A Tool for Estimating Mining Costs — Relevant Reading Introducing the Difficulty Ribbon, signaling the best times to buy Bitcoin Rationale The Difficulty Ribbon was an on-chain tool created by Willy Woo in order to track distress among Bitcoin miners The Difficulty Ribbon consists of the (1) the network difficulty and (2) an assortment of moving averages of difficulty, with…

An Adjusted Look at the Realized Cap — Relevant Reading Decred On-chain: Realised Cap, MVRV Ratio and Gradient Oscillators Decred On-Chain Mini Pub 1: Relative MVRV Ratio Rationale The two linked pieces above are components of the expanding documentation on Decred’s Realized Cap, one of the most powerful on-chain tools within the cryptocurrency space. …

A Comparative Look at Decred and Bitcoin’s Realized Caps — Relevant Reading Decred On-chain: Realised Cap, MVRV Ratio and Gradient Oscillators Rationale For those unfamiliar with the Realized Cap, please read the linked piece above as Checkmate did a rockstar job in formalizing the power behind the Realized Cap, how Bitcoin’s differs from Decred’s, and how this manifests itself in price action for…

An Exploration Into Block Times & Why They Matter — Introduction Decred has three groups of network stakeholders who leave consistent, on-chain footprints: Contractors Stakers Miners Each group’s on-chain footprint fluctuates / oscillates over time as a function of their share of block rewards earned (10%/30%/60% respectively) and financial needs (for example — selling DCR to pay bills). Crypto networks early…

A Tool for Tracking Implied Value Over Shorter Timeframes — Previous Work + Takeaways Decred’s on-chain data is wide-ranging and increasingly well documented. If the reader finds any issues understanding the discussion covering “The Strongest Hand Market Cap + Ratio”, it might be helpful to backtrack and digest other available pieces on relevant subject matter. However, the abbreviated version of research and conclusions within…

Charts & On-Chain Analysis — Introduction This piece aims to provide an array of charts displaying Decred on-chain data and give basic analysis on the state of the Decred network (and price’s relationship to the on-chain data). By keeping charts and explanations simple, we can hopefully keep things digestible and easy to quickly look through. Furthermore…

A Tool for Gauging User Sentiment Introduction & Roadmap On-chain analysis is a nascent and emerging field of study within the cryptocurrency space and within the ledger analysis space at large, which includes traditional work done by internal accountants, auditors, and consultants alike. Among these ledger data specialists reigns one overarching principle: establish…

Tracking Accumulation & Capitulation Momentum On-Chain Introduction / Roadmap In previous pieces “Decred On-Chain: A Look at Block Subsidies” & “Decred On-Chain: The Ticket Pool VWAP” we laid down and explored the foundational bits of the Decred network and its relationship to (1) its block rewards and (2) its proof of stake ticketing…

A High Signal On-Chain Footprint — Introduction / Roadmap In my previous piece “Decred On-Chain: A Look at Block Subsidies”, we explored the ultimate Network-Based indicator — block rewards, and their relationship to network valuation from the point of view of the network itself, miners, stakers, and the DCR treasury. Within this article we will begin to explore and…