Analytics / Forex and Crypto News
The developers of the CoinMarketCap service have integrated into the system the option of a fundamental assessment of the state of any cryptocurrency.
It’s the FCAS indicator, which will analyze each digital asset in the list the CoinMarketCap for its popularity, performance, transparency, and reliability.
The new metric will allow a potential investor to see the market position of the cryptocurrency with the FCAS option. FCAS assigns each cryptocurrency the rating from 0 to 1000 points. This tool was developed by Flipside Crypto startup specialists specifically for the CoinMarketCap analyst team.
Using this function, you can analyze the behavior of the owners of the digital currency, evaluate the features of its use and network activity, including the number of investors, crypto exchanges and smart contracts.
For example, the FCAS estimated the Bitcoin for 885 points, Ethereum and XRP got 909 and 751 points, respectively.
It should be noted that last year, the CoinMarketCap service added new metrics to provide users with the most accurate information on the trading volumes of digital assets.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov