1. Ultra Sound Money data shows Ethereum destroyed 105,248 ETH and issued 70,655 ETH in the past month. 2. This resulted in a net decrease of 34,579 ETH in the Ethereum supply. 3. Lower supply often triggers increased demand and potentially higher Ethereum prices. 4. The reduction in supply is only one factor influencing cryptocurrency prices. 5. Numerous factors beyond supply affect Ethereum's value in the market. 6. The evolving Ethereum network's dynamics might influence market reactions. 7. Ethereum's value is subject to a complex interplay of market forces. 8. Changes in supply and demand dynamics can have long-term effects on Ethereum's value. 9. Ethereum's ongoing development may further shape its supply and demand trends. 10. Observing how these changes impact Ethereum's value remains an intriguing aspect of its market evolution.  #EthereumWhales #ETH

Cryptocurrency traders and investors often overlook the tokenomics and supply inflation of cryptocurrencies. Understanding how they affect the value of a crypto asset offers a valuable advantage when investing. With that in mind, Finbold looked at Terra Classic (LUNC) tokenomics from a different perspective. Public market data from leading indexes can demonstrate the effects of an increased supply inflation. We calculated the exact price LUNC would trade if it ever hits the all-time high market cap. Interestingly, any token needs more demand to keep its same value, facing an inflationary supply. These two factors influence whether a cryptocurrency’s price rises or falls. Each one of them, including Terra Classic, has its unique ‘tokenomics’ structure. Notably, LUNC had an all-time high market cap of $40.99 billion on April 4, 2022, according to CoinMarketCap’s index. Meanwhile, the token traded for as high as $119.18 the next day. An inverse calculation suggests a circulating supply of around 343.933 million LUNC at that time. Terra Classic supply inflation and its economic effects Let’s explore LUNC’s supply inflation and its economic implications. As of this writing, Terra Classic has a circulating supply of 5.80 trillion LUNC. This results in a supply inflation superior to 5.80 trillion tokens (more than 1,000,000%). The price projection also shows the massive economic effects of this huge inflation. In case the Terra Classic reaches its highest speculative demand of $40.99 billion market cap, LUNC would trade at a proportionally lower price than the corresponding all-time high. Considering the circulating supply on December 1, Terra Classic would be priced at $0.00706 per token at its highest capitalization. Interestingly, a loss of $119.18 (99.999%) from the previous price in 2022. However, this still indicates a potential 4,800% increase from the current price of $0.0001442. It is important to understand that the forecast requires Terra Classic’s same demand as 2022. In this context, there are no guarantees that this demand will ever be seen again. On the other hand, it is also possible that a higher demand surges in the following years. $LUNC #lunc

Ethereum does not have a scheduled halving like Bitcoin, but instead has a process called Triple Halving, which consists of three parts: staking, gas burning, and token issuance reduction. This process does not have a specific date, but rather occurs on an ongoing basis and depends on several factors, such as the transition to proof-of-stake, the implementation of the EIP-1559 proposal, and network demand. Triple Halving is expected to make the supply of ETH deflationary, meaning it will decrease over time, which could increase its value. Some analysts predict that the price of ETH could reach $150,000 by 2023. However, this is just an estimate and not a certainty, as the cryptocurrency market is very volatile and depends on many factors... #Ethereum: #Ethereum2.0 #Ethererum #Ethereum #ETH $ETH $BTC

