CoinSocialStory

Website for monitoring crypto assets data

3 followers

Website for monitoring crypto assets data

3 followers

📈Crypto market live data monitor 📊Comparison tool and infographics available 🤔Price prediction section ⚡Updates every 10 seconds

Free

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CoinSocialStory

Maker

Understanding cryptocurrency exchange rates: where to start? Whether you're a crypto newbie or an experienced trader it is crucial to understand cryptocurrency exchange rates in general. Usually these rates show the prices of cryptocurrencies converted to fiat currencies (for example, BTC to USD, BTC to EUR, BTC to GBP etc). Let’s see how exchange rates work in the crypto market. Why do exchange rates matter in the crypto market? Cryptocurrency exchange rates are the prices of digital coins converted to USD, EUR, GBP or any other fiat currency. They enable the buyers to know exactly how much is needed to purchase a specific amount of chosen cryptocurrency. Exchange rates are also important when it comes to determining whether an asset should be sold. If current exchange rates of a coin are peaking, it’s a great time to sell it. What determines the exchange rates in crypto? Unlike investing in traditional currencies, cryptocurrencies are not issued by a bank or backed by a government. Therefore, the monetary policy, inflation rates, and economic growth measurements do not apply to cryptocurrencies. Crypto prices change for various reasons including media coverage, speculation, and supply of a coin. Here are the factors that influence the exchange rates of cryptocurrencies: The supply of a coin and the market demand for it The cost of the mining process The rewards issued to the coin miners for verifying transactions to the blockchain The number of competing cryptocurrencies The exchanges it trades on Regulations governing its sale Its internal governance How to predict crypto exchange rates? According to market analysts, there are some techniques that can allow one to predict the time frame and price range for the exchange rate fluctuations. These mostly rely on an analysis of the exchange rate chart related to the cryptocurrency in question. Those who are not familiar with these techniques can rely on the price predictions made by market analysts. Just keep in mind that comprehensive research that combines data from various sources is still the best way to plan your investments. Where to see current crypto exchange rates? Generally, numerous online price trackers and converters for crypto display exchange rates for user’s convenience. Nevertheless, it’s important to check if they use reliable data and consistently update it. CoinSocialStory has recently launched a handy crypto converter that allows you to check crypto to fiat exchange rates. You can use it as BTC to USD, BTC to EUR or BTC to GBP converter. BTC to GBP. There are also other popular pairs such as ADA to USD, ETH to EUR and BNB to GBP. Conversion rates are collected from multiple sources (such as Bitmex, Binance, OKEX, Huobi Global and other digital assets) and checked for reliability and integrity through CoinSocialStory algorithms. The data is updated approximately every 10 seconds. “We made it so simple and fast to use that you’ll be able to convert crypto to fiat and vice versa in a matter of an eye blink” - says the team of CoinSocialStory. Keep an eye on exchange rates, stay alert and invest wisely in cryptocurrencies analysing stats with CoinSocialStory tools.

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5yr ago

CoinSocialStory

Maker

Is it possible to predict prices of cryptocurrencies? In the crypto world people are always concerned about price predictions. On numerous websites you can find Bitcoin, Ethereum or Harmony price prediction as well as forecasts for many other cryptocurrencies. The question is: can we trust those predictions and who makes them? Let’s find out! For a novice trader crypto prices graphs can look like meaningless lines going up and down. However, they actually show the data that can be useful for predicting future crypto prices. By analysing these graphs you can see how recent events in the crypto market have affected prices and foresee what might happen next. There are three main types of analysis: technical,fundamental and sentimental. Technology has made them more accessible and easier to conduct. Technical analysis involves noticing statistical trends based on historical activity. It includes exploring price movements and other vital indicators, such as trading volume. In this case, the analysts base their forecasts on the idea that prices follow trends and history repeats itself. Technical analysis uses 2 main techniques: trend lines and moving average. Fundamental analysis takes a different approach. Instead of looking at the prices, analysts look at the factors that influence them — the economy in general or how a company is managed. This approach follows the idea that the market may have underestimated or overestimated cryptocurrency’s value, and correction will eventually occur. Sentimental analysis sees people’s actions as the key factor. It pays attention to journalists, influencers and everyday consumers. Sentimental analysts believe that data doesn’t always tell the full story — and trends can be picked up beforehand based on public perceptions and expectations. Crypto experts often use traditional machine learning and deep learning methods while making price predictions. Machine learning methods have been at the center of predictive models in capital markets for the last decade. The school of deep learning proposes deep neural network methods for making price predictions. If you don’t think you have enough knowledge or experience to make your own predictions, you can find crypto forecasts on different websites. These platforms allow you to see forecasts for different cryptocurrencies: not only Bitcoin or Ethereum but also Verge XVG, Ripple XRP, Harmony ONE and many others. Just remember to use reliable sources while doing your research. For example, CoinSocialStory website posts different price predictions based on trustworthy material. The CEO of CoinSocialStory says, “It is definitely possible to predict price movements of cryptocurrencies, but in the crypto market you should always be ready for unforeseen changes”. In conclusion, there are various techniques that can allow you to predict the time frame and price range for the exchange rate fluctuations. These mostly rely on an analysis of the exchange rate chart related to the cryptocurrency in question. Those who are not familiar with these techniques can rely on the price predictions made by market analysts. Just keep in mind that comprehensive research that combines data from various sources is still the best way to plan your investments.

