How to improve the hit rate through multi-indicator currency selection?
As a retail investor using some indicators to select coins, the purpose is to find two types of coins.
a. Currencies that are exposed when the dealer opens a position to increase or before the increase.
b. The dealer is very likely to select the currency to trade and open a position, but it has not been selected yet.
There are too many coins. The first thing to do is how to quickly narrow the target range, and at the same time, try to focus on category A.
First, we can first narrow the scope through the three factors of spot trading volume, circulating market capitalization, and the ratio of trading volume to market capitalization.
Second, for the currencies within the final target range, observe the address rankings on the chain one by one, and check the top 15 currency holding addresses one by one to see if there are any that continue to buy coins from the exchange and put them on the chain. the address of
Third, among the remaining currencies, check the official Twitter Official Twitter one by one and focus on the active ones.
Fourth, search the remaining currencies on Twitter one by one to see if there is any actual good news and orders are called. Both Chinese and English Twitter will be counted, and related currencies will be excluded. If there are actual and sustained benefits related to the Official Twitter and the currencies that are called for orders at the same time, you can focus on it.
The fifth remaining currency worthy of attention may now be less than 5. Then proceed to the last step of deletion and checking, a. If there are coins with contracts, focus first on coins with large contract positions or those with contract positions that are enlarging day by day or that suddenly increase sharply.
Despite Bitcoin's dominance, the broader cryptocurrency market remains vibrant, with total trading volume of $267.44 billion in the past 24 hours. According to the Crypto Fear & Greed Index, market sentiment is currently marked as neutral, reflecting a reading of 74 (Greed). This sentiment is further underlined by the fact that 69% of cryptocurrencies were top gainers during the same period.
It shows the resilience and bullish sentiment prevailing in the market, indicating widespread investor optimism.
Conflux (CFX)
Conflux is a public layer 1 blockchain designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. It focuses on scalability, decentralization and security and aims to facilitate fast and cost-effective asset transfers, avoiding network congestion and high transaction costs. Utilizing a tree graph consensus mechanism, Conflux combines Proof of Work (PoW) and Proof of Stake (PoS) algorithms to achieve consensus. This approach ensures that the decentralized network supports Turing-complete smart contracts written in Solidity.
CFX stands out through its ShuttleFlow cross-chain protocol, supporting interoperability with Ethereum, Binance Smart Chain, Huobi Eco Chain, and OKEx Chain. This interoperability enhances its utility and accessibility, allowing seamless asset transfers across blockchains. Conflux’s scalability is reflected in its ability to process 300–6000 transactions per second (TPS), providing a viable solution to Ethereum’s network congestion and high fees. The fee sponsorship mechanism ensures inclusivity, allowing users with negative balances to easily interact with the platform. Additionally, Conflux’s integrated staking system provides users with passive rewards, providing a low-risk alternative to trading. The system also facilitates the development of dApps within a secure and decentralized framework.
For investors, Conflux offers an interesting opportunity in the blockchain space. Its current price is $0.513006, having risen significantly by 15.71% in the past 24 hours, showing the potential for growth and appreciation. Additionally, the price is trading 209.25% above the 200-day moving average, indicating continued bullish momentum and long-term growth potential. In addition, CFX maintains high liquidity, with a volume-to-market capitalization ratio of 0.5193, providing investors with ample trading opportunities.
FLOKI
Floki (FLOKI) is a meme-themed coin inspired by the Shiba Inu, or more specifically, Elon Musk's dog of the same name. It is also a platform that inspires individuals to participate in the Web3 space and has made a splash in GameFi circles by launching Valhalla, a dedicated game that is part of the ecosystem and involves P2E elements.
As for its price performance, Floki’s price has been bullish on the charts, with a year-to-date (YTD) gain of 397.1%. And, with it rising 470.7% in the past 30 days, the price of Floki will soon reach new heights. Just in the past week, it rose from $0.0001653 to $0.000303, with price predictions that it may reach $0.000452 by the end of 2024.
OKB (OKB)
Issued by the OK Blockchain Foundation and OKEx exchange, OKB is a utility token that facilitates various functions within the exchange ecosystem. OKEx ranks among the top exchanges in the world, offering diverse trading pairs and unique services, including cloud mining and options trading. As a utility token, OKB provides users with discounted transaction fees, voting rights, and rewards to enhance their participation in the platform.
It stands out through its innovative features, offering users up to 40% trading discounts based on the tokens they hold. In addition, OKB, as the native asset of OKExChain, supports spot and derivatives trading, as well as the development of scalable applications. Regular token burning and incentives further increase the value of OKB, making it an attractive investment option in the cryptocurrency market.
Synthetix(SNX)
Synthetix facilitates deep liquidity and minimal fees on Optimism and Ethereum as a decentralized liquidity supply protocol accessible to a variety of platforms.
It gives users exposure to underlying assets through synthesizers without directly holding the assets. The platform facilitates autonomous trading and staking opportunities, with SNX holders being rewarded through a share of trading fees on the Synthetix exchange. Synthetix leverages oracles for smart contract price delivery, ensuring seamless transactions, minimizing liquidity and slippage issues and eliminating dependence on intermediaries.
From a performance perspective, Synthetix has shown resilience and growth, currently trading at $4.67, up a massive 8.55% in the past 24 hours. Although SNX's market dominance is relatively small, accounting for only 0.02%, the price of SNX has increased significantly by 93% in the past year. Synthetix is trading significantly above its 200-day moving average of $3.37, demonstrating stability and the potential for further appreciation. With the 14-day RSI at 42.82, the cryptocurrency is likely to move sideways, leading to strategic trading opportunities. Additionally, Synthetix has high liquidity with a 30-day volatility of 7% and a volume-to-market cap ratio of 0.3515, making it an attractive option for investors looking for a decentralized finance (DeFi) protocol.
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Mainly spot goods
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