Live Cryptocurrency Charts & Market Data

Open interest (OI) is the total value of outstanding derivative crypto contracts that have not been settled yet. Holders of BGLD will get direct access to the casino to wager on games, join lotteries, raffles, and get access to exclusive NFT[non-fungible tokens] drops. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and open source projects like Based Gold and Adventure Gold.

  1. Traders also pay attention to changes in open interest, as significant increases or decreases can signal potential shifts in market sentiment and the potential for increased volatility.
  2. Overall, open interest is an essential data point for understanding the derivatives market and can provide valuable insights for traders and analysts in the crypto space.
  3. All transactions will be executed using smart contracts and 100% verifiable on-chain.
  4. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
  5. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and open source projects like Based Gold and Adventure Gold.

All transactions will be executed using smart contracts and 100% verifiable on-chain. Check out Adventure Gold (AGLD) — the token that kicked off the text-based https://cryptolisting.org/ NFT craze. You can read more about how to enter the market and how to buy BTC, BGLD or any other token in CoinMarketCap education portal — Alexandria.

About Based Gold

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Open interest is a key metric used by traders, analysts, and investors to assess market sentiment and to gauge the liquidity and overall interest in cryptocurrency coingecko bgld derivatives. The relationship between open interest and price movement can provide insights into market trends. For example, if open interest is increasing along with rising prices, it may indicate that new money is flowing into the market, and there is bullish sentiment.

What Is Based Gold (BGLD)?

We aim to bring transparency and decentralization to the online casino world, where users will share gaming revenue.

When Will Based Gold Trading Begin?

Conversely, if open interest is decreasing while prices are falling, it may suggest that traders are unwinding their positions, possibly indicating bearish sentiment. Overall, open interest is an essential data point for understanding the derivatives market and can provide valuable insights for traders and analysts in the crypto space. Traders also pay attention to changes in open interest, as significant increases or decreases can signal potential shifts in market sentiment and the potential for increased volatility. It’s worth noting, however, that while Bitcoin dominance can provide some insights, it’s not a definitive guide to investment strategy or market health. The cryptocurrency market is influenced by many complex factors, and Bitcoin dominance is just one part of the picture. Based Gold is an ERC-20 token of the native is a decentralized gaming token that will act as the main currency in a metaverse-based casino.

Based Gold community

ERC-20 is the token standard followed by almost all tokens on the Ethereum blockchain. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain. They are intended future liquidity provisioning, staking, gaming, casino’s, marketing, developments & project ecosystem. Revenue will also be reinvested into the casino, and users can vote on new features.