BuySellHODL App Pioneers Innovative “Crypto Ratings And Price Targets” Feature For Crypto Enthusiasts
The crypto space just received an original app with some pretty innovative implementations that will turn out more than useful for both novices and experts in the crypto space.
BuySellHODL is a newly launched crypto application, and they have just implemented an innovative feature.
The app announced that they’re launching a crypto ratings and price target feature and Bitcoin (BTC) is the initial coin rating.
The feature is currently free, and it’s also an original idea in the crypto space so far.
It provides users with real-time ratings and price target data that is entirely quantitative.
This makes it the ideal analysis tool especially for beginners, but it will also turn out handy for experts as well.
Bitcoin Rating & Price Target feature
The app will query users regularly for their opinions on the overall state of the crypto market, BTC and the value that’s associated with other top coins.
The data will be accounted for as a part of a proprietary formula that is used to generate ratings and price targets.
All this info will be then published and updated on an hourly basis on the BuySellHODL website and the iPhone and Android apps.
According to the official announcement here are the original aspects of the application:
- Real-Time Data – Price targets are updated by the minute. Ratings are updated daily.
- Quantitative Information – A proprietary formula that generates ratings and targets.
- Sentiment Analysis – Easy to see Bitcoin trends and critical shifts in community opinion.
- Universal Availability – Access crypto ratings on the website and our Android and iPhone apps.
Here’s what the founder of the app, Clifford Lerner has to say about it:
“There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind crypto-currency content.”
He continues and explains that “By querying our community of users, we’re able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends.”
Factors in the Bitcoin price target formula
Here are the factors incorporated in the app’s proprietary formula:
- The distribution of the Bitcoin Buy, Sell, and HODL ratings
- The distribution of all cryptocurrency ratings
- The BTC price prediction survey data
It’s also important to note that weekly analysis will get published on Crypto News just to keep users updated with the latest data.
There are various new features in the works at the moment which will be implemented soon.
For starters, we’re looking at more coin rating launches besides BTC: Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Bitcoin Cash (BCH), Zcash (ZEC), TRON (TRX), Binance Coin (BNB), Stellar (XLM), and Ethereum Classic (ETC).
The app will also launch an Experts section that will include ratings and price target data from crypto experts.
And more than that BuySellHODL will provide geographic ratings analysis as well, comparing ratings and price targets from various locations around the globe.
You can find out more exciting details on BuySellHODL by heading over to their official website.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.