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Highlights
- LunarCrush was co-founded by Joe Vezzani and Jonathan Farjo, who have a successful history of forming teams and companies.
- LunarCrush's innovative technology helps investors understand cryptocurrencies by observing social media and churning out crypto-specific data.
- LunarCrush reportedly organizes data into 16 metrics or scores, divided into three leading indicators.
Cryptocurrencies are becoming increasingly popular, and even countries have started adopting virtual currency as a legal tender. As one of the most popular investment options today, joining the community of crypto investors without sufficient knowledge is tempting. However, it is essential to note that research is vital before making any investment.
As the cryptocurrency market remains highly volatile, investing in cryptocurrencies is risky if you don't know how to analyze digital assets and have little knowledge of the cryptocurrency industry.
What is the LunarCrush crypto?
Investing in cryptocurrencies with fundamental analysis could help investors secure gains. In addition, there are many crypto research tools available on the internet, and you could use them to gather information and make an informed investment decision.
On that note, we will explore further a cryptocurrency research platform, popularly known as LunarCrush.
LunarCrush crypto: Significant Details
The cryptocurrency platform was co-founded by Joe Vezzani and Jonathan Farjo. Before founding LunarCrush, the duo was a part of Innocean USA.
LunarCrush uses the evolving artificial intelligence and machine learning technologies to analyze cryptocurrency data and convert it into real-time trading insights. In addition, the platform claims to help users make data-driven decisions and enables them to form their views and predictions of the digital assets.
According to the company website, LunarCrush aims to bring transparency to crypto investing as the community and users drive it. As a result, they should have the ability to make informed decisions through data.
In simple terms, LunarCrush's innovative technology helps investors understand cryptocurrencies by observing social media and churning out crypto-specific data for confident trading.
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Over 250 thousand pieces of information related to cryptocurrencies are created daily, and LunarCrush allows users to identify valuable information from a pile of such extensive data.
LunarCrush reportedly organizes data into 16 metrics or scores, divided into three leading indicators: social, trading, and LunarCrush's key performance indicators (KPIs). The trading indicators give information on trading volume, volatility in price and historic trade price.
Meanwhile, social indicators provide information on market sentiments, news volume, social media sentiments and social impact of the currency. In addition, the KPIs can be used to compare the performances of different cryptocurrencies.
Bottom line
The cryptocurrency market seems to have growth potential. According to a MarketsandMarkets report, this industry is expected to grow at a compound annual growth rate of 7.1 per cent between 2021 and 2026.
In terms of money, the cryptocurrency industry could grow from US$ 1.6 billion in 2021 to US$ 2.2 billion in 2026.
