Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Swyftx now offers unrestricted access to comprehensive On-chain analytics for a wide range of assets on its dedicated pages.
Swyftx is a premier Australian cryptocurrency exchange that offers a comprehensive and user-friendly platform for individuals looking to enter the world of digital assets. After being founded in 2017 with a strong focus on security, Swyftx provides a trustworthy and regulated environment for trading 300+ crypto assets with a great user experience that caters to seasoned investors and newcomers to the crypto space. With its commitment to innovation and customer satisfaction, the platform offers a seamless trading experience with advanced features, competitive fees, a vast selection of assets to choose from, and from today onwards, On-chain analytics through a collaborative integration of IntoTheBlockâs Market Intelligence indicators.
Swyftx has emerged as a leading player in the Australian crypto market, catering to the diverse needs of its growing user base and todayâs announcement proves their commitment to providing better infrastructure for the whole crypto market.
When you navigate to Swyftxâs asset pages youâll find a set of tabs indicating whether you are looking at the âOverviewâ, âChartâ, or âAnalysisâ of the asset. After clicking on âAnalysisâ, users will find a clean and intuitive interface with 11 visualizations showing some of IntoTheBlockâs most popular indicators with On-chain data, and Social Sentiment Analysis.
To be precise, this integration includes the following fundamental charts:
- Token Summary: An aggregation of small charts that provide a holistic view of the assetâs network activity over the past seven days with metrics such as âHolders Making Money at Current Priceâ, the âConcentration by Large Holdersâ, the âHoldersâ Composition by Time Heldâ, âTransactions Greater than $100Kâ, and its âTelegram Members Changeâ if the asset has an official Telegram group.
- Daily Active Addresses: An indicator that tracks the daily number of New Addresses, total Active Addresses, and Zero Balance Addresses, which is helpful to track network activity over time.
- Global In/Out of the Money: An On-chain profitability analysis regarding all addresses that currently hold a certain asset. Addresses âIn the Moneyâ are the ones that are profitable, addresses âAt the Moneyâ are close to breaking even, and Addresses âOut of the Moneyâ are considered to be unprofitable.
- Large Holders Netflow: An On-chain Flows analysis that provides an idea of the change in positions of whales and investors with over 0.1% of supply. In short, spikes in Netflows can be seen as accumulation from large players, while drops point to reduced positions or selling
- Balance by Time Held: An indicator that shows the value of coins relative to each individual group (Hodlers, Cruisers, and Traders) since its historic inception. This helps to keep track of the trading behaviors of each different group.
- Twitter Sentiment: An analysis that uses IntoTheBlockâs proprietary classification machine learning algorithm to infer the connotation of messages discussing a particular crypto-asset and its ticker. These are plotted over time to track market sentiment and the level of activity in relation to a crypto asset on Twitter.
- Github: An indicator that directly links to the official Github repositories of a crypto asset and extracts key information for each protocolâs ecosystem of developer activity.
At IntoTheBlock, we are thrilled about this highly anticipated release, which has taken meticulous work and dedication from both companiesâ teams. This strategic partnership allows users to benefit across the numerous geographical locations where Swyftx operates. By joining forces, we aim to provide an enhanced trading experience that leverages the powerful insights offered by IntoTheBlockâs Market Intelligence analytics and Swyftxâs.
We are eager to hear your feedback about your experience with Swyftx and IntoTheBlock.
Swyftx Revamps Its Asset Pages With Custom Indicators From Intotheblock was originally published in IntoTheBlock on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.