Home Component 1: Crypto Reflectors Trending Platform Article
This is part of EdaFace Listing Platforms, and it is where you will see the latest trends of cryptocurrencies in the crypto industry. The trends update in real-time, almost every 5 to 60 minutes, depending on the market movements.
That is, the Trending Platform is a fast-moving train to catch up with the rapidly changing dynamism of the Crypto Market.
There are three kinds of trends available on EdaFace Listing Platforms:
(1). Top Gainers
Top Gainers refer to the cryptocurrencies that have gained the most in 24-hour Price Change analysis in the past 24 hours.
The Trending Platform displays the Top 50 crypto gainers each day, and the list is updated in real-time.
(2). Top Coins
With such dynamic movements of cryptocurrencies in the market, the market capitalizations of crypto coins and tokens are constantly changing, thereby influencing the ranking of these coins and tokens very frequently.
The Trending Platform tracks these dynamic movements and presents the top seven cryptocurrencies by undiluted market capitalization ranking each day. These top seven cryptos form the Top Coins.
For more on undiluted Market Capitalization, click here>>>>
Thus, Bitcoin with the largest undiluted market capitalization is ranked number one, followed by Ethereum with the second largest undiluted market capitalization, etcetera.
(3). Top Losers
Top Losers refer to the cryptocurrencies that have lost the most in 24-hour Price Change analysis in the last 24 hours.
The Trending Platform displays the Top 50 crypto losers each day, and the list is updated in real-time.
If you are serious about crypto investment, you should better pay close attention to EdaFace’s Trending Platform.
To make it easier, you can subscribe to EdaFace Trending News so that you can get alerts on any of your electronic devices once there is a new trend is brewing up and about to explode. In this way, you will not only keep track of trend development but will be privileged to have insight into the news before it bursts out in the market.
To subscribe to EdaFace Trending News, click here:
(Please, note that the button will be activated once EdaFace Trend News enters its mainnet)
The parameters of each trending crypto that are displayed on the Trending Platform are:
• EdaFace Rank
• Name of Crypto
• Crypto Symbol
• Current Price
• Circulating Supply (also called Available Supply)
• Market Capitalization
• 24-hour Trade Volume
• 24-hour Price Change
When a user clicks on each trending cryptocurrency, the following parameters will be displayed:
(1). EdaFace Rank
All listed cryptocurrencies including the Trending Cryptos on the EdaFace Listing Platforms are ranked according to their diluted market capitalization.
(2). Price Chart View
This will display beautifully coloured charts. That is, the Price Chart View gives a visual picture of the price movement of crypto over a specified time. Such visualisation of price will enable you to make informed decisions before, during or after trading a crypto.
Three different charts are available for each crypto on EdaFace. That means you have a variety of choices in your trading, which is the unique feature of EdaFace, and you cannot see this format on other crypto trading platforms.
The three different charts are:
(i). Japanese Candlestick
This is a variation of the bar chart but in a prettier, graphic format.
A Candlestick pattern appears as a series of columns well displayed with each candle representing a trade – a sell or buy – at a specific time.
To make it easy for a trader to differentiate a sell from a buy trade, the candles are displayed in two distinct colours – sell candles often appear in red or purple while buy candles are usually blue or green.
Note you can easily change the colours to any type you like.
(ii). Bar Chart
This is a bar graph, which is a type of graph plotted in columns in which each column (often plotted vertically) represents the opening and closing price of a currency trading pair in a given time.
(iii). Line Chart
This is simply a line graph that runs across a chart surface and may not give much information, especially to a newcomer to the Crypto Market.
(3). Trade Volume Histogram
At the bottom of the Price Chart View, there will be a histogram that will show the volumes of trade of the listed crypto per time.
The histogram will appear in two colours just like the Japanese candlesticks. A red or purple colour often depicts a sale while a blue or green represents a buy.
(4). Market values
For each trending crypto, the following information about market values is displayed:
(a). Current Price
(b). 24-hour High
(c). 24-hour High
(d). 7-day High
(d). 7-day Low
(e). All-time High
(e). All-time Low
(f). Circulating Supply
(g). Market Capitalization
(h). Trading Volume
(i). Market Dominance, etc.
(j). Return on Investment (ROI) – calculated from the date of the crypto listing.
(5). Brief Data of the Crypto
A brief description of the crypto is also displayed showing:
(a). commencement date, e.g. listing date
(b). official website
(c). whitepaper
(d). contract address
(e). use cases
(f). Project Team
(g). GitHub
(h). Blockchain type
(i). Social platforms
(6). A Calculator
A Calculator that helps a trader compute how much to spend when buying or selling a cryptocurrency.
Market Dominance
Immediately below the Top Coins is the analysis of the Market Dominance of the Top 10 cryptocurrencies by market capitalisation.
Market Dominance gives the trader an idea of what to expect in market movement. For example, in a Crypto Bullrun, when Bitcoin market dominance begins to wane, it is often a sign of a coming Altcoin Season.
Market Dominance also helps the investor to decide where to store up his crypto profits for a long keep.
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