Co ciekawe, większy wpływ na kurs ma zainteresowanie daną kryptowalutą.
Ostatnio trafiłem an ciekawy art po angielsku o wykorzystaniu danych z wyszukiwań w google do przewidywania wzrostu zaineteresowania daną walutą.
text tu:
Did you know, that increase in demand for cryptocurrency like Bitcoin, Ethereum or Ripple starts before the orders hit the exchange? Most people do some research on crypto they intend to buy before the actually place an order?
We are a curious species. First place where we search this days is always google. There’s no doubt about it.
So why not use that knowledge to predict future increase in demand that inevitably leads to increase in price?
That was the main idea that led Cryptolobos team to creation of a system that constantly tracks intensity people all over the world search for cryptocurrencies in goole.
“The task wasn’t easy, but we knew that there is a huge potential hidden somewhere in the big data on searches made in world’s most popular search engine. We’ve decided to create a decentralised system, that will monitor the internet for searches on specific search phrases related in this case to cryptocurrencies. So that’s what we’ve done” says Alexander Bohdziewicz - one of the system creators.
At this stage system is in beta phase and is being tested by it’s first users who are giving a very positive feedback…
So how do you use it ?
This tool shows in real time google trends for any given currency name. In order to use it and trade crypto-currencies successfully, we need to understand only a few basics. It is not a rule, but happens very often that just before price goes up or down, there is a strong indication from google trends. Please, be aware that this tool is only a help, and should not be used solely as a market prediction, although…. sometimes it’s more than enough.
cap – market cap
vol – market volume
US– price in usd
B – price in BTC
12% – usd price change
Trends explained
18 – shows average 24hrs trend
100 – shows current trend ( value from 0 to 100)
456% – shows current trend change vs daily average
Peaks explained
(1) this value shows amount of recent peaks, and is an indication of growing trend, bigger number translates to uptrend
16:48 is a time of most recent trend
Just as an example below is trend for LUNYR and change in price according to coincapmarket, just before price went up, there was increase in google trend for LUNYR
SYSTEM IS CURRENTLY FREE TO USE FOR ANYONE, WE’D LIKE TO KEEP IT THAT WAY, ALL DONATIONS FROM SUCCESSFUL TRADERS ARE WELCOME, SHOULD ANYONE NEED AN API, PLEASE CONTACT US DIRECTLY.
