When You are making Your price predictions probably You want to have as much informations and analytics data at it is possible.
So now You have a new great tool that Can help You make Yours predictions more relevant :)
On 5th December on official Coin Market Cap blog was announced that they provide a new feature that can be a very helpful. They partner IntoTheBlock excels at extracting intelligence from the blockchain data of specific crypto assets. Based on that data IntoTheBlock generate signals describing patterns such as on-chain activity, and address, among other things, the segmentation of profitability and ownership.
Based on that they provide a few very interesting and useful indicators:
- Indicator: “Holders Making Money at Current Price“
IntoTheBlock takes every on-chain address (here called a "holder") that currently has an asset balance, and calculates the average price at which its assets were purchased. Peoples who bought crypto at a price below the current price are "In the Money," while those holders who bought at a price above the current price are called "Out of the Money."
- Indicator: “Transactions Greater Than $100K“
This metric is measured by the amount of on-chain transactions that reach $100,000 a day. It shows the trend over the past seven days in the amount of these "big" transactions, and their total value in USD.
Based on that and more indicators they created a nice looking and very transparent Signals graphs
I just want to give You a initial information about that new feature You Can dig into by yourself.
There is a lot more information about that indicators and how it works on Coin Market Cap blog.
What is even more great IntoTheBlock provides a free youtube video tutorials about those indicators!
Where to find those analysis?
Simply go to CoinMarketCap main page: https://coinmarketcap.com/
Select coin that interest You and on coin details page select: On-Chain Analysis tab
This is how that tab opened looks like:
BTW: All screenshoots for that post was done on Basic Attention Token analysis- as You can see all Signals are green and looks really promising :)
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