Touching $$40,000 this week, Bitcoin price continues to post new highs since the 2022 bear market. The going price for a whole coin was below $27,000 at the end of September just two months ago. Growing excitement over a Bitcoin ETF approval by the SEC drove BTC higher in the fourth quarter. But the world’s leading cryptocurrency might have two even bigger macro tailwinds coming up in 2024: Bitcoin’s halving and possibly interest rate cuts by the Federal Reserve. Fed Rate Cuts Could Follow Bitcoin’s Halving Bank of America’s Global Research team published its 2024 outlook Monday. The multinational financial services and investment banking corporation, with headquarters in Charlotte, North Carolina, and New York City, joined other major banks in expectations of interest rate cuts next year. The U.S. banking giant’s global research economists and strategists say they expect disinflation, or falling prices, to continue into next year and the Fed to pivot to interest rate cuts: “BofA Global Research economists and strategists note they expect this disinflation to continue and rate cuts to begin midway through the year from both the Federal Reserve and European Central Bank.” That backs up a prediction by Switzerland-based UBS, made earlier in November, that calls for “meaningful reductions in the federal funds rate” at the U.S. central bank by next May. Bitcoin’s halving is coming up sometime in April 2024. If the Fed does cut interest rates, the growing supply of dollars against a shrinking supply of BTC could boost the economics in favor of Bitcoin’s price. But recent data from Swiss blockchain analytics firm Glassnode paints an even starker picture of the supply and demand economics at play ahead of Bitcoin’s halving. Glassnode Predicts Bitcoin Supply Shock Circulating Bitcoin supply inactive for a year or more marked a record 70% in November, according to Glassnode. That shows high conviction and long-term commitment from current BTC holders, with the BTC halving less than five months away. According to a recent report by crypto exchange Bitfinex, 83% of the BTC supply is currently held at a profit. These are supply-limiting factors in addition to the halving. In October, Matt Weller, global head of research at Forex.com, said: “With lower supply in the market, it only takes a small bump in demand — like what we’ve seen with speculation around the ETF — to really drive price higher at a rapid rate.” Meanwhile, Glassnode also projects a potential $70 billion bump in institutional demand after the SEC approves a Bitcoin ETF product for regulated investors. Combined with lower borrowing costs, should the Fed cut rates next year, plus Bitcoin’s halving, 2024 could be a perfect storm to meet the outrageous price predictions many analysts are making this quarter. The post Bitcoin (BTC) Price Rally Coming in 2024? Two Major Factors According to Institutions appeared first on CryptoPotato.

👋 Hey there, Crypto Curious! It’s Linkan here with a deep dive into cryptocurrency valuation!Navigating the cryptic waters of digital currency valuation can be daunting, but fear not! I’m here to guide you through this complex world with some key concepts and methods. Let’s unlock the secrets behind the numbers! 🗝️🌐1. Utility: The Power Behind the Coin 🛠️Utility drives value in the crypto world. A cryptocurrency needs to be more than just digital gold; it must have a real function within its ecosystem. Ethereum’s Ether ( $ETH ), for instance, is vital for transactions and app development, boosting its demand and value. The higher the utility, the greater the demand! 🚀2. Scarcity: The Rarity Quotient 🏺Scarcity equals value. Cryptos like Bitcoin ( $BTC ), with a fixed supply of 21 million coins, become more valuable as demand increases. This limited nature creates a sense of rarity, enhancing long-term worth. 💎3. Perceived Value: What the Market Thinks 💭Market perception is crucial. Achievements, partnerships, and successful launches can significantly boost a crypto’s perceived value. It’s all about how investors view the project’s potential and progress. 🌟4. On-Chain Metrics: The Blockchain Barometer 📊On-chain metrics offer insights into a blockchain’s health and activity. They include transaction counts, active addresses, and more, painting a comprehensive picture of a cryptocurrency’s current state and potential. 🔍5. NVT Ratio: Decoding the Numbers 📐The Network Value-to-Transaction (NVT) ratio compares a crypto’s market cap to its transaction volume, providing a unique perspective on its usage versus its market value. 📈In Conclusion: A World of VariablesValuing cryptocurrencies is a multifaceted task, blending technology, economics, and market psychology. As we continue to navigate this digital finance frontier, these methodologies will evolve, offering deeper insights into the value of these fascinating digital assets. 🌍💡Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. 🚫💼 #CryptocurrencyEducation #EthereumAnalysis #BitcoinStrategies #AltcoinPotential #CryptoMarketTrends

