An Awesome Data Analysis Tool & Info for Crypto Traders & Investors

in #steemleo5 years ago (edited)

I'm often overwhelmed by volumes of raw data made available by different websites on various blockchain and cryptocurrency projects, market data and related historical info with several analytical tools.

Recently, I came across a very professional website that gathers and presents all these data and information in a very convenient & user friendly way on a single page. Yes, I'm talking about DataLight. Have you checked it yet?

DataLight.png

DataLight is a crypto data analytics firm that has successfully applied the traditional stock market data metrics to the analysis of cryptocurrencies' market. This will certainly help to pave way for many new institutional investors in this sector.

In addition to do all that number crunching about real-time changes in market price, daily volume etc. data for hundreds of cryptocurrencies, it also provide several of its own Indices and rankings for cryptocurrencies.

DataLight scramble over 3 million messages on various social media platforms like Twitter, Telegram etc. along with over 10 million trades on crypto exchanges on a daily basis. It analyses all these data and present it to its visitors in an easily understandable forms. E.g. its Hype Index showcase how much a particular coin is being discussed over social media platforms and what is the level of people's engagement with messages mentioning them.

Buy Market is another such indicator that shows us the share of people who bought a coin at its market price. Other indicators include Sharpe Ratio (Profit/Profit Volatility), CVIX (CryptoVIX indicating market volatility), BTCX (True Bitcoin Dominance Index).

It also denotes every cryptocurrency's market status with emojis to reflect the sentiment as Happy, Awesome, Mediocre, Awful etc. A thermometer indicates the present 'temperature' of the market.

The website also offers integration with several trading platforms along with analytics services.

It has also taken all the available information from Bitcoin and Ethereum blockchains.
What I love is the format of all these information and manner in which it presents all these information in an absolutely simple to grasp way.

Not everything is fre on their website. They provide various tools and APIs for Businesses and Enterprises with some monthly or annual subscriptions.

Aside that, their blog post also provide interesting insights like data on Bitcoin's market dominance, comparative RoI on leading cryptocurrecnies compared to investment in gold, etc.

If you haven't ever visited their website, I think you won't regret taking a look at it once. Personally, I found it amazing!
(And in case, you're wondering, lemme clarify that this isn't a paid review).

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