Fusion Market Analysis- April 14, 2023
Fusion Market Analysis
Native tokens are cryptocurrencies that are created & issued by a specific blockchain that serves any array of purposes.
These tokens are integral to enable the functionality of their blockchain network & ensure it operates optimally.?
Below is a table of Ethereum, Solana, Stellar, Algorand & Cardano with their respective capabilities:
All orange is supported by the token while blue is not; as you can see each of these tokens have quite a powerful arsenal of functionality.
5 Year Correlation?
ADA & ETH the most correlated at 0.9058 while SOL & XLM lowest correlated at 0.4187
Past Year Aggregated: Averages of Close Prices
Keeping an equally weighted portfolio of all 5 native tokens would have a -32.46% return over past year.
Developers create and run dApps, using smart contracts, that operate without intermediaries, censorship, or downtime.
With an average of 16B volume the highest price for ETH was $4821.8484 521 days ago on 11/8/2021.
Handles many transactions quickly and cheaply, while also being very secure and decentralized. Good for developers and businesses who want to build things on it’s?blockchain because it's fast and affordable to use & easy to connect to other blockchains.
SOL from mid March til today has been trending UP.
领英推荐
Really good at helping people and businesses send money to each other quickly and cheaply, even if they use different currencies or payment systems. Bridge between different money systems. Stellar also lets people create and trade digital things, like tokens that represent real things.?
11 Days ago XLM was trading at a daily volume of 100,240,480.
Innovative and careful approach to developing blockchain technology for a secure and sustainable platform for building dApps and services. Its technology is energy-efficient and supports smart contracts with high transaction speed.?
More Intraday occurrences were negative ( 52.57% ) than positive ( 47.43% )
Fast, secure, and decentralized. Designed to help financial institutions, governments, and businesses build new financial products and services on a reliable and efficient platform as it can process transactions quickly, charge low fees, and support smart contracts and decentralized apps. The network is also very secure because it uses a hybrid consensus mechanism.?
8-9 AM EST was best time to trade ALGO this morning at 2.08% return.
All these native tokens are equipped with incredible capabilities making them powerful for their respective blockchains enabling abundant operations and functionalities.?
Native tokens are the backbone for each blockchain’s ecosystem.
For access to more digital asset analytics and statistics check out our extensive APIs, Content Modules and Fusion Research Platform.
Meet our team: https://calendly.com/teamcryptoquote?
If you have data or content ideas that you would like us to showcase please Email Us.?
Cryptoquote.io is open to new partnerships. We help teams with building applications and distribution of content including: press releases, news, research, data; Contact Us to learn more.??