The skill of on-chain analysis is one that is much needed in today’s tie. With the advancement of the crypto world, the industry is growing more and more competitive and staying on the tip of your toes is very important if you wish to make the most of it. But to perform on chain analysis efficiently, you need a seamless and accurate tool that can help you with the judgement parameters and analysis that you need to be the best in the game. IntotheBlock is one such popular tool that can help you perform on chain analysis in the most exemplary way possible. In this article, we go through every important aspect of the platform so that you know exactly what to do.
What is IntotheBlock?
IntoTheBlock is a crypto data analytics company that specializes in providing insights and analysis of the cryptocurrency market. The company uses advanced machine learning algorithms to analyze data from various sources, including exchanges, social media, and on-chain data, to provide a comprehensive view of the market.
IntoTheBlock offers a range of tools and services for individuals and businesses interested in the cryptocurrency market. These include market analytics, sentiment analysis, and portfolio management tools. The company also provides custom solutions for businesses looking to incorporate cryptocurrency data into their operations.
One of the key features of IntoTheBlock is its ability to provide an in-depth analysis of specific cryptocurrencies and their underlying blockchain networks. This includes analysis of on-chain data, such as transaction volumes, miner behaviour, and network activity, as well as off-chain data, such as social media sentiment and market trends.
Functionalities
The IntotheBlock platform supports almost 9 blockchains and covers 10 DeFi protocols. It also has a huge list of over 260 indicators that can help you with acquiring the best possible understanding.
To see their indicators catalog you can visit IntoTheBlock | Explore All Our Indicators
The first things that are available on the platform’s website are the list of functionalities it offers. IntotheBlock is known for its wide array of tools and services that are beyond beneficial. Some of these include
Blockchain Analytics
Lets you see many indicators backed by on chain datasets that are helpful in giving a fundamental analysis of crypto assets. This function supports over nine hundred cryptocurrencies.
Price Predictions
The platform harnesses the power of AI (Artificial intelligence) to predict and analyse the prices of various tokens which is helpful while trading analysis
DeFi Analytics
With the booming of Decentralized Finance (DeFi), the platform offers analytics that gives in depth information on general market data and specific DeFi protocols to further enhance the space.
Capital Markets
This function lets you easily compare the data associated with spot and derivatives trading and also gauge the market sentiment for any crypto asset.
NFTs Analytics
Non-fungible tokens or NFTs are the talks of the town today and with the NFTs Analytics feature of the platform, you can get an overview of the NFT Market through metrics and analytics.
Quant Services
Quantitative services, also known as “quant services,” are financial services that rely on quantitative analysis and advanced mathematical and statistical modelling techniques to make investment decisions. These technique used by Quantitative analysis involves the use of mathematical and statistical methods to analyze data and make predictions about future outcomes. This type of analysis is often used in finance to assess the risk and return of different investments, as well as to develop investment strategies that are designed to maximize returns while minimizing risk.
Quantitative services are also used in the cryptocurrency market to analyze and evaluate investment opportunities and make informed decisions about how to allocate capital. In the cryptocurrency market, quantitative analysts may use a variety of tools and techniques to analyze data, including market data on prices, volume, and other metrics, as well as data on the underlying blockchain technology and the broader economic and regulatory environment.
The Quant Services provided by IntotheBlock aim at Building AI-based (intelligent) trading strategies for crypto markets. These services provided by the platform come with the following benefits
Crypto-native intelligent trading strategies
The platform brings forth Strategies that are both active and passive in nature and help in systematically discovering the viable alpha in DeFi markets.
Backed by the best crypto asset managers
IntotheBlock Collaborates with renowned asset managers and through these strategic alliances brings to the users the best possible services
100% AI-based
There is nothing that Artificial Intelligence cannot establish today. IntotheBlock employs a discovery and testing engine powered by AI to deliver the best results.
Market Neutral
The platform makes sure that then Returns uncorrelated to price changes in underlying assets.
