Miners: As covered in my last research paper, PoW $DCR miners have endured challenging conditions.
With unforgeable costs, PoW miners are known to 'Put the Bottom in'.
The cumulative PoW reward paid (USD) has entered a generational low fractal alongside difficulty squeeze.
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With unforgeable costs, PoW miners are known to 'Put the Bottom in'.
The cumulative PoW reward paid (USD) has entered a generational low fractal alongside difficulty squeeze.
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The Puell Multiple measures the current USD PoW income against the yearly rolling average.
Miners are long term thinkers and when incomes are challenged, the weak switch off their mining rigs and the reward coins are distributed to the strong.
This constrains supply.
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Miners are long term thinkers and when incomes are challenged, the weak switch off their mining rigs and the reward coins are distributed to the strong.
This constrains supply.
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The #Decred S2F model developed in Phase 1 proposal provides an indicative 'fair value model' for $DCR.
Taking the ratio with Price gives us an indication of large deviations from the mean.
Currently, Price is 1.5 standard deviations from the model, a zone of mean reversion.
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Taking the ratio with Price gives us an indication of large deviations from the mean.
Currently, Price is 1.5 standard deviations from the model, a zone of mean reversion.
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For the swing traders, #Decred Mayer Multiple is simply a ratio between price and 200DMA.
It provides a probability of mean reversion.
Mayer Multiple values <= 0.5 have been historical low pivot points and we have just seen a strong bounce off this level after Mar 12.
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It provides a probability of mean reversion.
Mayer Multiple values <= 0.5 have been historical low pivot points and we have just seen a strong bounce off this level after Mar 12.
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We measure stakeholder conviction by their willingness to lock up $DCR tickets, sacrificing liquidity for network security and governance rights.
The 142-day sum of USD bound in tickets directly measures stakeholder conviction and has provided high conviction trading bands.
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The 142-day sum of USD bound in tickets directly measures stakeholder conviction and has provided high conviction trading bands.
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To quantify this conviction, @PermabullNino developed the Hodler Conversion Rate.
This metric shows the momentum behind HODLers switching from marginal buyers and sellers to long term ticket holders.
As you can see, we are converting the accumulators at increasing speed.
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This metric shows the momentum behind HODLers switching from marginal buyers and sellers to long term ticket holders.
As you can see, we are converting the accumulators at increasing speed.
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Finally, to solidify the thesis of strong bullish momentum behind #Decred right now, we can look at the volume of DCR being moved on-chain over the last 142 days.
Not only are we in a strong uptrend, we are now in ATH territory, eclipsing the 2017 Bull Run activity.
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Not only are we in a strong uptrend, we are now in ATH territory, eclipsing the 2017 Bull Run activity.
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There are many ways to value $DCR, ranging from fundamentals, technicals and on-chain analysis.
At it's core, #Decred is a fully transparent ledger, it is always telling us what is going on.
When this many metrics align signalling accumulation, it is the time to pay attention.
At it's core, #Decred is a fully transparent ledger, it is always telling us what is going on.
When this many metrics align signalling accumulation, it is the time to pay attention.
