Simetri Research Launches Dashboard for Short-Term Crypto Traders

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Simetri Research has launched a new cryptocurrency trading signals platform, which is reportedly designed for short-term traders needing quick market insights.

Simetri Research, a crypto research and analysis service backed by digital currency reviewer Crypto Briefing and crypto price aggregator CoinMarketCap, has launched a new platform that displays short-term trading signals.

Closing the information gap

Crypto Briefing announced the new service, Coins on the Move, on Aug. 22. Coins on the Move is reportedly designed to meet the informational needs of short-term crypto traders, who prefer to actively buy and sell rather than hodl. Some insights the platform offers include entry and exit prices and near-term price projections accompanied by researcher rationales. 

Simetri is currently only offering the service to Simetri Research subscribers. Simetri Research CEO Han Kao remarked that Simetri is an attempt to close an information gap that is detrimental to retail investors. Kao commented:

“When one party has a great deal of knowledge, and the other has very little, that imbalance puts the retail investor at a huge disadvantage. Our goal is to help redress that imbalance with SIMETRI — giving our best interpretation of multiple data points, to help investors understand the market as quickly and easily as possible.”

Technical and fundamental analyses are insufficient

Kao further remarked that neither technical analysis nor fundamental analysis are good predictors of crypto price. He claimed:

“Technical analysis is helpful in the cryptocurrency world […] But it doesn’t tell the full story. And since this is still a nascent market, nor does purely fundamental analysis. Crypto pricing is dictated by a unique hybrid of factors, such as the overall project strength, market trends such as staking, token momentum, investor sentiment, and of course the 24/7 news cycle.”

Simetri remains a fairly young initiative, having launched at the beginning of July of this year.

Coinbase moves into trading signals

As reported by Cointelegraph, major crypto platform Coinbase announced in July that it would offer crypto trading signals to its customers. In particular, Coinbase said that they would provide signals for top holder activity, typical hold time and popularity, and price correlation. Coinbase purportedly believes that these metrics will let investors better understand user behavior, but the data itself will be aggregated and completely anonymous.

Original source: https://cointelegraph.com/news/simetri-research-launches-dashboard-for-short-term-crypto-traders

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Blockchain.com to Integrate Polkadot Tokens Into Its Wallet

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Blockchain.com will integrate Polkadot tokens into its wallet following a new partnership in order to drive more decentralization.

Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot.

Driving decentralization 

On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the adoption and decentralization of Polkadot tokens (DOTs).

Once the integration is complete, users of Blockchain.com will be able to store, send and receive DOTs, as well as to vote on proposed amendments to the network protocol and council members.

The new partnership aims to promote the idea of decentralization. Peter Smith, co-founder and CEO of Blockchain.com, noted in the announcement that Polkadot is “exactly the type of purpose-driven network” that is supported by the company. He stated that the team behind Polkadot shares Blockchain.com’s vision for more decentralization and increased user control.

Announced in 2017, Polkadot is the first project of the Web3 Foundation. The project is being developed by the founders of Parity Technologies, Polkadot founder and Ethereum co-founder Gavin Wood and Ethereuem’s first security chief Jutta Steiner.

In June 2019, Polkadot announced that it sold 500,000 DOTs at an unspecified price, keeping the firm’s $1.2 billion valuation. Following the distribution of tokens, Polkadot introduced its experimental version of the protocol dubbed Kusama.

Original source: https://cointelegraph.com/news/blockchaincom-to-integrate-polkadot-tokens-into-its-wallet

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