Coindar is designed as a web-based events calendar, which offers a direct line to developers of various blockchain projects. The tool is designed to be utilized on the desktop. It creates an ecosystem where users are able to efficiently display meetings, technological updates, and even report new milestones they have hit. All of these things will be published from the official sources, ensuring a reliable source of information for the crypto world.
What to Expect
The calendar contains elements, which allow users to gauge sentiments for crypto in real time. This makes it convenient for those that trade often. Users will use popular sites like Twitter to spread information on trades. This is convenient but because of algorithms, developers with low follower count get their information buried.
Coindar will utilize various analytical tools for social media that aid in the prediction of price action by following the profile of over 1600 blockchain developers. This tracking will ensure that the platform can identify a coin and offer the statistical analysis of buzz around it.
This platform will rank crypto according to the size of the community. Thus, users can tell when a camp expands, making it possible to compare coins to the competition. Data that is shown via this method might a bit skewed. This is because there are numerous bots on Twitter.
Major Players Already Utilize This System
Major players in the world of Finance are already utilizing the system being utilized by Coindar. In an interview with Bloomberg, Hedgefund CEO Dan Morehead revealed that his company utilized Twitter feeds and Github commits to pick the asset in which they would invest.
However, you are not resigned to just being a casual observer. After you analyze the data coming in from the Coindar tools, you can head to the Forecast section of the site and submit your prediction. You will then be able to monitor how close they are to the true price.
If they are close, you will be moved up the ranks. This will ensure you can gain a following and browse the calls made by other users. If you are new to crypto, this can help a lot. All you will need is to follow those ranked at the top to help you make your trades. If you turn out to be wrong, you can go back and check how you analyzed the data. With time, it can help you become an expert trader in crypto.
After being armed with all this hot insider information, you can even head to the Forecasts section of the website and submit your calls. The system is automatically updated from market data to reflect how accurate they were.
The crypto markets are still quite fragmented. Finding a source of data that also contains analytical tools is great for newbies and the experienced ones. If you are new to crypto, you should register on the Coindar site. Getting an account on the site is free. Once you register, you can start to offer your insight and get some back as well.