At the dawn of the crypto industry development almost any investment meant great profits: hardly any token or cryptocurrency ever depreciated upon the completion of the ICO and further listing on the exchanges. The absolute majority of the projects guaranteed decent or even extra-high return for investors. This phenomenon can be explained by taking a closer look at the crypto market of that time: the number of people involved in the crypto economy was steadily growing, which in turn led to the astonishing rate of capitalization of the ‘young’ market.
The first cryptocurrency was issued way back in 2009, but it was in 2017 that ICOs experienced their booming growth. Investments that in most cases used to be blind but profitable, today constitute a far more greater risk — investing can easily result in a money loss.
The market no longer provides an opportunity for an ICO project to rapidly grow. Today the competition for potential investors is fierce because of the large number of ICOs, and investors finding it more and more difficult to focus; everyday they are faced with almost unlimited amount of projects and cryptocurrencies. Unfortunately, not every investor has enough resources and time to single-handedly study the latest market trends and prospects. That is why such a tool as CryptoEYE provides investors with a great opportunity to skillfully manage their assets and build up their portfolio.
Information as the Key Investor Resource
Information is the main resource of any professional investor in the cryptocurrency asset management. In the hi-tech era, information is available in abundance to almost anyone, who is willing to get it. With the ubiquitous spread of the Internet the issue is no longer the accessibility of information, but rather the complicated processes of sorting, filtering and accurately interpreting the relevant information.
Trying to make sense of the endless flow of crypto data and information, it can get tricky to sort out the relevant news, important statements and truly industry-changing events from the white noise that follows the development of the crypto world.
It is also essential to timely receive information and respond accordingly in the cryptocurrency investment business, as this industry is far more dynamic than the traditional business-as-usual way of investing. The volatility of most coins and tokens reaches unthinkable for the real sector of economy digits. A venture investor should timely receive the relevant information about the market-influencing events and should make adjustments in their assets management strategy. Otherwise they risk losing 2, 5 or 10% of their investment portfolio (if the risk diversification is set correctly). At the same time, a cryptocurrency investor may end up losing (almost) everything.
CryptoEYE
CryptoEYE is one of the Zichain ecosystem’s tools, created for the purposes of cryptocurrency assets management. Despite the fact that the industry is actively developing and ‘maturing’, the structure and organization (like that of venture investments sphere) is largely lacking. That is why Zichain has developed CryptoEYE — to help investors make sense of this chaotic but promising industry.
