SOL Inflows Now At Same Rate As XRP’s
The post SOL Inflows Now At Same Rate As XRP’s appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows Solana has seen a capital flow reversal recently as the asset is now receiving inflows at the same rate as XRP. Solana Realized Cap Now Growing At A Monthly Rate Around 4% In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Realized Cap has changed for Solana recently. The “Realized Cap” here refers to a capitalization model that calculates the total value of a given cryptocurrency by assuming the ‘real’ value of each individual token to be the same as its last transaction price. The last transfer of any coin is likely to represent the last point it changed hands, so the price at its time could be considered as its current cost basis. Thus, the Realized Cap is nothing, but the sum of the cost bases of the asset’s circulating supply. In other words, the model tells us about the total amount of capital that the investors or addresses on the network as a whole used to put together their holdings. As such, changes in the Realized Cap signify capital inflows or outflows, depending on the direction of the change. Now, here is the chart for the indicator shared by the analytics firm that shows how the 30-day percentage change in it has compared between Solana and XRP during the last few months: The value of the metric seems to have been positive for both of these assets in recent days | Source: Glassnode on X As displayed in the above graph, the 30-day change for both Solana and XRP declined earlier in the year as a market-wide downturn took hold, but for the latter, it still mostly remained inside the positive territory.…
The post SOL Inflows Now At Same Rate As XRP’s appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows Solana has seen a capital flow reversal recently as the asset is now receiving inflows at the same rate as XRP. Solana Realized Cap Now Growing At A Monthly Rate Around 4% In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Realized Cap has changed for Solana recently. The “Realized Cap” here refers to a capitalization model that calculates the total value of a given cryptocurrency by assuming the ‘real’ value of each individual token to be the same as its last transaction price. The last transfer of any coin is likely to represent the last point it changed hands, so the price at its time could be considered as its current cost basis. Thus, the Realized Cap is nothing, but the sum of the cost bases of the asset’s circulating supply. In other words, the model tells us about the total amount of capital that the investors or addresses on the network as a whole used to put together their holdings. As such, changes in the Realized Cap signify capital inflows or outflows, depending on the direction of the change. Now, here is the chart for the indicator shared by the analytics firm that shows how the 30-day percentage change in it has compared between Solana and XRP during the last few months: The value of the metric seems to have been positive for both of these assets in recent days | Source: Glassnode on X As displayed in the above graph, the 30-day change for both Solana and XRP declined earlier in the year as a market-wide downturn took hold, but for the latter, it still mostly remained inside the positive territory.…
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