, 25 Jan 2023 05:59:50 +0000

Six tried and tested on-chain metrics are repeating patterns last seen at the bottom of the past three bear markets.

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Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets

DIGIT — Wed, 11 Jan 2023 19:00:25 +0000

Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share […]

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While His Digital Trading Cards Tumble in Value, Trump Says His ‘Cute’ NFTs Were About the Art

DIGIT — Thu, 29 Dec 2022 23:30:35 +0000

After climbing to a high of 0.79 ether on Dec. 17, 2022, Donald Trump’s non-fungible tokens (NFTs) have dropped considerably in value over the last 12 days. On Dec. 29, 2022, Trump’s NFT collection has a floor value of 0.15 ether, which is around 81% lower than the floor value highs recorded last week. Trump […]

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Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’

DIGIT — Sun, 18 Dec 2022 17:00:50 +0000

After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578. Trump NFTs […]

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