The Week In Crypto In Five Graphs (2/16/20) – CryptoMondays
There’s something happening here, what it is …
I spent the past week at ETHDenver, which was mind blowing on many levels. The bottom line is that the Ethereum community is massive, growing, engaged, and poised to accelerate innovation, most notably in DeFi and DAOs. I couldn’t be more excited about what’s to come.
2/14/20, Trustnodes
Ethereum’s price reached $285 last week, its highest level since July, as the number of transaction on the network doubled. The networks hash rate is also rising, up 15% since the beginning of the year. Coupled with my enthusiasm for the Ethereum community, I see a multitude of positive signals for the Ethereum ecosystem.
1/21/20, A16Z, Angela Strange
It turns out…. that banks, and most other financial institutions, suck. This fact is opening the door for tech companies to grab market share and grow new markets. In this compelling article and video, Angela Strange, a Partner with A16Z, makes the case that “Every company should be thinking about how to leverage financial services to better serve their customers, retain their customers and drive margin”.
2/7/20, Coinbase Blog, Mike Co
This article makes the case that Bitcoin’s a wide range of technical advantages, coupled with accelerating development, make Bitcoin a store of value to rival gold (I couldn’t agree more). Among the various graphs used to make the point is Bitcoin’s declining volatility. According to CoinMetrics, average Bitcoin volatility (180d) has declined compared to the first half of the decade: from 6.4% (2011–2015) down to 3.7% (2015–2020).
2/16/20, CoinDesk, Galen Moore
The article tries to make the case that demand for DeFi lending services built on Ethereum is inversely related to the price of ETH. That when ether prices are falling, the amount of ETH locked in DeFi tends to rise, and vice versa. But looking at the graph, I don’t see that?
2/14/20, TheBlock, Larry Cermak
Total open interest for Bitcoin futures surpassed $5 billion for the first time last week, indicating that more money is flowing into the Bitcoin ecosystem, and that it’s betting on a near-term rise in volatility.
While BitMEX continues to have the largest market share of open interest at $1.6 billion, it’s 31.0% share of the total aggregated futures market is down from 44% since November. Chinese exchanges OKEx and Huobi, which have $1.4 billion and $1 billion in open interest respectively, are experincing rapid growth, and gaining share.
If you got .00001 BTC of value from this post please “Clap” below (up to 50 times). Thx!
Published at Sun, 16 Feb 2020 18:36:43 +0000
