The number of unique entities that were active either as a sender or receiver. (e.g. clustering bitcoin addresses into entities such as balances < 1000 bitcoin or balances > 1000 bitcoin).
All cryptocurrencies other than Bitcoin.
Bitcoin’s market cap as a percentage of the market cap of all cryptocurrencies.
Provide a macro view of both the age distribution of the existing supply, and of changes to this distribution as coins mature and are spent.
Is a cryptocurrency that is based on a meme or that was created as a joke in much the same way as a meme.
The process by which digital art becomes part of the Ethereum (or an alternative) blockchain. Your digital artwork is represented as an NFT so it can be traded in the market and digitally tracked as it is resold or collected again in the future.
To describe a cryptocurrency that is under a strong upward market trend.
Assets that are verified and stored using blockchain technology but are nonfungible, meaning they are unique and can’t be replaced with something else. The digital token represents the ownership for virtual and physical assets.
An emerging field aimed at extracting and scrutinising the plethora of data available about public Blockchain transactions to facilitate better decision-making. Its tools and techniques are often applied for trading and investment purposes.
This metric is measured by looking at the value of coins at the time they were last moved. As an example, 10 bitcoin trading at a price of $49K has a market cap of $490,000 but those same coins if last moved at a price of $20K, has a “realised cap” of $200,000.
When the owners of a cryptocurrency project steal all the investor money and abandon the project, effectively making it worthless.
A digital signature produced by the Schnorr signature algorithm that was described by Claus Schnorr. It is a digital signature scheme known for its simplicity, among the first whose security is based on the intractability of certain discrete logarithm problems.
Is assumed to be cash invested or wagered by those perceived to be experienced, well informed or “in-the-know”.
An indicator which reflects the degree of realised profit and loss for all coins moved on-chain for a specified timescale (daily, weekly, monthly, etc.). If SOPR is trending higher, it implies profits are being realised with previously illiquid supply being returned to liquid circulation. If SOPR is trending lower, it implies losses are being realised and/or profitable coins are not being spent.
Shows the percentage of spent volume from each age bracket of coins measured from the last time it was spent or changed hands.
Source: Glassnode. Illustration only.
A stablecoin is a class of cryptocurrency that attempts to offer price stability and is backed by a reserve asset such as US Dollars or gold.
Defined as wallets with less than 10 bitcoin.
Defined as wallet addresses with 1000 or more bitcoin excluding exchange balances, ETFs, and funds such as the Greyscale Bitcoin Trust.
This metric shows the amount of bitcoin held by long-term holders, which are coins held longer than 155-days.
Refers to the amount of digital currency someone has left remaining after executing a cryptocurrency transaction such as bitcoin.
Is a metric which is based on volume distribution and illustrates how much bitcoin has moved at different price levels.
Investing in crypto assets should be considered very high risk. Exposure to crypto assets involves substantially higher risk when compared to traditional investments due to their speculative nature and the very high volatility of crypto asset markets.
Investing in crypto assets is not suitable for all investors and should only be considered by investors who (i) fully understand their features and risks or after consulting a professional financial adviser, and (ii) who have a very high tolerance for risk and the capacity to absorb a rapid loss of some or all of their investment.
Any investment in crypto assets should only be considered as a very small component of an investor’s overall portfolio.
BetaShares Capital Limited (ABN 78 139 566 868, AFSL 341181) (“BetaShares”) is the issuer. This information is general only, is not personal financial advice, and is not a recommendation to make any investment or adopt any particular investment strategy. It does not take into account any person’s financial objectives, situation or needs. Investing involves risk.