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On-chain data in a volatile market: How traders stay ahead of the curve

Exploring the role of on-chain data in helping traders navigate the volatile cryptocurrency market.

Market volatility, a defining characteristic of the crypto realm, introduces opportunities and risks, demanding a nuanced understanding and adept strategies for effective decision-making. Within this dynamic environment, the significance of on-chain data emerges as a crucial tool for traders seeking to navigate the intricacies of volatile markets.

On-chain data, a term resonating within the realms of blockchain and cryptocurrencies, refers to the wealth of information derived directly from the blockchain. This includes transaction data, wallet balances, and various metrics that capture the activities taking place on the blockchain.

Understanding on-chain data is crucial for unraveling the complex dynamics of the cryptocurrency world. Simply put, on-chain data includes a detailed set of information directly from the blockchain. This information covers various transaction details, wallet balances and metrics that create a clear record of activities on the blockchain.

Unlike traditional financial markets, where data goes through centralized entities, on-chain data provides an unfiltered and decentralized view of interactions in a blockchain network.

Harry Dinh, the chief data scientist of on-chain analytics platform Spot On Chain, told Cointelegraph, “What sets on-chain data apart from traditional financial market data is the decentralization, transparency and immutability nature.”

Dinh said, “During market volatility, while traditional financial markets may have delays in reporting, on-chain data offers real-time transparency, allowing investors to detect unusual patterns promptly and independently without relying on centralized authority. As a result, on-chain data enhances reliability and reduces the risk of manipulation.”

On-chain data in action

To understand on-chain data effectively, it’s crucial to concentrate on fundamental metrics and indicators that shed light on a blockchain’s functionality.

These include the volume of transactions, the number of wallet addresses, the frequency of transactions and the movement of tokens. These metrics are tools for analysts and traders to detect patterns, trends and irregularities in the blockchain.

On-chain data becomes a practical guide by exploring specific metrics that stand out during turbulent times. These metrics act as essential tools for traders trying to understand the market’s underlying dynamics.

The connection between these on-chain metrics and subsequent market shifts forms a compelling story, emphasizing the predictive potential of analyzing blockchain data.

Blockchain analytics tools like Spot on Chain can be used to track wallets and token movements related to venture capitalists and whales. Crypto traders and investors could use this information to gain insights into the activities of major entities in the crypto space.

 

Edited

Nagricoin announces another bounty campaign

Because of the bounty tokens left and need of support from our community we announce another bounty campaign

To participate: 

Fill the form

Pass KYC, if you still did not

Follow our social media accounts on Facebook, Twitter, Linkedin and Medium

Like and share posts on Linkedin, Twitter, Facebook and give 50 claps to each story at Medium

The reward for 3+ reposts of Nagricoin Facebook page per week = 1 stake. You can earn a maximum of 90 NGRX per week.

The reward for 3+ reposts of Nagricoin Twitter page per week = 1 stake. You can earn a maximum of 90 NGRX per week.

The reward for 3+ reposts of Nagricoin Linkedin page per week = 1 stake. You can earn a maximum of 90 NGRX per

The reward for 2+ 50 claps of new Nagricoin stories at Medium = 1 stake. You can earn a maximum of 90 NGRX per week.

Information about previous (ended) bounty campaign:

Nagricoin announces bounty campaign! We have prepared 7317073 NGRX tokens (1 NGRX = 0,1 USD) for people who assist us with the marketing campaign. 2 percent of the issued tokens will be distributed in such shares:

1. Airdrop campaign — 42,5%

2. Bitcointalk signature campaign — 30%

3. Activity in social networks — 20%

4. Creative project support – 7,5%

http://https://nagricoin.io/#sect_token

AirDrop campaign:

There are 2 steps of the airdrop campaign.

Stage one (closed)

You will receive your tokens if you followed all the conditions:

1. Joined our telegram chat

2. Filled the form

3. Entered AirDrop campaign only once. Those who entered it with more than one account will be disqualified immediately for all their accounts.

4. Stayed in the telegram chat until the end of the ITO

Tokens to be distributed as soon as main token sale finishes and we check the fulfillment of all conditions (September 2018).

Stage two (closed)

In the 2nd stage 750.000 tokens will be raffled among investors.

The raffle was handled.

Bounty campaign phase 1(closed)

Week 1 – Week13

We thank all the participants for being with us in this way. We updated the spreadsheet and counted final stakes and amount of tokens earned this period. You can check your results in the spreadsheet

Because of the big news concerning the ITO, the bounty campaign was extended till September 1st. During phase 1 we spent less than 40% of the allocated tokens. That's why we announce bounty campaign phase 2:

Bounty campaign phase 2 (closed)

We extended the range of bounty campaign. At this stage bounty campaign comprises of:

– Bitcointalk signature campaign

– Facebook campaign

– Twitter campaign

– Telegram campaign

– LinkedIn campaign

– Campaign of creative project support

Bitcointalk signature campaign

Terms of participation:

Participants have to be at least junior members (newbies are not allowed) to participate in Nagricoin bitcointalk signature campaign.

