This is a crypto asset metric and ranking site that lets you track any cryptocurrency asset. Though it’s still in a beta phase, it has a wide range of parameters compared to other platforms. It claims to allow investors make comparisons and make much better investment decisions. OnChainFX also focuses on monetary policies that are likely to affect cryptocurrency assets.
One clear difference between this platform and the rest is the ability to forecast price for the future. It’s able to use past rates to determine what happens in the future. This may not be the case, but if a platform continues in its pace and growth, it’s likely to hit levels forecasted.
A great project can be discovered from its implementations. If a lot has been spent to build a platform, then that tells you how far it’ll go. You also don’t want to commit your finances on a platform that has so many flaws.
CoinCodeCap ranks cryptocurrencies based on their tech development. They currently gather repositories of all cryptocurrencies or projects. Thier ranking algorithm major all repositories and cryptocurrency project and not just a particular one. Criteria like Commits, Forks, Stars, and Watchers are put in mind when ranking.
When so many are committed to its development, then it’s a sign that such project is going to last for a long time.
Almost everyone knows about CMC as it’s often been referred. It’s like the google of the web. CoinMarketCapranks cryptocurrency coins/tokens the total value of the project. This is derived by multiplying the price by circulating supply of that cryptocurrency.
The Coin Market Cap at a glance lets you know the value of each cryptocurrency. You also see an average price of the cryptocurrency on all exchanges. It has a column that displays how much volume of the cryptocurrency is being traded in the past 24hrs, and you also get to see the percentage increase or decrease as well.
After reading about how a partner in one of the biggest and most prestigious international law firms was busted by an undercover US Federal Bureau of Investigations (FBI) agent for trying to garner Bitcoins in a corrupt transaction from a Silicon Valley tech company, it’s likely you won’t feel sad about smart contracts beginning to take over certain functions of lawyers. You might even secretly thank Ethererum’s co-inventor Vitalik Buterin, for it.
Buterin explained, “All transactions under Blockchain come with auditable trails of cryptographic proofs. Rather than simply hoping that the parties we interact with behave honorably, we are building Blockchains that inherently build the properties in the system, in such a way that they will keep functioning with the guarantees that we expect, even if many of the actors involved are corrupt.”
Analysts at Deutsche Bank released a note to clients on Friday, Jan. 19 stating that there is a growing correlation between the price of Bitcoin (BTC) and the CBOE Volatility Index (VIX), also known as Wall Street’s “Fear Index.”
Masao Muraki, a global financial strategist at Deutsche Bank, along with two colleagues Hiroshi Torii and Tao Xu, wrote in the note that a lack of fluctuation and volatility in the stock market is leading investors to look elsewhere to make money.
BTC is currently trading at an average of $11,834, down 1.02 percent over the 24 hours to press time.