Questions tagged [value days destroyed]

KatieAnderson Sat Jul 06 2024 | 7 answers 1601

Could you please elaborate on the concepts of "coin days destroyed" and "value days destroyed" in the context of cryptocurrency? As a finance professional, I'm interested in understanding how these metrics are calculated and what insights they provide into the market dynamics. Specifically, how do they relate to the movement of coins across wallets and their potential impact on market sentiment or price? Additionally, how do investors and analysts utilize these metrics in their decision-making processes? I'd appreciate a concise yet thorough explanation to grasp the significance of these terms.