Post
Topic
Board Project Development
Re: Cryptonavia - Your Analytical Dashboard (Sentiment, Live News, GitHub...)
by
CryptonaviaTeam
on 19/11/2019, 20:24:45 UTC
Hello everyone,

New functionalities have been released on the website, and I would really appreciate genuine feedback!

Here's a summary:

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How to measure the impact of news?

A very frequent request was to measure the impact of news on price action. We've just released a module that displays the hottest news near price charts, for every cryptocurrency. This can help you measure how prices are influenced by announcements, regulations, etc.

Here are some examples of how this might be used to anticipate trends or retroactively understand price action.

We are working on improving data quality, and adding new data sources to cover as many coins as possible.

Is my crypto portfolio diversified?

When Bitcoin price goes down, this is generally not a good sign for the whole industry. However, they're times when Bitcoin is performing less than other crypto, and times when Bitcoin is the only one standing. The question is: to what extent Bitcoin is driving the market? How correlated are the prices?

We created a way to SEE how correlated are the prices of every coin, thank to this cluster map.

Every circle is a cryptocurrency, and the radius is correlated to the marketcap of the asset. When two coins are linked and close to each other, it means that their prices were highly correlated in the past week. The graph can bring out clusters that can help you understand how diversified is your portfolio: our advice would be to have investments in different clusters.

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We'll keep on bringing new indicators, and we would love to know what features you think should be next.

Yours,