Altcoin News: Coinmarketcap Launches New Cryptocurrency Rating System
March 19, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
The popular resource CoinMarketCap together with Flipside Crypto has created a system of ratings of the main crypto-assets (FCAS) presented on the platform.
Thanks to this service, which is available on the appropriate tab on the site page, users can evaluate the development of the project of interest.
The Fundamental Crypto Asset Score (FCAS) rating takes into account a number of parameters:
- developer activity (how often they update the program code);
- user involvement (network activity and application of project products);
- the integrity of the market (the ability to maintain a balance in various force majeure circumstances);
- “General state” of cryptocurrency.
“We intake raw blockchain data across relevant projects and parse them internally. Once we clean, analyze, and recreate the raw data elements, we combine them with market data gathered from various sources to inform our models.” said a service representative.
Depending on the data obtained, each asset is assigned a certain category of rating. The highest is “excellent” (born — superb), which is designated by the letter “S”. At the start of the rating, he received EOS and ETH. Then comes the “attractive” (eng. — attractive) — “A”. This category includes BTC, TRON, 0x, LTC, XRP. Category B starts with Stellar.
Recall that last summer the tracker of the cryptocurrency value and activity of the trading platforms CoinMarketCap changed the system for selecting data provided by cryptocurrency exchanges. This decision was due to the fact that users began to doubt the accuracy of the trading volumes reported by the exchanges.
Author: Marko Vidrih