Supply chain woes and the growth of Web 3 back OriginTrail’s fresh ATH
A decentralized focus on supply chain logistics and the growing popularity of Web 3 applications back TRAC’s move to a new all-time high. Supply chain management continues to be an important area of focus and concern for the global economy, especially with the current shipping backlog at major ports across the globe and the dwindling supply of items available on store shelves. Interestingly, OriginTrail (TRAC), a logistics and supply-chain management-focused blockchain protocol, has been gaining traction over the past couple of months and this week the project's TRAC token hit a new....
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Around 76% of the total circulating Bitcoin supply is now illiquid according to on-chain analytics from Glassnode. Bitcoin markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid.On-chain analytics provider Glassnode has been delving into Bitcoin supply metrics to get a better view of the longer-term macro trends in its weekly report on Jan. 3.The findings revealed that although the asset has been trading sideways so far this year, more BTC has become illiquid. There has been an....
On-chain data shows the Bitcoin balance held by the short-term holders has jumped recently. Here’s what this could mean for BTC’s price. Bitcoin Short-Term Holder Supply Has Registered An Uptick In a new post on X, the market intelligence platform IntoTheBlock has talked about how the different Bitcoin cohorts have seen their supply change recently. […]
As the dust settles around a steady stream of positive blockchain buzz from major banks, a consensus on use cases that major institutions believe the technology can be applied to is beginning to emerge. One of the more often-heralded use cases is international trade, with institutions having presented a willingness to back efforts related to supply chain, using the technology to secure a chain of custody for physical goods, as well as trade finance – the process by which the movement of these goods is financed as part of the delivery process. So far, IBM has openly touted the supply chain....
On-chain data shows the Ethereum Supply on Exchanges has plunged to a new all-time low as investors have continued to withdraw ETH. Ethereum Supply On Exchanges Has Continued Its Downtrend Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Supply on Exchanges for Ethereum. […]
On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]