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5yr ago

CoinSocialStory

Maker

What are crypto altcoins and is there a future for them? 'Altcoin' is a combination of two words: 'alt' and 'coin' where alt means 'alternative' and coin means 'cryptocurrency'. Altcoins were launched after Bitcoin's success. They generally project themselves as better replacements for Bitcoin. Many altcoins are built based on the basic structure provided by Bitcoin. Therefore, most altcoins are peer-to-peer, require a process of mining and provide secure and inexpensive ways of carrying out web transactions. But Altcoins, even with many overlapping features, vary widely from one another. For example, some altcoins use a different consensus mechanism to produce blocks or validate transactions. Or, they distinguish themselves from Bitcoin by providing new or additional capabilities. According to CoinMarketCap, altcoins accounted for over 40% of the total cryptocurrency market in March 2021. Many altcoins fall under the category of “penny cryptos” (coins under $1). Such low-cost tokens attract most crypto investors, as they’re usually seen to have explosive growth potential. Market participants are on the lookout for penny cryptos that could be the next Dogecoin. Among “penny cryptos” we can highlight Holo (HOT), Chiliz (CHZ) and Harmony (ONE) (check one crypto price prediction). There are other categories of altcoins: mining-based, stablecoins, security tokens, utility tokens and others. It’s hard to predict the future of altcoins. Some of them can rise while others won’t survive. On numerous websites you can find price predictions for altcoins. Just remember to use reliable sources while doing your research. For example, CoinSocialStory website posts different price predictions based on trustworthy material. There you can find cartesi price prediction or sushiswap price prediction. CoinSocialStory allows you not only to track altcoins, it also has different useful tools like coin comparitor, infographics or btc to usd calculator. “Our goal is to deliver vital data on cryptocurrencies in a visually engaging manner.” - says the CEO of CoinSocialStory. In conclusion, altcoins are alternatives to Bitcoin. Some of them will rise in the future while others won’t survive. Invest wisely and do your own research.

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5yr ago

CoinSocialStory

Maker

Analyzing crypto stats and price predictions with the CoinSocialStory monitoring The enthusiasts in the crypto space are striving to find out which coin or token is worth investing in. Crypto aficionados as well as experienced professionals want to make profitable investments and are in need of all-encompassing sources to support their holistic analysis. To help the community, CoinSocialStory has recently launched its price predictions, now mainly focusing on comparatively lower-priced assets, such as Harmony (ONE) that was among the first tokens to have its forecast released on CoinSocialStory. Although Harmony is a relatively new project with an affordable token, it has quite an active and involved community which is seen from their Twitter mention metrics featured on CoinSocialStory. That is why it is especially captivating to watch ONE social engagement changes — these are the ones on which the platform puts a stronger emphasis. Harmony (ONE) price prediction also demonstrates its gradual price growth, with both short-term and long-term forecasts looking promising enough to keep an eye on the proof-of-stake token. The price was $0.004242 at the beginning of 2021 and, as of June 2021, has reached $0.8403. Although price predictions can be tricky to compose, along with coins’ technical analysis, they are mostly a reliable data source for carrying out your own research and analysis. As a reference, CoinSocialStory uses various well-trusted database sources, such as WalletInvestor and DigitalCoinPrice, as well as well-established media platforms. “Price predictions are a great way to learn more about current crypto trends. They give you a general overview of the market and suggest what a certain asset may yield in the future. And Harmony price prediction is just one example of a myriad of CoinSocialStory’s use cases. The platform has way more to offer to crypto amateurs and specialists”, says the project’s CEO. About CoinSocialStory CoinSocialStory is a live cryptoсurrency data monitoring service. Although the idea of creating it emerged in 2017, its actual development picked up at the beginning of 2021. Now, as the CoinSocialStory team expands, the tool incorporates multiple new features: Real-time crypto data updated every 10 seconds Social engagement and Twitter mentions metrics Graphs for each metric & crypto comparison tool Price predictions for mainstream & emerging assets Crypto infographics to download or share on social media "Donate with crypto" buttons for different charities Crypto space may be saturated with data and stats on digital assets, and having multiple sources to monitor them live might be overwhelming, especially for crypto beginners. Hence, it is important to find an ultimate user-friendly and visually engaging platform that aggregates all necessary data in one place, and that’s where CoinSocialStory is of great use. Media Contact Lily Q, lily@coinsocialstory.com

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5yr ago

Great Site!

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5yr ago

WatchData

Looks good

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5yr ago

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