Crypto Mapping: a new way to analyze Crypto market
When a crypto investor opens coinmarketcap or any exchange, he is swept up by a lot of different informations. How is it really possible to analyze 1500+ coin listed on coinmarketcap? There is a sort of informative overload. While we are working on many analysis tools to give users the informations they need of, an essential question remains without answer:
What is market situation now? What crypto should I invest in?
For answering to this question, Cryptoforecast is working on a new, very versatile tool: Crypto Mapping. It is an analysis tool for mapping all cryptos, that will aggregate coins with similar characteristics. The countless fields of application of the blockchain have motivated us to map cryptomarket in categories. This will allow users to build more diversified portfolio and have a better idea of what economic sectors are most promising for blockchain-based innovations.
For example, we will classify different coins by using these criteria:
• For first, function /destination of use (market-oriented).for having a brief idea of what categories we are working on, we mapped crypto market these 11 categories (plus “others”) showed at the beginning of the article. Here you can find them:
There will also be many other criteria:
• Distinctive technological elements
• Capitalization by values, ROI, cost per node, etc
• Consensus, Governance, Algorithm;
As you can see, there will be a lot of different criteria. Users who want to invest in Proof-Of-Stake coins will be able to compare the Return on Investment of different crypto. More technological analyst will have the possibility to study consensus structures of coins. By this way, people will be able to filter all crypto market information and find what they need of. Informational overload will be eliminated. Also, it will be very useful because it will give to fundamental analysts the possibility to select sectors in which they are more skilled. So, for example, if you are a IT engineer you will find very useful to search projects focused on data storage, development and Dapp.
Crypto Mapping will give users a new tool for portfolio diversification (by opening positions in crypto with different position in index and/or between sub-portfolio of cryptos created by considering different indicators). Diversification can be very important to decrease the risk degree of a portfolio, and so Crypto Mapping will allow you to improve your risk management.
Also, remember that Cryptoforecast all is a single project, and we want to create the biggest integration among its tools. So, as we will develop new analysis tools, Crypto Mapping use cases will increase and will open the gates to new possibilities for users.
Also, there will be the possibility to view modular index and coinmarketcap based on coinmap categories (an article about this will arrive in next weeks). By this way, you will be able to monitor specific trend in crypto market and understand what are the most promising sectors for blockchain-based aggregations.
More specifically, users will be able to monitor over 1200 different crypto and his blockfolio basing on 11 categories and 66 subcategories (this only for “function /destination of use” categories) and apply indexes and coinmarketcap on these aggregations. All this on (for now) 1256 different crypto.
We are working for making cryptoforecast as useful as possible, and Crypto Mapping will be an important milestone in this process. Many other news are coming in the next weeks on this blog. Stay turned guys!
