How Contora is Redefining Alternative Crypto Data for Investors
Hey there! As you know, at Contora, we’ve been feeding the crypto market with useful insights based on alternative data metrics (such as social buzz, sentiment, and development activity) for almost 2 years now. We know better than others how important it is to provide our customers with the freshest and most accurate info to help them make smart investment decisions. With this in mind, get ready to meet the NEW Contora — rethought and revamped!
Over the last year, we’ve been in discussions with hundreds of clients and institutions to identify more use cases for analytical crypto data. As a result of these conversations, we have decided to address each of these needs to fit the market’s requirements and let our customers stay ahead of the game:
- Real-time data streaming for algorithmic trading
- More comprehensive data solutions for crypto analysts and risk managers
- The universe of web3/crypto startups (both tokenized and non-tokenized) for VCs and PEs.
All of these sound different and cover specific customers’ needs, so let’s have a deep dive into each of them.
Social Pulse
Social Pulse product is designed for quants and algorithmic traders who want to stay ahead of the curve with almost real-time data on the social movements surrounding crypto/web3 projects. After researching the market, we decided to only focus on the top 100 projects by market capitalization for this product, and achieved the 10-min granularity — so any beat won’t be missed.
Social Pulse gives you access to a wealth of information about:
- number of social discussions/mentions
- the sentiment of social discussions/mentions
- content of social discussions/mentions
As you know, the majority of crypto discussions take place on Twitter, Discord, and Telegram, that’s why we’re mainly focusing on these platforms. Obviously, such discussions can affect the price of a particular project — any hack, airdrop, merge, or other significant events around a crypto asset immediately causes a surge in discussions and affects the price.
However, according to our observations, even a small number of mentions is already directly related to the asset’s price, and moreover, the price is affected by the sentiment of these mentions:
1. The chart below shows the correlations between $XRP mentions on Reddit with its price. Almost each increasing/decreasing spike in the number of discussions finds its corresponding movement on the price chart:
2. A similar example is Polygon ($MATIC) mentions on Reddit and its price:
It is worth noting that spikes in the number of mentions always occur slightly ahead of price spikes. An event occurs → it turns into news and people start discussing it → news and discussions encourage people to buy/sell a coin and change its price accordingly. This key point can be used to build the entire logic of an algorithmic strategy with this data indicator.
3. Referring to the sentiment of social mentions, here’s how Solana ($SOL) Reddit sentiment is reflected on its price chart:
4. Uniswap ($UNI) Reddit sentiment versus its price is another example. As we see from the chart below, the sentiment spikes occur before the price movements:
CryptoRiskIQ
CryptoRiskIQ has been developed specifically to help crypto analysts and risk managers evaluate the health of a crypto project, conduct deeper due diligence, and perform a risk assessment.
One of the biggest challenges in the crypto market is the lack of transparency and reliable information about projects. This can make it difficult for investors to make informed decisions about where to put their money. CryptoRiskIQ addresses this problem by providing access to valuable data and insights that help to reduce uncertainty and improve decision-making. Using this data, you can easily unleash hidden information about every specific crypto project — from the project’s community historical growth, engagement, and sentiment — to the technology maturity of a project and the seniority level of its contributors. Let’s explore some examples:
1. The chart below shows crypto projects with the most active GitHub contributors over the last month. Polkadot ($DOT), Cardano ($ADA), and Ethereum ($ETH) are taking the lead:
2. We have an entire history of development activity for 2,000+ projects. The charts below reflect that Solana ($SOL) lost almost 90% of its active GitHub contributors and commits after January 2022:
3. Top projects by the number of Discord members. Axie Infinity ($AXS) takes the 1st place with 630k+ members:
Web3 Database
Web3 Database was developed to cover the entire landscape of crypto/web3 startups and is tailor-made for VCs. As VCs have started investing in crypto more actively, obtaining reliable and transparent information about projects has become a challenge.
However, Contora’s database of 20,000+ crypto/web3 startups offers a detailed profile of each company’s firmographics, which includes real-time and historical data on
- Project community indicators, such as member growth and daily activity, on Reddit, Discord, Telegram
- GitHub development activity — we look under the hood of each web3 project, evaluating the activity, engagement, and seniority level of its developers
- Founding team maturity — we automatically check the founding team’s background based on their LinkedIn profile, score them from 0–100 scale, and evaluate their experience and founder-market fit levels.
Just to give you an example of our web3 analysis here, below you can find a list of top web3/crypto founders, scored by a number of indicators — experience, education, previous companies, immigration status, and so on.
Having this information at your fingertips, you can make better and more informed investment decisions, and gain a competitive edge over other market players.
To sum it up, we are excited to expand our alternative/analytical crypto data offerings to better serve our customers’ needs. By bringing these 3 new sub-products to life, we believe we can offer a more holistic and comprehensive data suite for crypto investors of all backgrounds and investment strategies.
Do not hesitate to schedule a demo to see how our products can work for you specifically.
We always value your feedback and look forward to hearing from you — let us know what you think about our redefined data streams by leaving a comment here, clapping 👏🏻, or texting us (vlad@contora.ai, bohdan@contora.ai).
P.S. From now on, after we achieved 10-minute granularity and worked a lot on the quality of our data, we’ll be posting analytical articles and tweets with useful insights even more regularly, highlighting the main quant funds’ methods and tactics, and how our off-chain data helps them to make profits.
