Twelve years after Satoshi posted a link to the Bitcoin whitepaper in a tiny, cryptography-related mailing list, on-chain analytics remains a polarizing topic.
Until the end of the 2018 bull run, many in the cryptocurrency community considered fundamental analysis more of a gimmick than a legitimate tool to contextualize and explain network-related activity, even less to use this data to inform – or improve – their investment decision making.
A lot has changed in the past few years. As the crypto market matures and 2017 pumps get reduced to a happy, distant memory, the demand for a data-backed market edge and comprehensive market/network analytics continues to increase.
Only three years ago, there was truly no established method – or proper data infrastructure – to determine the health of a cryptocurrency network, the state of its utility, or the amount (and the direction) of speculative interest in its underlying token.
Relying on word of mouth as your go-to valuation strategy was an extremely unsettling way to invest. In the stock market, we have P/E ratios and quarterly debts that companies can report to provide insight into the intrinsic value behind a stock. But in cryptocurrency, it is on platforms like ours to fill the growing need of an information-driven outlook on the market – and the behavior of its participants.
On-chain analysis is still something that the cryptocurrency world is just discovering the tip of the iceberg of. The news about TokenAnalyst shutting down is further proof of this; there were many powerful features that the project offered, and the TA team clearly shared our passion of shining a spotlight on the real behavior of the cryptocurrency networks and its participants.
On-chain and social analysis is just beginning to take off, and we’ll continue to try and educate all crypto enthusiasts on the 101 reasons why it’s worth the time and commitment. For those of you who were using TokenAnalyst as your primary source for analytics relating to your investing and trading decisions, we try to offer a similarly comprehensive wide range of on-chain tools, indicators and strategies to help people identify, contextualize and react to market events and network anomalies.
We continue to expand our three main datasets to create new and unique outlooks on the markets: on-chain, social media and development activity information. You can evaluate the fruits of our efforts live on Sanbase, or tap directly into our raw data through our all-in-one API.
We’ll proceed to grow our on-chain coverage of the world’s largest blockchains, and leverage the collected information to create brand new indicators, strategies and data-driven market alphas, and ultimately an entirely new way to monitor the behavior of the crypto markets and some of its most important stakeholders.
All of this being said, we are happy to offer 20% off of your first month of a subscription to our API, or any other platform you wish to sign up with on Santiment. Just use code TA_SAN at checkout.