Are you curious about the #SAFU CRYPTO CZ currency rate Our technical analysis brings you the latest SAFU CRYPTO CZ currency price forecast in 2023 and beyond. We explore cryptocurrency price trends and analyze data to help you make the most informed and informed decision that will benefit your cryptocurrency investments.Safucz currency traders rely on many technical indicators and analyses to find out future price forecasts. While following all the indicators is necessary to evaluate an accurate price forecast commensurate with the market trend, this does not preclude the existence of more fundamental and valuable indicators. Knowing the support and resistance levels of SAFU CRYPTO CZ not only gives traders a clear view of the supply and demand situation, but also helps them identify reversals in trends.In addition, chart patterns are widely used by traders to form trend lines that help predict the next candlestick movement.Various indicators such as RSI, Moving Averages and MACD can be used to determine the direction of a long-term trend and try to predict future price movement.Strength Index RSI ratioThe Relative Strength Strength Index (RSI) provides additional insight on market momentum by measuring the magnitude of SAFU CRYPTO CZ price movements to determine whether they are overvalued or undervalued. Market traders use the RSI as a Momentum indicator to identify overbought or oversold conditions, and to make a decision to accumulate or sell assets. Readings above 50 and an uptrend indicate that the Bulls still have a strong point, while readings below 50 indicate the opposite.According to the RSI, in the timeframe of the one-week candle, the SAFU CRYPTO CZ currency is currently trending with the actual RSI reading at . It can provide a 50 line if the cursor returns to it.Moving averagesMoving averages are an important analytical tool that provides traders with a larger picture of what is happening in the charts by calculating the average closing price of the SAFU CRYPTO CZ currency over a specific period of time. The relationship between short-term and medium-term moving averages is crucial in determining the direction of the trend. When the short-term moving average moves above the long-term average, this indicates that the trend is gradually turning bullish.In the timeframe of, the SAFU CRYPTO CZ price is in a moderate trend since the 50-period Moving Average has surpassed the 200-period low and the price is trading both higher.On the other hand, a trend is neutral if the 50-day moving average exceeds the 200-day moving average but the price is trading below them (and vice versa).MACD indicator (moving convergence / divergence)Finally, the MACD moving Convergence / Divergence indicator uses the simple moving average (SMA) and the exponential moving average (EMA) to predict the direction of the trend more accurately. Similar to simple moving averages, the relationship between these two values is useful in determining the direction of a trend.For all these indicators, the weekly time frame is used to determine the long-term trend, The Daily time frame is used for the medium-term trend, while the six-hour time frame is used for the short-term trend.According to MACD, in the candle-week-one time frame, the SAFU CRYPTO CZ price is currently trending due to the fact that the MACD signal line moved 50 periods ago and was for 50 Periods.Fundamental analysis of SAFU CRYPTO CZFundamental analysis is aimed at assessing the underlying value of assets, while technical analysis involves the study of statistical patterns in the price and trading volume of those assets. Both techniques are used to analyze and predict possible developments in the price of an asset in the future.In the case of SAFUCZ the simplest way to perform a fundamental analysis is to look at the dynamics of supply and demand. In addition, the value of market capital (0) and circulating supply (0) can be considered to arrive at reasonable price assumptions for the future. From the demand side, data on the chain related to the number of active addresses, new addresses and the number of transactions can be considered.What affects the price of SAFU CRYPTO CZ currencyThere are a number of variables in the cryptocurrency market that can affect the price of SAFU CRYPTO CZ currency up or down. The main force behind the value of SAFU CRYPTO CZ assets in the market is supply and demand. And the fact whether the demand for more SAFUCZ increases or decreases greatly depends on the increased dependence.Moreover, important events such as protocol updates or difficult splits may play a big role in the price of SAFU CRYPTO CZ.Another important factor to consider is the activity of whales. Holders of large amounts of SAFU CRYPTO CZ can significantly influence the price of the currency as a large sell order can cause the price to drop significantly. In addition, Never underestimate the strength of the dependence of large enterprises and political organizations on the value of SAFU CRYPTO CZ.SummaryIt is important to note that some cryptocurrency price forecasts may show a discrepancy. There is no clear way to determine the future value of any digital currency. This is due to the presence of many factors in the forecast of currency rates. And it is not uncommon for the course of cryptocurrency prices to change dramatically based on a single announcement at any given time. The entire market can affect the movement of the single currency as well as any updates on the technology of the project. You should always do your own research before investing in any digital currency. #BTC #SAFU #Web3Wallet #BinaceFeed #BinanceSquare.

