Huobi launches quantitative analysis model
Huobi, Beijing based cryptocurrency exchange has released a quantitative analysis model. It will evaluate different currencies (which uses the concept of blockchain) using a range of variables.
It has been named as 'SMARTChain'. The evaluation model had been designed by one of the prestigious institutions in china, Tsinghua University. It is expected to serve as a guide to global investors involved and to appraise the the differences between various cryptocurrencies. It has decided to use five variables for the analysis as,
- a blockchain's relevance for real-life applications
- public and media attention
- trading volume
- credibility and risk for inflation and
- technological design
It tells that, With the value of all issued tokens combined, the one with highest market capitalization will be updated on monthly and quarterly based. It will be evaluated by the Huobi Blockchain Research Center which will assign scores to each blockchain to generate a final top-20 ranking.
According to the creators of the tool, the scores will suggest how much potential each cryptocurrency has as a long-term investment. The model has only just launched, and people involved admit its accuracy and efficiency remains to be seen.
Have a nice day!!