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Supply and Demand Dynamics in Crypto Tokens If the supply decreases, and the demand increases, then the price should follow suit. If there is a gap between price growth and its demand rising against it, then there is a chance that the asset could be potentially undervalued. This is a common method of evaluating any asset in the world, and it's applicable to crypto tokens, including meme coins. You can obtain data on circulating supply changes, which usually remain flat in meme coins. It has a wild increase in VC-backed coins, and sometimes decreases in deflationary coins like Unibot, BNB, etc. On the demand side, you could look into different types of demand coming from various participants: ◾️Traders: Token Trading Volume ◾️ Investors: Token Holders Growth / Staked Token Growth ◾️ Protocol Users: Daily Active Users, Fees ◾️ User Deposits: TVL ◾️ Social media sentiments: Mentions / Engagement Most DeFi/L2/L1 projects will have all this data to track, but in the case of new projects and meme coins, you can always track demand from token trading volume, token holder growth, social media mentions, and engagement growth. You could also include Google search volume as one of the demand metrics coming from normies. Once you note down data from all these demand sources, you have more clarity on the fundamental part, then you can always find a gap between supply and demand and figure out the right valuation of the crypto token.

⚒️ Amberdata Digital Asset Snapshot: ETH & BTC Prices, Halving Effects, & Regulatory Actions Read about the latest trends and developments in digital assets including insights into Ethereum and Bitcoin's recent price movements, anticipation of the upcoming halving event, and regulatory actions affecting platforms like Uniswap Labs. View trends in trading volumes, ETF flows, developments in decentralized exchanges (DEXs), and DeFi lending protocols, as well as insights into network dynamics including HODL positions and BTC Hodl Waves. Keep track of the digital asset market and potential market implications with our comprehensive analysis. https://hubs.la/Q02sCQ6D0

The crypto market is bracing for potential turbulence as over $2.2 billion in Bitcoin and Ethereum options are set to expire today. The expiration could lead to increased market volatility and impact the prices of these leading cryptocurrencies. Approximately $1.24 billion in Bitcoin options and $984 million in Ethereum options are due to expire, potentially triggering sell-offs or buying pressure. Despite this, analysts foresee a positive outlook for Bitcoin and Ethereum prices, citing signs of strength in the market. While options expirations can disrupt the market temporarily, they are typically followed by stabilization. Traders are advised to remain vigilant and analyze technical indicators and market sentiment to navigate the anticipated volatility effectively.

From market movements to regulatory challenges, Amberdata has got you covered. Join the conversation and stay up-to-date on all things crypto! 🔊 #amberdata #BTC #halving

#Cryptocurrencies #News #XRPPrice #ripple #xrp Top Analyst Forecasts XRP Price Increase to $1.88: XRP, a Ripple-backed token, sparked significant attention after a top crypto market analyst forecast it would reach $1.88 amid price surge. On Friday, XRP, one of the most prominent cryptocurrencies by market cap worldwide, sparked a tidal wave of speculation throughout the entire crypto industry when a leading crypto market analyst predicted the token would reach $1.88 in advance. […] The post Top Analyst Forecasts XRP Price Increase to $1.88 appeared first on Coinscreed.

WEBFI 🌐NET Analyst Points Out Incoming Mega Bounce, Here’s The Target webfi - https://lnkd.in/gC4EVr9s - Another bullish prediction has come in for the XRP price which is arguably more optimistic than many would expect. This time around, a crypto analyst is expecting XRP to use up its stored energy for an explosive rally that could see the altcoin rally to $27, well above its all-time high.  XRP Price Suppressed During […]

The Weekly DeFi Update: 📈 Ethereum L2 transactions hit record highs, resulting in transaction fees to drop ⛓️ Optimism to introduce Layer-3 applications to the Superchain ✨ Cosmos-based Osmosis is launching a Bitcoin L2 Full details 👇 https://lnkd.in/dZpGRtbv

Crypto Market Plummets: Over $283M Liquidated in Sharp Downturn 📉 #CryptoMarketAlert: Major downturn hits the crypto market! ETH drops over 4%, with total liquidations crossing $283M in just an hour. Major coins face double-digit losses. A reminder of the market’s volatility! Stay informed and trade cautiously. #CryptoCrash #MarketUpdate 🚨💸 https://lnkd.in/drFWY2wM

Matrixport Analyst's Insights - #Bitcoin Sacrificed to Shield #Binance’s #BNB Token Matrixport Markus Thielen 🌟 At least a thousand employees have been laid off and likely, they would sell their BNB tokens upon departure. 🌟 While there are various stories about a potential $130m BNB loan liquidation near the $210-ish price. Technically, the BNB token (BNB) looks very fragile. To us, $130m is peanuts but the BNB market cap is still at nearly $33bn and the $200 token level is just psychologically important. 🌟 Overnight we saw that Bitcoin (#BTC) dropped a few percent again while the BNB token managed to rally. This is more than a coincidence. Bitcoins are likely dumped to support the BNB token - but for how long? 🌟 This is a considerable risk for the crypto markets and we also want to reiterate that we are bullish on Bitcoin – pick your poison and make an informed trading decision. Read more: https://lnkd.in/garkAVpV

Ethereum’s Price Rally Stalls After Dormant Whale Move $15M After six years of inactivity, an Ethereum whale came back to life, moving nearly 8k ETH tokens worth over $15 million, as per the crypto intelligence portal EmberCN. The anonymous account holder in issue received 50,000 ETH from an ICO participant back in 2017, and between May 30 and June 14, 2017, transferred 36,000 ETH to the Kraken exchange, with a potential average selling price of $255. The last whale activity, that garnered such attention, was in early June when a large-scale ETH investor quickly sold 10,265 ETH worth $19.1 million at an average selling price of $1,861. Data provided by leading data platform Lookonchain showed that the trend coincided with the crypto market drop, brought on by the SEC’s crackdown on Coinbase and Binance. The regulator’s clampdown on two of the biggest crypto exchanges triggered a sharp rise in the NetFlow volume of deposits and withdrawals from exchanges at the beginning of June. Ethereum’s balances on exchange plummeted reaching an all-time low while staking deposits keep surging. According to data provided by Glassnode, Ether reserves fell over 12% in the past 30 days as investors were spooked by centralized platforms. Ethereum On Exchanges At All-Time Low Decreased...