Cryptocurrency traders and investors often overlook the tokenomics and supply inflation of cryptocurrencies. Understanding how they affect the value of a crypto asset offers a valuable advantage when investing. With that in mind, Finbold looked at Terra Classic (LUNC) tokenomics from a different perspective. Public market data from leading indexes can demonstrate the effects of an increased supply inflation. We calculated the exact price LUNC would trade if it ever hits the all-time high market cap. Interestingly, any token needs more demand to keep its same value, facing an inflationary supply. These two factors influence whether a cryptocurrency’s price rises or falls. Each one of them, including Terra Classic, has its unique ‘tokenomics’ structure. Notably, LUNC had an all-time high market cap of $40.99 billion on April 4, 2022, according to CoinMarketCap’s index. Meanwhile, the token traded for as high as $119.18 the next day. An inverse calculation suggests a circulating supply of around 343.933 million LUNC at that time. Let’s explore LUNC’s supply inflation and its economic implications. As of this writing, Terra Classic has a circulating supply of 5.80 trillion LUNC. This results in a supply inflation superior to 5.80 trillion tokens (more than 1,000,000%). The price projection also shows the massive economic effects of this huge inflation. In case the Terra Classic reaches its highest speculative demand of $40.99 billion market cap, LUNC would trade at a proportionally lower price than the corresponding all-time high. Considering the circulating supply on December 1, Terra Classic would be priced at $0.00706 per token at its highest capitalization. Interestingly, a loss of $119.18 (99.999%) from the previous price in 2022. However, this still indicates a potential 4,800% increase from the current price of $0.0001442. It is important to understand that the forecast requires Terra Classic’s same demand as 2022. In this context, there are no guarantees that this demand will ever be seen again. On the other hand, it is also possible that a higher demand surges in the following years.

In the ever-evolving landscape of cryptocurrencies, one event stands out as a beacon of anticipation and significance – the Bitcoin Halving. This pivotal occurrence, happening approximately every four years, is set to unfold once again in early 2024. As the countdown ticks, with 89.6% completed and 151 days, 21,757 blocks left, the crypto community braces for the impact that has historically sent shockwaves through the market.The Essence of Bitcoin HalvingAt its core, the Bitcoin Halving is a meticulously coded mechanism ingrained in the blockchain's DNA. Every four years, the reward for miners is halved, reducing the influx of new BTC into circulation by 50%. This event is not merely a technical adjustment; it is the heartbeat of Bitcoin's scarcity model, shaping its identity as the digital gold with a finite supply of 21 million coins.Historical Significance and Market ImpactLooking back at the annals of Bitcoin history, each halving has been a precursor to significant market dynamics. The reduction in block rewards triggers a supply-demand imbalance, propelling Bitcoin into remarkable bull runs. From the first halving in November 2012 to the most recent in May 2020, the pattern remains consistent – a surge in prices and the creation of new all-time highs.Implications for the Cryptocurrency IndustryThe Bitcoin Halving reverberates beyond the realms of price charts. It reaffirms Bitcoin's position as a store of value, akin to precious metals like gold. Miners, the backbone of the network, face reduced rewards, intensifying the need for computational power and innovation. The event also serves as a spotlight, drawing attention to the revolutionary nature of cryptocurrencies in the eyes of investors and the public alike.Halving Price Impact PatternsWhile the cryptocurrency market is known for its volatility, halvings introduce a semblance of predictability. Historical data reveals a fascinating pattern – massive bull runs unfolding within 12-18 months post-halving. Bitcoin's value, once under $12 in 2012, soared over 100x by December 2013. The 2016 halving set the stage for the 2017 epic bull run, and the aftermath of the 2020 halving witnessed Bitcoin reaching new heights above $64,000.Pre-Halving Speculation and Post-Halving RealitiesIn the lead-up to a halving event, the crypto sphere experiences a surge in speculation, creating a FOMO-driven rally. However, the true test comes in the subsequent months. Post-halving, prices must justify the speculative fervor by appreciating. The optimal scenario is a combination of accelerated demand and reduced supply, creating a deflationary pressure that fuels valuation.Impacts on Miners and Future OutlookFor miners, halvings present a challenge and an opportunity. Overnight, revenues are slashed by 50%, pressuring less efficient operators to innovate or exit. The survival of the fittest scenario strengthens the network's security, leaving only the most advanced miners in the game. As we look toward the future, the 2024 halving could initiate a new bull market cycle, but the evolving crypto landscape introduces an element of unpredictability.Key Takeaways and the Road AheadIn conclusion, Bitcoin halvings are not mere events; they are the choreography of a unique issuance model. With every halving, Bitcoin inches closer to its 21 million supply cap, amplifying its digital scarcity. The economic ripples are still unfolding as Bitcoin adapts to a deflationary world, presenting itself as an increasingly attractive hedge against fiat currency printing.As we navigate the countdown to the next Bitcoin Halving, the crypto community holds its breath, ready to witness the next chapter in the saga of digital gold.Disclaimer:The information provided in this article is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments involve a high level of risk, and market conditions can change rapidly. The article does not constitute a recommendation or endorsement for any specific investment strategy.Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. $BTC #BTC #Halving

