Brave Browser is an open-source web browser based on the Chromium web browser. Its utility token, BAT has been performing well compared to other tokens in a market undergoing massive volatility. In a recent update, Brave announced that they were testing a new feature related to tipping content creators, which might be similar to XRP’s TipBot.
“For users of our Nightly desktop version, we’re testing a new feature for tipping tweets with Brave Rewards. Tips are sent instantly for those verified via creators.brave.com (tips to unverified users are held in your browser). Feedback welcome via community.brave.com.”
The new feature, as seen on the website, would be called “Tip a Tweet”, where users can gift other users for “great tweets”. The website outlined that the Brave browser would have a special tip button on each tweet, which would directly send a tip to the author of the tweet. The tips for unverified users are sent in “minutes”, however, verified users receive the tips instantly, and are reflected in their Brave Rewards account.
In addition, users can also tip content creators on Youtube and websites. This new feature will be a direct competitor to the famous XRP TipBot, which has revolutionized micropayments. Moreover, with the help of cryptocurrencies, a lot of people are trying to help content creators; Coil being one such initiative which also helps content creators.
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Bitcoin’s on-chain/off-chain valuation indicators the key point of focus as coin heads to $13,000
With the rise in Bitcoin’s price, the rest of the cryptocurrency market has followed suit by displaying a green trend across the board. In a recent series of tweets by popular cryptocurrency analyst Adam Tache, users were informed about the top Bitcoin on-chain and off-chain valuation indicators, derived from on-chain valuation models.
The analysis touched on the Mayer Multiple created by dividing the price by the all-important – 200 day moving average. The current average Mayer Multiple stands at a figure of 1.39, which may climb higher. Looking at previous figures, the normal Mayer Multiple figures stated that if the value shoots up to 2.4, then Bitcoin eventually retraces back to a comfortable 1.5. The Mayer Multiple is usually considered as the original indicator used to clock the valuation of Bitcoin.
Another major indicator discussed in the thread was the NVT Ratio invented by Willy Woo, Partner at Adaptive Fund. The indicator is used to calculate Bitcoin’s prominence or value in the cryptocurrency space by evaluating the amount transacted on the blockchain as a “proxy for investment flow and bear and bull market cycles.”
At the moment, the NVT ratio for Bitcoin is in an abnormal region compared to the start of previous bullish patterns. The NVT ratio was above the “bear market” separator, which meant that the cryptocurrency was overbought. When Bitcoin is overbought, it usually means that the buying pressure is much higher than the selling pressure. Adam Tache opined,
“NVT signaling overbought is likely due to a number of factors — namely the proliferation of exchange-based, purely off-chain txs driving short-term price action.”
The analysis also pointed out the liveliness of the Bitcoin indicator created by Tamas Blummer. The indicator showed the inverse count of lost or ‘HODLed’ Bitcoin, while stating that when the ratio increases, long-terms holders of the cryptocurrency decrease their positions. The indicator conveyed accumulation of Bitcoin when the ratio decreased.
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