CoinMarketCap launches cryptocurrency health evaluation option
The developers of the CoinMarketCap service have integrated into the system the option of a fundamental assessment of the state of any cryptocurrency.
Talking about the FCAS indicator, which will analyze each digital asset included in the CoinMarketCap rating for its popularity, performance, transparency, and reliability.
The new metric will allow a potential investor to look at its market position with an FCAS option, which has a rating scale from 0 to 1000 points, before buying a coin. This tool was developed by Flipside Crypto startup specialists specifically for the CoinMarketCap analyst team.
Using this function, you can analyze the behavior of the owners of the digital currency in question, evaluate the features of its use and network activity, including the number and actions of investors, exchange and smart contracts.
At the time of publication of this material, the Bitcoin potential of the FCAS function was estimated at 885 points, ether and XRP had in their assets 909 and 751 points, respectively.
It should be noted that at the end of July last year, the CoinMarketCap service added new metrics to provide users with the most accurate information on the trading volumes of digital assets.