Fill the form

Participants have to select and set the BBC-code for the signature and avatar of Nagricoin, which will be active throughout the ITO.

All members need to post at least 8 posts a week until the end of the ITO to be eligible for the reward, each post has to contain at least 35 Characters.

The participants can make publications in any Bitcointalk thread, but posts in Alternate cryptocurrencies section are required.

Spam is strictly prohibited. Spamming users will be immediately and permanently disqualified, reported to the moderators, and banned from any other bounty campaign.

The reward for participation in Bitcointalk signature campaign:

Facebook

Terms of participation:

You filled the form

You have an open profile for viewing.

You have at least 500 friends in this profile

Activity of your profile is at least 3 personal posts (not only ICO, bounty reporsts) per week (but not in one day).

You are a registered user for more than 12 months

You put “Like” to official Nagri page on Facebook

The number of rewards for activity on the official Nagri page on Facebook

3+ reposts of Nagricoin page news per week = 1 stake. You can earn a maximum of 90 NGRX per week.

Twitter

Terms of participation:

You filled the form

You have more than 500 followers and the profile is open for viewing

Your account is older than 6 months and you make at least 1 personal tweet per day

You are a follower of the official Nagricoin account on Twitter

Reward for activity on Twitter

3+ retweets of Nagricoin page posts per week = 1 stake. You can earn a maximum of 90 NGRX per week.

Telegram

We will value the help in the promotion of the project in the public chats and channels that are connected to the ICO, cryptocurrencies, etc.

Terms of participation:

You contacted our bounty manager and shared a plans about the post

Bounty manager accepts the post, you post it and send us the screenshot

Spam is strictly prohibited. If your post was deleted or marked as spam, you will not get your bounty.

Only one Telegram account/profile per person is allowed

Chat or channel must have at least 300 followers

Telegram account/profile must be public/open for viewing

Reward for activity at Telegram

The reward depends of the volume of the followers and varies from 150 to 1500 NGRX

LinkedIn

Terms of participation:

You filled the form

You have an open profile for viewing.

You have at least 500 connections in this profile

Activity of your profile is at least 3 personal posts (not only ICO, bounty reporsts) per week (but not in one day).

You are a registered user for more than 6 months

You are following the official Nagritech page on Linkedin

The number of rewards for activity on the official Nagritech page post on Linkedin

Like, comment and reposts of Nagritech page = 1 stake. You can earn a maximum of 90 NGRX per week.

Campaign of creative project support

If you have any offers for creating any content (stickers, animations, videos, presentations, booklets, articles, press releases etc.), please, contact bounty@nagricoin.io or @NAGRICOIN_OFFICIAL in telegram.

The bounties will be paid within 30 days after the end of the Token Sale.

Please note that all the participants of the bounty program have to be subscribed to our official Telegram chat.

Every week, we’ll check the fulfillment of all conditions at bitcointalk and social media campaigns. The results will be shown in the spreadsheet

WEEK 1: Apr 2 – Apr 8

WEEK 2: Apr 9 – Apr 15

WEEK 3: Apr 16 – Apr 22

WEEK 4: Apr 23 – Apr 29

WEEK 5: Apr 30 – May 6

WEEK 6: May 7 – May 13

WEEK 7: May 14 – May 20

WEEK 8: May 21 – May 27

WEEK 9: May 28 – June 3

WEEK 10: June 4 – June 10

WEEK 11: June 11 – June 17

WEEK 12: June 18 – June 24

WEEK 13: June 25 – July 1

WEEK 14: July 2 – July 8

WEEK 15: July 9- July 15

WEEK 16: July 16 – July 22

WEEK 17: July 23 – July 29

WEEK 18: July 30 – August 5

WEEK 19: August 6 – August 12

WEEK 20: August 13 – August 19

WEEK 21: August 20 – August 26

WEEK 22: August 27 – September 1

What is Nagricoin?

NagriCoin is a project of an international biotechnology company NagriTech. The basic asset of this token is the Nagri product itself, which has been in development for more than 7 years. Nagri-HL is the newest organic composite formulation of microelements and antioxidants that stimulate plant growth, which can find the broadest application in the agricultural and plant cultivation sectors around the world, increasing yields and improving the quality of almost all the crops it deals with. NagriTech team consists of reliable and professional members from all over the world.

We are pleased to say that NagriCoin has been highly rated by the authoritative TOP listings as a project which promotes a new generation of smart organic fertilizers. According to these listings, it is considered to be one of the most promising project in 2018. Go and check! Buy a token – become an investor in agricultural project! https://nagricoin.io/#sect_token

Alan Zibluk Markethive Founding Member

Nagricoin public sale is over

Dear members of NagriCoin community! We are happy to announce that our public sale has successfully come to an end. We have reached the soft cap and solidified many important agreements, which will certainly help the growth of Nagri.

