Tue. Oct 15th, 2019

Token Analyst Monitors Exchange Inflows to Help Predict Market Movements

Follow the Flow of Cryptocurrency

The cryptocurrency markets exist in a constant state of flux, which can make it hard to cut through the noise and identity the important trading signals. Token Analyst is a market monitoring tool that takes a different approach to the usual Coinmarketcap clones. Rather than focusing on digital asset prices, it’s more concerned with their onchain movements to and from major exchanges such as Binance, Bitfinex, and Bitstamp.

The platform reveals the net change in BTC and ETH over a 24-hour period for each platform, and also offers a subscription-based service for more serious traders interested in viewing real-time exchange inflows. The Hobbyist package is priced at $99 while the Pro package, at $499, includes more advanced features. For the casual and the curious, however, there’s plenty of information that can be sourced from Token Analyst without the need to spend a cent. This includes:

  • BTC and ETH daily onchain volume
  • Live feed of onchain transactions for major ERC20 tokens
  • 24-hour transaction count for selected ERC20 tokens
  • Significant whale transactions

This latter feature covers the BTC and ETH chains, comprising notification of transactions of $500K or more, with a blockchain explorer link provider for further scrutiny.

Token Analyst works well when combined with a pricing tool such as Bitcoin.com’s Markets, which provides real-time information on thousands of cryptocurrencies. Through comparing the movements of major digital assets onchain with the price moves that occur on exchanges, it’s possible to gain a fuller picture of the cryptoconomy and an insight into where the market may be headed next, be it up or down.

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