Cryptocurrency analysis firm CryptoDiffer shared important analysis of Bitcoin and 14 altcoin projects for its followers on Twitter on November 9. In the analysis of cryptocurrencies in the TOP 15 according to Coinbase, CryptoDiffer states that users provided 3 interesting trade signals to Coinbas in October. These signals are: Typical holding time, popularity and trading activity on Coinbase. Analysis of CryptoDiffer Cryptocoin. com we have prepared for you
What stands out in altcoin analysis?
According to CryptoDiffer’s analysis, Litecoin (LTC) has the longest holding period at 96 days, while Tether (UDT) is the shortest with 1 day. Leading crypto Bitcoin (BTC) and leading altcoin Ethereum (ETH) have an approximate holding time of 76 and 75 days.
Coming to the popularity on Coinbase, the most popular is of course Bitcoin. What is interesting here is that Cardano (ADA) ranks 3rd in popularity for the top 10 cryptocurrencies, which is generally in line with the market capitalization on Coinbase. Meanwhile, in terms of popularity, two meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) also managed to break into the top 10.
Lastly, we look at the trade activity and see that Solana (SOL) has attracted attention with 72% buy, 28% sell and Avalanche (AVAX) 72% sell, 28% buy. It seems that crypto investors are giving up on Avalanche as their interest in Solana grows. In the meantime, we should mention that the leading altcoin Ethereum is also in demand with 67% buy versus 33% sell. Bitcoin, on the other hand, seems to be in balance with 57% buy and 43% sell.