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.
Read more: Essential Tools for Researching Cryptocurrency Projects
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.
Ethereum 2.0 Upgrade is Reshaping and Decentralizing the Global Financial System
Currently, Ethereum is leading the revolution of Decentralized Finance (Defi) with a market share of over 95%. However, the existing structural limitations of the network created the need for a key upgrade in 2021.
Read more: Ethereum 2.0 Upgrade -How ETH is Revolutionizing the Financial System
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