We appreciate everyone who supported this project and inspired us to develop products to improve organic farming. Your contribution to Nagri is a step toward a better world.

Nothing would be possible without your support, and nothing motivates more than your trust. Thank you again, organic farming will no longer be pushed to the background, it will be the standard at the forefront of agricultural innovation.
We will continue to update our community on project developments, exchange listings, new distribution partnerships, hiring opportunities, and much more. We will announce our central exchange listings once each investor has passed KYC and AML standards for our exchange partner. We have an agreement in place and plan to be listed by the beginning of October, barring any delays in the investor verification. We are finishing the registration for several decentralized exchanges and should have those available much sooner.

We are excited to provide this opportunity to our supporters. We are also continuing the private sale of tokens and other offers for institutional investors. We have some new investors we are working with and should announce any new private deals soon.

Thank you one last time and we look forward to bringing the world better farming by design and being a champion for organic agriculture because of your support.

Alan Zibluk Markethive Founding Member

What Do UK Election Results And Brexit Mean For Cryptocurrency Value

What Do UK Election Results And Brexit Mean For Cryptocurrency Value

What Do UK Election Results And Brexit Mean For Cryptocurrency Value

The United Kingdom’s Conservative Party failed to secure a clear majority in the UK election on Thursday. The political upheaval surrounding Prime Minister Theresa May sent shockwaves throughout the economy. The New York Times reports London’s position as a “dominant global financial center” could be jeopardized. According to CNBC, by Friday morning the British pound dropped to the lowest value it has had in months: $1.2632.

"The financial markets had almost already priced-in a hard Brexit and will now have to quickly reassess their position,” Nigel Green, CEO of the financial consultancy deVere Group, said in a press release. "As this adjustment takes place we can expect the uncertainty in the financial markets not only to continue but to intensify.” Although the pound is expected to recover, recent developments in London raise questions about the future of global fintech markets. Will the U.K. elections increase growing demand for cryptocurrency like bitcoin?

The pound has long been considered a “safe haven” currency for international investors and people with long-term savings. The London-based founder of BitcoinAfrica.io, Alexander Lielacher, wrote in a blog post that he is optimistic the British government will invest in blockchain as it moves away from the European Union.

“Since the UK government will lose out of tax revenues from its traditional banking sector as banks are moving operations to the Eurozone,” he wrote on the cryptocurrency site BTCmanager. “It is not too far-fetched to think that the government may put more effort into supporting its tech and, more so, the fintech sector.”

The U.K. is one of the few places in the world with a regulatory fintech “sandbox,” a nimble legal structure that is particularly advantageous for blockchain businesses. “The party that can protect the fintech industry is one that can negotiate a Brexit that causes the least amount of damage to the UK financial services and technology industries,” British fintech expert Elizabeth Lumley told Forbes before the election.

Plus, even bad news for the pound could be good news for cryptocurrencies like bitcoin and ether. The Telegraph reported Hargreaves Lansdown, the U.K.’s largest online trading platform, will soon let customers invest in bitcoin. Meanwhile, Coinfirm, a blockchain compliance and analytics platform based in London, told International Business Times the British company is currently working on a partnership with the American company CSI Capital Management to support blockchain assets and cryptocurrency investments. An uptick in British customers with bitcoin pensions could set a precedent for international blockchain pensions.

The number one reason why cryptocurrencies and blockchain technology aren’t widely adopted yet is because of confusion over regulatory standards. Coinfirm aims to provide a standardized and blockchain agnostic platform, which means it is integrable and technically compatible with everything from bitcoin to Ethereum, Dash and Ripple. “Brexit smexit,” the startup’s CMO Grant Blaisdell told IBT over Skype. “It’s only going to add fuel to it. Any time there is instability it’s going to add more fuel and more reasons to back this [blockchain] ecosystem.”

It’s too soon to say how British politics will impact the global demand for cryptocurrencies. But people like Coinfirm’s CEO, Pawel Kuskowski, don’t appear concerned the shift in British politics will undermine their regulatory safe haven, at least not the fintech ecosystem. Kuskowski told IBT in an email that London will continue to reign as the global capital of the blockchain ecosystem. Brexit or moves towards isolation may drive traditional banking institutions away, but it could also increase the flexibility and strength of the U.K.'s regulatory independence.

"The British pound will be always connected to the performance of the economy," Kuskowski's statement said. "Institutions may find solutions for international transfer of funds and commerce using blockchain and cryptocurrencies. This something that has to be seriously explored as blockchain could provide a serious benefit in a time like this for the U.K."

Article by Leigh Cuen

 

David Ogden
Entrepreneur

 

Alan Zibluk – Markethive Founding Member