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Blockchain

The Global Blockchain Identity Management Market is expected to grow by USD 3.58 billion during 2021-2025, progressing at a CAGR of almost 71% during the forecast period

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Global Blockchain Identity Management Market 2021-2025 The analyst has been monitoring the blockchain identity management market and it is poised to grow by USD 3. 58 billion during 2021-2025, progressing at a CAGR of almost 71% during the forecast period.

New York, Aug. 02, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Blockchain Identity Management Market 2021-2025” – https://www.reportlinker.com/p05483803/?utm_source=GNW
Our report on the blockchain identity management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for digitalization and the rising spend on IT technologies, and the proliferation of online services and cloud applications. In addition, the rising demand for digitalization is anticipated to boost the growth of the market as well.
The blockchain identity management market analysis includes the end-user and application segments and geographic landscape.

The blockchain identity management market is segmented as below:
By End-user
• BFSI
• Government
• Healthcare
• Others

By Application
• End-point
• Network
• Infrastructure

By Geography
• North America
• Europe
• APAC
• South America
• MEA

This study identifies the proliferation of online services and cloud applications as one of the prime reasons driving the blockchain identity management market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on blockchain identity management market covers the following areas:
• Blockchain identity management market sizing
• Blockchain identity management market forecast
• Blockchain identity management market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blockchain identity management market vendors that include Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc. Also, the blockchain identity management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05483803/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

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Market & Analysis

Traders forecast $3K Ethereum price but derivatives data suggests otherwise

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Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4. 

Traders and investors view the EIP-1559 launch as a bullish factor for Ether price because it is expected to reduce gas fees. However, Ether miners are not thrilled with the proposal because the proof-of-work model will no longer be necessary after ETH2.0 goes live.

The network fees will automatically be set, although users can choose to pay extra for faster confirmation. Miners (or validators in the future) will receive this additional fee, but the base fee will be burned. In a nutshell, Ether is expected to become deflationary.

Ether price in USD at Bitstamp. Source: TradingView

While it’s difficult to identify the main drivers of the recent rally, it is possible to gauge professional traders’ sentiment by analyzing derivatives metrics.

If the recent price move was enough to instill confidence, the futures contracts premium and options skew should clearly reflect this change.

Bullish sentiment is missing even after futures contracts entered contango

By analyzing the price difference between futures contracts and regular spot markets, one can better understand the prevalent sentiment among professional traders.

The 3-month futures should trade with a 6% to 14% annualized premium on neutral to bullish markets, which is in line with stablecoins’ lending rate. By postponing settlement, sellers demand a higher price, and this causes the premium.

Whenever the futures premium fades or turns negative, it raises an alarming red flag. This situation is also known as backwardation and indicates that there is bearish sentiment.

September Ether futures premium at OKEx. Source: TradingView

The above chart shows that the Ether futures premium flipped negative on July 20 as Ether tested the $1,750 support. However, even the massive rally up to $2,450 wasn’t enough to bring the September contract premium above 1.3%, equivalent to 8% annualized.

Had there been some excitement, the annualized futures premium would have been at 12% or higher. Therefore, the stance of professional traders seems neutral right now and is flirting with bearishness.

To exclude externalities exclusive to the futures instrument, traders should also analyze options markets.

Options markets confirm that pro traders are not bullish

Whenever market makers and whales lean bullish, they will demand a higher premium on call (buy) options. This move will cause the 25% delta skew indicator to shift negatively.

On the other hand, whenever the downside protection (put option) is more costly, the 25% delta skew indicator will become positive.

Ether 1-month options 25% delta skew. Source: laevitas.ch

Readings between negative 10% and positive 10% are usually deemed neutral. The indicator had been signaling ‘fear’ between May 20 and July 19 but quickly improved after the $1,750 support held.

Despite this, the current 25% delta skew at negative 4 isn’t enough to configure a ‘greed’ indicator. Options markets pricing is currently well balanced between call (buy) and put (sell) options.

Both derivatives metrics suggest that professional traders gradually exited the ‘fear mode’ on July 20, but they are nowhere near bullish.

Currently, there is little confidence in the recent rally from these metrics’ perspective, which is understandable considering the risks presented by the upcoming hard fork and the uncertainty caused by unsatisfied miners.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.