Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy P...
As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is “liquidity-driven,” according to one cryptocurrency quantitative analyst. That liquidity as it continues to stack up on exchanges everywhere could soon bring the most “unprecedented buying pressure in history” to […]
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A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....
As Quant (QNT) continues its impressive price rally, surging by 28% in the last seven days, many investors are looking for the next big opportunity in the cryptocurrency space. One token that has caught the attention of Quant (QNT) holders is Mpeppe (MPEPE), a meme coin with enormous potential for 150x returns. With Mpeppe (MPEPE) nearing the end of its fourth presale stage, a growing number of Quant (QNT) investors are participating in the presale, driving the token closer to its goal. Quant (QNT)’s Rally: What’s Behind the Surge? Quant (QNT), the native token of the Quant (QNT) network,....
The StakeStone (STO) price has surged by over 500% in the past week, drawing attention to the token’s ecosystem. The altcoin’s rally comes ahead of a significant token unlock, which could put selling pressure on the token and drive its price down. Why The StakeStone (STO) Price Is Surging The StakeStone (STO) price has surged by over 500% in the last week amid bullish fundamentals in its ecosystem, as noted by market analyst Neel. One of these developments includes StakeStone’s launch of version 2.0 of its protocol earlier this year. The staking protocol version enables gasless....
While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days.
GUSD Sees Supply Balloon by Nearly 130%
There’s been a number of changes within the stablecoin economy as Bitcoin.com News reported events like the demise of Terra’s stablecoin terrausd (UST), which is now referred to as terrausdclassic (USTC). Following the Terra stablecoin depegging event in mid-May, a....
Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets.The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) has surged almost 190% from $27 billion to almost $78 billion since the beginning of this year.In its May 3 Week on Chain report, on-chain analytics provider, Glassnode, noted that Tether is firmly positioned as the stable token sector’s....