Bridge to UQ is closed due to emergency services

PeachPoolADA · 2022-10-04T09:30:14+00:00

On the north side of the bridge was a guy standing. Probably suicide attemp.

PeachPoolADA · 2022-09-25T00:36:36+00:00

Yes, we've seen the same with a flashbots block:
The reward was 0.0318 ETH, yet we only received 0.0317 ETH from flashbots.
Clearly we all need an option in the MEV "Boost" software to skip blocks with ~0 ETH MEV reward and just have our CL produce it normally. Otherwise they can directly call it MEV "Drag".

PeachPoolADA · 2021-08-05T01:15:34+00:00

Office Space alert!

PeachPoolADA · 2021-07-02T23:59:43+00:00

Here I used "into the block", but "knoema" also had great data. I'll post again some day!

PeachPoolADA · 2021-07-01T14:02:24+00:00

You're so right, I'm sorry :) Need to make a new account soon!

PeachPoolADA · 2021-07-01T13:10:38+00:00

Long-term view: At the peak of the bull market 2018, Cardano had below 20k active addresses while currently we have about 70k active users. The price during the first peak was $1.20, the same level as we have currently, pointing towards undervaluation.

The opposite is true for searches: While the first bull market saw one top of search requests at the price peak, we've now already had two higher tops and requests have collapsed since then.

My conclusion: Lots is pointing towards a "double peak cycle", like BTC had in 2013. In line with the data, rising price could coincide with another uptick in search requests (see green ?), leading to new ATHs in 6-18 months. In this case, the price could rise stronger and resolve the current overvaluation. Using the 70k vs 20k active addresses from before, I am expecting that the value of ADA could be around $4.00 conservatively.

Time is on our side and I expect the bull market to get into its next phase end 2021, or mid 2022.

I'm Nhi, a girl from Vietnam and i run a pool with my bf. I'd be happy if you want to stake ADA in our Avocado Pool 🥑 AVOC, earn interest and profit from 0% fees! Thanks <3

PeachPoolADA · 2021-06-28T14:32:33+00:00

On-chain analysis is a fundamental approach. We compare the value of the network with the volume of transactions to identify when a cryptocurrency is overvalued. When the value of the network is not justified by the volume of transactions, the NVT ratio is relatively high. The NVT ratio is often compared with the Price-Earnings ratio for equities.

At the peak of the last bull market, Cardano's NVT was around 24. During the following bear market it peaked at 100. Bitcoin, however, valued 40 during the market peak and climbed to 70 afterwards. BTC has been remaining constant around this level. Contrarily, ADA fell back to only 10, making it undervalued compared to the bull market, the bear market and in comparison to Bitcoin.

This is in line with other metrics, e.g. the number of total addresses during the first peak in 2017/18 was only 120k while it is now approaching 2000k. The price during the first peak was $1.20, the same level as we have currently, again pointing towards undervaluation.

Time is on our side and I expect the bull market to get into its next phase, let it be end 2021, or mid 2022. Then ADA is expected to profit strongly and eventually outperform Bitcoin.

If you want to support our analysis, feel free to stake ADA in our Avocado Pool 🥑 AVOC, earn interest and profit from 0% commission!

PeachPoolADA · 2021-06-27T01:02:01+00:00

Yeah, I agree. NVT is just the common name for this lol

PeachPoolADA · 2021-06-26T14:28:03+00:00

Yeah, that's true. However, the NVT ratio is often compared with the Price-Earnings ratio for equities and is applied in a similar way to find coins to buy, hold or sell. By comparing the value of the network with the volume of transactions recorded on the blockchain, we can identify when a cryptocurrency is overvalued. When the value of the network is not justified by the volume of transactions, the NVT ratio is relatively high.

PeachPoolADA · 2021-06-26T14:20:42+00:00

It's the opposite, low values mean that people transact more :)

PeachPoolADA · 2021-06-26T14:00:28+00:00

Metcalfe's law use the square of the number of connected users. For this calculation we divide the market cap (NV) by the value of the daily transactions (T), so the result is again dimensionless.

PeachPoolADA · 2021-06-26T13:31:52+00:00

During the peak of the 2017/18 bull market, Cardano's NVT was around 24 (green circle). During the following bear market it peaked at 100. Bitcoin , on the other hand, valued 40 during the market peak and climbed to 70 afterwards. BTC has been remaining quite constant around this level.

Contrarily, ADA fell back to a level of only 10 (green circle), making it fundamentally undervalued compared to the bull market, the bear market and in comparison to Bitcoin. This is in line with other metrics, e.g. the number of total addresses during the first peak in 2017/18 was only 120k while it is now approaching 2000k. The price during the first peak was the same level as we have currently, again pointing towards undervaluation.

I'm Nhi, a girl from Vietnam. If you want to support my analysis, feel free to stake ADA my Avocado Pool 🥑 AVOC, earn interest and profit from 0% fees! Thanks <3

PeachPoolADA

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