Bitcoin Whales Started Accumulating More. Is FOMO About to Kick In?


Bitcoin Whales Started Accumulating More. Is FOMO About to Kick In?
Contents

A recent Diar study reveals that the number of Bitcoin addresses that hold between 1,000-10,000 BTC has increased by 26 percent in 2019, which is a surefire indicator that more retail investors now accumulate Bitcoin. The “crypto king” surged by more than 100 percent on a year-to-date (YTD) basis.

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Number of Active Bitcoin Addresses Continues to Grow While BTC Price Remains in Limbo

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Whales buying the dip

The above-mentioned report also shows that the Bitcoin nouveau riche (those addresses that hold between 1,000 BTC and 10,000 BTC) accumulated more than 450,000 BTC.

These addresses (excluding those that are controlled by Coinbase) are now responsible for 26 percent of the total circulating supply.

The number of addresses that belong to retail investors has been steady throughout the year at 37-38 percent.

However, cryptocurrency exchanges now account for only 16 percent of the total supply (a sharp contrast compared to Bitcoin’s 20 percent).

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Meet “0.01 percenters”

According to data provided by BitInfoCharts, these addresses account for a minuscule 0.01 percent of the total number. The lion’s share of addresses holds less than 0.01 of BTC.       

Recently, U.Today revealed the top 10 richest Bitcoin addresses. The richest BTC wallet, which is owned by Bittrex, holds more than $1 bln worth of BTC. However, there is a lot of inactive whales that are called “Bitcoin zombies.”       

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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Biggest Cryptocurrency Ecosystems: Ethereum, Omni, Tron, and More

  • Alex Dovbnya
    📊‍ Infographics

    Ethereum is two times larger than all other ecosystems combined, but Omni boasts the biggest top project  


Biggest Cryptocurrency Ecosystems: Ethereum, Omni, Tron, and More
Contents

In its latest study, cryptocurrency research firm DataLight examines the biggest cryptocurrency ecosystems. Ethereum, which boasts an eye-popping $12.2 bln ecosystem is in a clear lead with 1,193 projects under its belt.

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The two biggest ecosystem

Top put this into perspective, Maker, the most successful Ethereum-based cryptocurrency,  alone has a market capitalization of $736.5 mln, which is higher than eight out of ten ecosystems on the list. The same is true for BAT and Crypto.com Chain – both of these projects are on the CoinMarketCap top 30 list.

Omni Layer is a meta-protocol that is built atop of Bitcoin. While the ecosystem has six projects, USDT Tether, the flagship stablecoin, is almost fully responsible for its $3.2 bln market cap. Omni (OMNI) is worth slightly more than $1.2 mln.

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Tron, NEO, and more

Similarly to Omni, the Tron ecosystem is also a one-coin band. BitTorrent, the native token of the legendary P2P file sharing protocol of the same name, has a market cap of $350 mln. This alone makes Tron the third largest ecosystem.

NEO, Stellar, and NEM are also among the top five biggest ecosystems. Notably, EOS, the sixth biggest cryptocurrency, has a rather tiny ecosystem with Everipedia, the Blockchain-based encyclopedia, being the only notable project that operates on its platform.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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