Surprisingly more than 93% of the tokens in circulation in Solana appear to have been staked by investors. A report released on December 2 by StakeRewards shows that 395.88 million SOL have been staked in the protocol. @Btcnews99 This stake amount amounts to 93.33% of the 424.21 million SOL that make up Solana's circulating supply. Furthermore, StakingRewards states that SOL has a staking market value of $24.64 billion and a market capitalization of $26.43 billion.In only one month, Solana's Total Locked Value (TVL) from the DeFi ecosystem climbed by 63%, and in just one week, it soared by 12.24%. On December 2, these numbers were acquired from DefiLlama.SOL is now at the top of the list thanks to this TVL rise. Specifically, SOL fared better than other chains, displacing Avalanche (AVAX) in seventh place with a locked value of $678.7 million and its use in protocols.The market's growing interest in and demand for SOL may be shown by the high staking rate and TVL growth. It also shows how confident investors are in the protocol and how ready they are to lock in their liquidity over the long run. Coinbase, a well-known cryptocurrency exchange, declared their support for Solana in keeping with this.Solana (SOL) is showing impressive performance in spite of regulatory demands.Over 93% of the circulating tokens in Solana have been staked by investors.TVL for Solana has climbed dramatically, showing rising demand and interest.#Disclaimer: The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility and should conduct their own research before making any transactions. #Solana📈🚀🌐 #SolanaInsights #SOLPriceAnalysis #SOLSurge #btcnews99

shiba inu (shib), a popular cryptocurrency, has been making waves in the market. its current price stands at $0.00000854, with a positive change of 1.79% in the last 24 hours. the 24-hour high and low are $0.00000859 and $0.00000836, respectively. the trading volume in shib is a massive 2,380,876,888,913.00, with a corresponding usdt volume of 20,183,247.79. the relative strength index (rsi) is at 57, indicating a somewhat stable market with potential for growth. recent developments whale movements and market speculation: a recent development in the shib market is the withdrawal of approximately $2.4 million in shib from binance by a new whale. this move suggests a potential accumulation phase, sparking speculation about further price rallies. analysts are expecting a bull run towards the end of the year, hinting at more positive movements. shibarium’s impact: the launch of shibarium, a layer-two network, has provided the ethereum-based shiba inu network with cheaper and faster transactions. this development has significantly increased the adoption of shiba inu-based applications, like shibaswap, potentially increasing demand for shib. record-breaking token burns: there has been a significant increase in shib’s burn rate, with a 287.33% surge in a week, resulting in the burning of 507.02 million shib tokens. this activity reduces the circulating supply, which can positively impact the price. shibarium’s transaction surge: shibarium has seen a notable rise in transactions, reaching a record-breaking 5.11 million in daily transactions. this increase is attributed to rising gas prices and heightened burning activity, showcasing shibarium’s growing importance in the shiba inu ecosystem. price performance and predictions over the last seven days, shib added around 1.2%, with a 5% increase in its 30-day price. analysts link the price rise to the increased burning activities and shibarium transactions. predictions suggest that shib’s price could rise to $0.000010 in the coming weeks and potentially reach $0.000020 in the first couple of months of 2024.