Ethereum (ETH) Holds the Top Spot in BuySellHODL’s New Community Driven Crypto Ratings
In one of the more interesting research product launches of the year, BuySellHODL, a crypto market data app, has added crypto price targets and ratings to its platform, along with a Crypto-Confidence Index.
BuySellHODL Launches Ultimate Crypto Platform To Make Crypto Cool Again https://t.co/r5zxizOA9Z via @PRWeb @BuySellHodlApp . #BTC #Bitcoin $BTC #Crypto #CryptoNews #cryptocurrency #cryptoapp #cryptoratings #cryptogames #HODL #ethereum #ripple #cryptotrading #investing
— BuySellHODL (@BuySellHodlApp) February 1, 2019
According to the announcement, the new features include:
- Real-Time Data – Price targets updated by the minute. Ratings updated daily.
- Quantitative Information – A proprietary formula that generates ratings and targets.
- Sentiment Analysis – Easy to see crypto trends and critical shifts in community opinion.
- Universal Availability – Access crypto ratings on the website and on the app.
As an example, the price target formula for Bitcoin (BTC), which currently outputs $8,411.71, incorporates several factors including the distribution of the Bitcoin Buy, Sell and HODL ratings, the distribution of all cryptocurrency ratings, and the Bitcoin price prediction survey data gathered through the app.
“There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind cryptocurrency content,” said Founder Clifford Lerner. “By querying our community of users, we’re able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends.”
Here’s the current top-10 based on the new rating system:
- Ethereum (ETH) — 71% Buy — $308.21 Price Target
- Bitcoin (BTC) — 70% Buy — $8,411.72
- Cardano (ADA) — 68% Buy — $0.09204
- Binance Coin (BNB) — 67% Buy — $20.56
- Litecoin (LTC) — 65% Buy — $99.74
- Stellar (XLM) — 63% Buy — $0.1723
- Monero (XMR) — 62% Buy — $100.40
- EOS (EOS) — 59% Buy — $6.84
- XRP (XRP) — 59% Buy — $0.5648
- Dash (DASH) — 57% Buy — $144.09
In addition to the community-driven ratings, BuySellHODL plans to launch an “Experts” section that includes ratings and price targets from “crypto thought-leaders.” If that sounds like you, you can apply here.
Similar: AltDex Cryptocurrency Index Platform
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.