Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

Crypto

<ul><li>Last quarter I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.</li><li>Liquidity has arguably never been at more of a premium than right now in crypto, with USD payment rails being shut down and market makers pulling orders from exchanges.</li><li>With market depth at 10 month lows, price volatility has picked up and so it is essential investors can accurately evaluate the liquidity of each individual asset to gain an understanding of how much short term volatility to expect.</li></ul>

Last quarter I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.Liquidity has arguably never been at more of a premium than right now in crypto, with USD payment rails being shut down and market makers pulling orders from exchanges.With market depth at 10 month lows, price volatility has picked up and so it is essential investors can accurately evaluate the liquidity of each individual asset to gain an understanding of how much short term volatility to expect.

<ul><li>Trend of the Week: After Binance eliminated BTC trading fees, BTC volumes surged to all time highs.</li><li>Price Movements: Solana ecosystem tokens have disproportionately struggled amid several network setbacks. </li><li>Market Liquidity: Altcoin volumes aggregated across the biggest exchanges have fallen to just 43% of total volumes, from a peak of 71% last year. </li></ul>

Trend of the Week: After Binance eliminated BTC trading fees, BTC volumes surged to all time highs.Price Movements: Solana ecosystem tokens have disproportionately struggled amid several network setbacks. Market Liquidity: Altcoin volumes aggregated across the biggest exchanges have fallen to just 43% of total volumes, from a peak of 71% last year. 

Binance Sees Record Volumes After Fee Elimination.

Crypto Fundamental Investor/Analyst

Josh Du

<ul>
<li>Crypto complex rose mid-week but ended the week down after Powell confirmed market's expectation of 50bps hike in May </li>
<li>Uncorrelated to the rest of market, <a href="https://www.smartkarma.com/entities/apecoin" target="_blank" data-smartkarma-citation="entities:35876:1" rel="noopener">ApeCoin (APE CURNCY)</a>  continues to grind higher in anticipation of Yugalab's Land mint event on April 30th, possibly the largest NFT mint in history </li>
<li>
<a href="https://www.smartkarma.com/entities/coinbase-global-inc" target="_blank" data-smartkarma-citation="entities:32227:1" rel="noopener">Coinbase (COIN US)</a> launched a beta version of its NFT marketplace as direct competition to the $13bn dollar Opensea; and much more</li>
</ul>


Crypto complex rose mid-week but ended the week down after Powell confirmed market's expectation of 50bps hike in May 
Uncorrelated to the rest of market, ApeCoin (APE CURNCY)  continues to grind higher in anticipation of Yugalab's Land mint event on April 30th, possibly the largest NFT mint in history 

Coinbase (COIN US) launched a beta version of its NFT marketplace as direct competition to the $13bn dollar Opensea; and much more


Crypto Weekly: The Fed, ApeCoin, Coinbase and More

<ul>
<li>
<a href="https://www.smartkarma.com/entities/apecoin" target="_blank" data-smartkarma-citation="entities:35876:1" rel="noopener">ApeCoin (APE CURNCY)</a> the $4.5bn market cap token is up over 30% this week while the market continues to trade sideways </li>
<li>The main upcoming catalyst is the Yugalabs metaverse land mint event that is expected to be on April 23rd, the 1 year anniversary of Yugalabs. </li>
<li>Yugalabs is the team behind Bored Ape Yacht Club, and is at the forefront of NFT development. So the market is eagerly awaiting the land mint</li>
</ul>



ApeCoin (APE CURNCY) the $4.5bn market cap token is up over 30% this week while the market continues to trade sideways 
The main upcoming catalyst is the Yugalabs metaverse land mint event that is expected to be on April 23rd, the 1 year anniversary of Yugalabs. 
Yugalabs is the team behind Bored Ape Yacht Club, and is at the forefront of NFT development. So the market is eagerly awaiting the land mint


ApeCoin: Catalyst Coming for Most Important Token in the Metaverse

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ApeCoin (APE CURNCY)

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