“Nothing is more terrible than activity without insight,”observed Thomas Carlyle, the 19th-century Scottish essayist and historian and whilst the statement certainly predates the emergence of the internet, it could not have more relevance and meaning than with todays Crypto Market and the need to gain insight before taking action.
One critical form on insight in the Crypto Market is ‘On-chain analysis’ which is one of the most important tools for understanding the crypto market. On-chain analysis is a field of study examining the fundamentals, utility, and transaction activity of cryptocurrency and blockchain data. By analyzing the data that is stored on the blockchain, you can gain insights into what is happening in the crypto world. In this blog post, we will explain what on-chain analysis is and how to use it to make informed decisions about your investments.