The Bitcoin Basics

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Cryptocurrency

Recognizing utility and the current level of adoption is an essential step for investing in the right cryptocurrency projects. These are some useful web tools for researching cryptocurrency networks.

RESEARCHING LAYER-1 CHAINS

Layer-1 crypto projects refer to autonomous blockchain networks that can process, validate, and finalize crypto transactions without the need for another network. Such autonomous networks include Bitcoin, Ethereum, Solana, Avalanche, Binance, Cardano, Polkadot, Cosmos, etc. These blockchains are particularly important for the crypto industry as they provide the infrastructure for building applications and creating sophisticated ecosystems.

Cryptocurrency

Open interest shows whether money outflows or inflows into the derivatives market, and it is a reliable preliminary indicator of the mid-term Bitcoin trend. 

Explaining Open Interest in the Futures & Options Markets

Open interest refers to the total number of derivative contracts (futures or options) that remain active at the end of the trading day. Note, that the number of outstanding futures/options contracts is not a fixed number and changes by the day. That number changes as some traders open new positions and others close their existing positions. In short, open interest indicates the total number of options or futures that have not been yet settled.

  1. BitMex Perpetual Contracts and Crypto Funding Rate
  2. Compare Cryptocurrency Exchanges

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