Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

Understanding market sentiment is the right decision to buy or sell assets


Analyzing the situation on the stock market is the first thing traders think about before buying or selling digital assets. To date, the main tool for this is the index of fear and greed.

Market participants are almost always driven by emotions, on the basis of which a person opens or closes a deal. Fear appears when there are risks that the position will not be opened on time or that trading will have to be stopped before the previously set limit / stop. And it turns out that the index of fear and greed when trading cryptocurrency is often crucial.

With regard to this parameter, for quite a long time there has been a lot of discussion regarding the relevance and benefits for the trader. Against this background, many critics appear who do not recommend using the tool or advise limiting its use to a minimum. This statement has several explanations:


low accuracy;

the need to combine with other methods of analysis.

And as an alternative, we suggest using the Exorde protocol. The Exorde Index measures market sentiment BEFORE trading takes place. Exorde is built around a core platform that provides unbiased credibility scores for information (and virality-related analytics) based on the community, AI modules, and a token-based economy.

Exorde uses an open source decentralized protocol to collect data from around the world. The project is based on the idea of decentralization, which guarantees data neutrality and transparency. Exorde aims to extract and sell brand/cryptocurrency/share reputation scores based on what people say on social media.

Exorde receives input URLs for public information such as social media posts, press articles, photos, and videos. These URLs are then processed in a decentralized data pipeline that produces output graphs linking all similar data and facts. The analyzed content is stored in an archive that has open access, so any person can access the original information at any time and from anywhere in the world.

Exorde is run by its DAO (Decentralized Autonomous Organization) and uses community votes and polls. Management will be decentralized among all members of the community. Collectively, they will be able to change the internal rules and parameters of the systems (rewards, limits, delays, scheduling, etc.) and will have a built-in reputation system. These mechanisms are designed to continually align the interests of the community and its governance for the benefit of Exorde.

Like all people, traders are not devoid of emotions. And understanding the mood of other market participants is the right way to make the right decision to buy or sell an asset. And the Exorde protocol will provide a tool for discovering information, identifying differences in points of view between different platforms, demographic groups and geographic regions. And of course, to create a more accurate picture of the prevailing opinions.

If you have questions about the Exorde Index or the protocol behind it, please visit our Discord:

Written by Moonvoyager
@ExordeLabs @ExordeIndex #web3 #protocol #exorde #testnet $EXD
Exorde approved by Coinlist, Nodes Guru, DropsEarn, CoinGecko

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