Bitget and Nansen Collaborate to Empower Traders with On-Chain Data to Evaluate Token Potential

Bitget’s token listing approach is focused on delivering maximum value with controlled risks. By prioritizing digital assets on the basis of their projected growth, the exchange lists them swiftly providing early access with a diverse range of tokens to its users. The evaluation process is based on quantitative standards and extensive research around assessing market traction, community sentiments, technological innovation, token economics and ecosystem security. The Bitget Research team utilizes an automated on-chain data monitoring system to identify trending tokens via its public activities, ensuring early access to its users through a reliable and efficient selection process.”At Bitget, we position ourselves to balance between aggressive and conservative listing strategies. We prioritize listing legitimate, high-quality projects without missing lucrative opportunities. For instance, our research team identified PEPE due to its active on-chain data, and we listed it three weeks before the biggest CEX,” says Gracy Chen, Chief Executive Officer at Bitget.”By combining our rigorous evaluation process with Nansen’s advanced on-chain and social media analysis, we aim to empower decentralized traders with the knowledge needed to make informed investment decisions in the ever-evolving cryptospace,” she added.Nansen’s statistical analysis confirms TVL and Fees in ETH to be a significant predictor for price changes. Off-chain sentiment data from Nansen’s Alpha discord (premium members channel) shows correlation with weekly token price movements but with limited predictive power, showcasing the need for a multifaceted approach combining on-chain, off-chain and qualitative data for effective market analysis.”Our collaboration with Bitget is a two-pronged approach to token evaluation. For promising early-stage tokens, Bitget focuses on community strength, security, and innovation. Meanwhile, Nansen’s expertise lies in on-chain data analysis, where metrics like TVL and fees have proven to be strong predictors of price movements for established tokens. While social sentiment remains a factor, analysis of on-chain and off-chain data offers a clearer picture of a project’s true potential,” said Aurelie Barthere, Research Analyst at Nansen.

Buy cryptocurrency

Source link

Refer And Earn Demat Account – Get ₹300 | Referral Program

Open Demat Account In Angel One For FREE