Partnerships of IntotheBlock
IntotheBlock as a platform brings along with it a lot of credibility since it has partnered with many top names in the industry. It finds partners in more than 200 companies including exchanges, wallets, data providers, and news sites that are renowned in the crypto space. Some of the partners include
- CoinMarketCap
- BINANCE
- CoinGecko
- eToro
- Bitstamp
- Phemex
- MERCADO BITCOIN
- CoinTracking
- INDODAX
- Bitcoin.com
- ripio
- Luno
- Deribit
- Revolut
- Crypto Compare
- Dash
- XT.COM
- BEQUANT
- BYBIT
- ixfi
- Decrypt
- Coindesk
- Bitget
- bitkub
- SoFi
- TradingView
- abra
- SushiSwap
- Algorand
Learn more about these at Partnerships | IntoTheBlock
Overview of the Analytics website
When you visit the IntotheBlock Analytics website, one of the initial things you notice is the dashboard. In the dashboard, you can find many details including the top coins in the market. Each coin shows condensed information about its key metrics and by clicking on the desired coin you can view the detailed information.
Token summary dashboard
Once you click on the coin, you will be taken to its token summary dashboard. Let’s have a look at the parameters shown in the dashboard
Holders Making Money at Current Price – this shows that at the current price how many users are making a profit. “IN” shows the percentage of people making a profit, “OUT” indicates those at a loss and “AT” represents the percentage to break even position.
Concentration by Large Holders – this represents the percentage of token that is held by leading names also known as “whales”. Whales are in brief those holders who own more than 1% of the circulating supply of the token.
Holders’ Composition by Time Held– this highlight the time at which token holders actually hold the coin.
Total Exchange Inflows and Outflows– these two are one of the most vital factors for analysis. Total Exchange Inflow suggests the total amount entering exchanges deposit wallets and Total Exchange Outflow represents the amount leaving the exchange withdrawal wallets. Inflow indicates the sell pressure of a token and the outlaw shows the buying pressure of the coin. Outflow should ideally be greater than the inflow.
Summary – Under the summary portion, the platform condenses the verdict on the token analysis, and represents whether the market looks Bearish, Neutral Or Bullish.
Deep Dive Analytics
Global In/Out of money – this metric shows you different price clusters highlighting from which price range how many bitcoin have been purchased by users and similarly from which price range how many bitcoin have been sold.
Break Even Price – the break-even price highlights how many people or addresses are making profits, and losses and are breaking even at the ongoing price. When the percentage of loss is close to or more than the profit percentage, it could indicate the possibility of s bottom formation.
Total Fees – it is the Total amount paid in fees to use the blockchain on a given day. The total fees represent that depending upon how much is the token network used, the fees are generated. If it will be positive it would indicate a bullish market and if negative it word indicate a bear market.
Miner reserves flow – this shows if in mining people are selling or buying, how is the reserve, and how much bitcoin holding they have. If the reserve shows an increase, it could indicate a bullish metric. The associated Miner Inflow ad Outflow also become key factors in the analysis.
Funding Rate – it is the premium that traders have to pay in order to keep a position open. A positive funding rate indicates more long positions and a negative one means more short positions.
Pricing
IntotheBlock provides users a 7 day free trial without the invention of any credit card. After that, they have a “Pro Account for Individual Investors” that is priced at 10 dollars and charged monthly. The features of this plan include No credit card needed, Unique and different insights that make you equipped with the knowledge to make better investments, 260+ signals and indicators for more than 900 crypto assets, Derivatives support for 100+ crypto assets, A constantly developing artificial intelligence system adept with a machine-learning outlook to data.
They also offer a custom plan for “Analytics API for Institutions”. This plan supports Custom API calls / day, Downloadable data, and NFT support for 4,000 collections. SLAs and 24/7 Customer Service availability. The signals and indicators supported crypto assets and Derivatives support is the same as the other plan, i.e., 260+, 900 and 100+ respectively.
To conclude
In conclusion, it is clear that IntoTheBlock is a leading player in the cryptocurrency data analytics space. Its advanced machine learning algorithms and comprehensive data sources provide a unique and valuable perspective on the market, enabling users to stay up-to-date on the latest developments and understand the underlying trends driving the market. Overall, IntoTheBlock’s innovative approach to data analytics and its commitment to providing high-quality insights and analysis make it a valuable resource for anyone interested in the cryptocurrency market. Its continued success and growth in this rapidly-evolving space is a testament to its leadership and expertise in the field.
