Funnel Tool Will Help Cryptocurrency Traders Measure Market Sentiments & Do Fundamental Analysis

in #cryptocurrency7 years ago

Cryptocurrency trading is a lucrative business with a market capitalization of over 700 Billion USD and is increasing steadily.

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However, there is a problem: there are too many altcoins to choose from and choosing a good one is like picking a needle out of a haystack.

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Opportunity in Cryptocurrency Trading

The opportunity to make money in cryptocurrency trading attracts people like Kim, who buy and sell cryptocurrencies for a profit.

Kim have been buying different types of tokens and altcoins to build his portfolio and was fortunate enough to make his first $10k in two months after participating in a token sale that his brother recommended him.

Kim soon finds out that not all blockchain/cryptocurrency projects and tokens are created equal. It is not easy to replicate his past success. There are even times when Kim regrets listening to other people's advice not to buy a certain token only to see the price grow 1000% in the next 3 to 4 months.

That was when Kim decided to spend more time and do some analysis before he invests in the next crypto-asset. Sometimes it took more than a few weeks for him to properly research and gather enough information about a project before making his choice.

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But not every cryptocurrency trader has the same patience that Kim has. Even worse, some inexperienced and experienced traders alike tend to fall victim to "FOMO" syndrome (Fear of Missing Out) and decide to buy a token without doing proper research. This may cause them to buy when a crypto-asset is on its All Time High, only to see the price steadily go down and never recover.

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That is where Funnel Cryptocurrency Research Tool comes into the picture. This tool will make it easy for a cryptocurrency trader like Kim to research any cryptocurrency by going through their white paper, website, determining exact 24-hour trading volume, and extrapolating a summary of social media updates and press releases.

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Funnel tool will help Kim to measure the current market sentiment for the crypto-assets that he is researching based on social media interactions and search trends. This can save significant time when making a trading decision by streamlining the research process.

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Previous plan to do token sale on 15 January was put on hold to resolve important issues related to the tool research & development for Funnel Tool.

Funnel Project is expecting to do a token Pre-Sale in 1st March 2018. Visit http://www.adfunnel.tech for more details.

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@khusairy Well said bro. Actually, I'm one of them that having this "FOMO" syndrome and it's quite annoying me indeed :X

Yeah bro. FOMO is very common among cryptocurrency traders and I think there's a high chance you'll get REKT if you buy when the token or coin price is on its All Time High.

This post has received gratitude of 1.01 % from @appreciator thanks to: @khusairy.