Representation of the average Bitcoin bear

Representation of the average Bitcoin bear submitted by /u/asazot
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Source: BTC
Representation of the average Bitcoin bear

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Are your cryptocurrencies unbalanced?

Are your cryptocurrencies unbalanced?

How do you DYOR on the complex data that is CMC? How do you compare cryptos with very different numerical values?

I’ve tried to answer this by taking the top 300 and plotting three properties simultaneously:

  • the (largely) fixed token supply
  • a measure of worth/ – the daily volume as a fraction of marketcap.
  • a measure of value – the price

There’s a bit of maths (see bottom) carried out on those numbers and then they are plotted on a ternary diagram which not only shows 3D data in 2D, but also re-scales it to show features that are ‘‘ or ‘disproportionate‘ – represented as outliers. The plot does not show absolute values e.g. ‘the most expensive’.

The ‘balance’ of price/supply/volume for each of the top 300 cryptocurrencies: Top 10 (blue), 11-100 (orange), and 101-300 (green). The most disproportionate/unbalanced cryptos are shown in the tables to the side.

The plot is quite difficult to read at , but I’ve added red arrows to indicate the direction of each value. For example, disproportionately cheap coins are top right (like KIN or DENTACOIN) and disproportionately expensive coins are bottom left (C20/TKN). Take home message: most coins are pretty balanced – located in the central group, and all top 10 crytpos can be found there.

Magnified image allowing identification of interesting outliers.

I’ve been thinking about how to use the plot to guide investment.

  • Naturally, we are interested in the price axis, and it might be the case that cryptocurrencies located towards the top right are unexpectedly cheap and therefore worthy of investigation.
  • Equally those coins might represent the ‘has-beens’ of the world: DENTACOIN anyone?
  • At the other end, XIN/MKR/QBT seem very expensive, but the first two also have a very low supply.
  • BTC is expensive, but that’s its job
  • XLM and XRP seem cheap in the top 10
  • ZIL, IOST, UUU, TRX, DOGE, and VET seem cheap in the next tier down
  • HOT, NPXS, and especially BTT (TRX association) seem cheap, but also blessed with a high supply
  • Ultimately, every coin has its own particular narrative which may contribute to its position
  • NANO is located nicely in the middle: balanced, as all thing should be.

Let me know if you spot flaws with this analysis, or can think other ways to interpret it. Blah, blah – this is not investment advice.

Note: I used Excel to rescale all values for the top 300 crytpocurrencies: upscaling above 1, then log compressing them, and finally converting to a percentage score between 0 and 100%. Data were imported into ProSim Ternary Diagram plotter which I think is freeware. ProSim does the final normalisation which essentially plots the balance of each cryptocurrency.

submitted by /u/Echo_are_one
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Source: CryptoCurrency
Are your cryptocurrencies unbalanced?

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CoinLaunch Reaches Agreement with Ontario Securities Commission – Cryptocurrency Regulation – Altcoin Buzz

with Ontario Securities Commission – Cryptocurrency Regulation  Altcoin BuzzInitial coin offering (ICO) consultant, CoinLaunch, has agreed to pay $50000 to the Ontario Securities Commission (OSC) under a settlement deal.
Source: worldnewsoffice
CoinLaunch Reaches Agreement with Ontario Securities Commission – Cryptocurrency Regulation – Altcoin Buzz

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LRC Utility in Loopring 3.0

LRC Utility in Loopring 3.0 submitted by /u/mfinner
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Source: ethereum
LRC Utility in Loopring 3.0

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LedgerX Launches Physically-Settled Bitcoin Futures Contracts

LedgerX

According to CoinDesk, has launched the -settled futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to amid regulation issues.

LedgerX Bitcoin Futures Contracts

LedgerX is now the first Bitcoin futures provider in the US that offers physical futures. This means that the customer receives Bitcoin when the contract expires as opposed to fiat dollar as per the more traditional futures contracts out there.

The Chicago-based exchanges CME and Cboe have offered “cash-settled futures contracts” since 2017. …

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Source: cryptocurrencynews
LedgerX Launches Physically-Settled Bitcoin Futures Contracts

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Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020

The International Financial Centre, Mashreq Bank and Norbloc will jointly a blockchain-based data-sharing consortium in the quarter of 2020


Source: cointelegraph
Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020

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Quedex becomes first regulated crypto-centric futures and options exchange

GIBRALTAR, July 31, 2019 (GLOBE NEWSWIRE) — , a -centric futures and options exchange based out of Gibraltar, today announced that it was granted a Distributed Ledger Technology (DLT) Providers licence for trading of cryptocurrency derivatives and for custody of by the Gibraltar Financial Services Commission (GFSC) making it the regulated entity of […]
Source: bitcoinwarrior
Quedex becomes first regulated crypto-centric futures and options exchange

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Tezos Soars 30% After Coinbase Pro Announces XTG Listing

Tezos

Despite the current troubles in the space this month, new tokens are still being listed on some of the world’s leading cryptocurrency exchanges. As everyone knows, Coinbase is the world’s most popular and biggest exchange, and Coinbase Pro is not far behind, which is why whenever a cryptocurrency is listed on one of those exchanges, it is a big event. Today, the hype surrounds (XTG).

Major Development

In a new development, Tezos has been listed on Coinbase Pro today, and as soon as the announcement was made, the price of the XTG token …

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All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.


Source: cryptocurrencynews
Tezos Soars 30% After Coinbase Pro Announces XTG Listing

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NBA is going crypto, launching blockchain souvenirs from the maker of CryptoKitties

NBA is going crypto, launching blockchain souvenirs from the maker of CryptoKitties submitted by /u/Dahncheadle
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Source: CryptoCurrency
NBA is going crypto, launching blockchain souvenirs from the maker of CryptoKitties

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$500 bounty to whomever discovers additional missing EIPS or consensus breaking changes in Byzantium

$500 bounty to whomever discovers additional missing EIPS or consensus breaking changes in Byzantium submitted by /u/owocki
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Source: ethereum
0 bounty to whomever discovers additional missing EIPS or consensus breaking changes in Byzantium

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