Bitfinex to Add Santiment Analytics Tools

There are both free and premium metrics available to Bitfinex traders now
30 April 2019   296

Bitfinex announced the beginning of cooperation with the analytical platform Santiment, thanks to which its users will be able to obtain information about new projects and focus on various fundamental factors and indicators when building their trading strategies.

From now on, Bitfinex users will be able to access Santiment free and premium tools directly from the exchange interface. Purchase of the latter is carried out using the Santiment SAN token. Let's check, what they can provide, according to the developers.

Free Metrics:

  • General Project Info — Market cap, circulating & total supply, ROI since ICO and more.
  • Financial — treasury balances & wallet addresses.
  • Social — Social volume over time & word cloud.
  • Community insights — Articles, analysis and research curated by the Santiment team and trusted community members.
  • Daily snapshot of active addresses on the network.
  • Monthly snapshot of the project’s development activity.

Premium Metrics:

  • Santiment have built an array of proprietary historical & real-time indicators over the past two years. An initial set of these indicators have now been made available for Bitfinex & Ethfinex users for a small SAN token subscription:
  • MVRV (Market Value - Realised Value) — The relation of a coin’s total market cap and its ‘realised cap’. This also includes industry-first MVRV ratio for ETH and ERC-20 tokens, custom built by Santiment, available for all ERC20 tokens.
  • Network activity — daily active addresses and network growth.
  • On-chain transaction volume & Token Age Consumed.
  • Token circulation and token velocity.
  • Exchange Flow Balance — the combined value of tokens flowing in & out of exchange wallets.
  • Daily active deposits — the combined number of unique deposit addresses that are participating in exchange deposits.
  • Relative social dominance — the percentage share of mentions on crypto social media as part of a wider pool of 50+ of the most discussed projects.
  • Developer activity on GitHub.

Santiment Tools at Bitfinex
Santiment Tools at Bitfinex

To access the tools, you need to click on the Santiment icon near the asset ticker after selecting a trading pair. Metrics are also available to Ethfinex users.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.