Here’s Why A Supply Shock Could Be Imminent For XRP

The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....

A crypto pundit has highlighted how the XRP circulating supply is becoming increasingly scarce. With large chunks of tokens locked in various channels and restricted from active circulation, the analyst argues that the market may be preparing for a serious supply shock.    Analyst Claims XRP‘s Supply Is Running Thin A crypto market expert, identified as […]

While the Bitcoin blockchain is public, knowing who owns the most Bitcoin in 2022 isn’t as simple as it should be. Here’s what we know. One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know who owns the most Bitcoin (BTC) in 2022.It’s important to look at who owns the most BTC, as the cryptocurrency’s supply is limited to 21 million coins. In February, Kim Grauer, director of research at....

The supply shock valuation model delivers an extra reason to be long-term bullish on upward price movement. Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.”In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD.Bitcoin price plays catch-up with metricsWhile Bitcoin has still not established $50,000 as firm support, on-chain metrics have been much more firmly bullish for some time. Now, the so-called “supply shock valuation model” has joined them, giving a....

Crypto analyst Versan Aljarrah has made a bullish case for XRP, stating that a major supply shock is inevitable. He claimed that BlackRock and other major institutions have been quietly accumulating for a while, which is why he believes investors should not sell their XRP.  Analyst Claims BlackRock and Other Institutions Are Stacking XRP In […]