Coinscious Demonstrates How Accurate Crypto Market Data Ultimately Leads to Winning Model

Coinscious, a data and trading analytics provider for the cryptocurrency market, today announces the publication of its article illustrating the high importance of accurate data when creating quantitative and high-frequency trading models with far greater than average performance.

To view the article in its entirety, visit: https://coinscious.io/coinscious-lab/accurate-crypto-market-data/

OHLC Error Rates

A key aspect that is often overlooked in quantitative crypto-trading is the quality of the data being used to design sophisticated prediction models. In the new era of cryptocurrency trading, those with the most data of the highest quality will surely win as the underlying data ultimately determines the execution prices, the model’s behavior, and the model’s ability to fit the market efficiently and effectively.

Many algorithmic traders incorporate massive amounts of data into their algorithms to create better pricing models and leverage large volumes of historical data to backtest their trading algorithms. Particularly with recent advances in machine learning, the data-driven approach to modeling is being emphasized more than ever before.

In the article, the error rates of Binance, Bittrex, Bitfinex, Bitstamp, Bitmex, Huobi Global, Okex, and Coinbase Pro were measured and then placed in bar chart format to illustrate the accuracy of Coinscious data compared to Kaiko and CoinAPI. The data quality was assessed by comparing each well-known exchange’s OHLCV (open, high, low, close, volume) data with derived OHLCV data.

Whether viewing error rates in trading volume or price movements, Coinscious data proved to be the most accurate among the other data vendors for the top 3 coins (BTC, ETH, and XRP). In average, Coinscious data are 38% better than Kaiko’s data, where the relative errors on OHLC are 39%, 41%, 31%, and 37% respectively. Similar results have also been shown using four alternative coins (ADA, XLM, TRX, ZRX).

When answering the question of why accuracy discrepancies exist across different data providers, a couple of possible reasons are given. For example, it could be due to downtimes of exchange APIs or rate limits getting in the way when there is high activity among the thousands of combinations of cryptocurrency exchanges and trade pairs.

While many companies are collecting vast amounts of data across different exchanges and coins, the quality of the data may be hidden underneath the quantity of the data. Especially in this era of a data-driven finance world, success and risk can be heavily dependent on the data quality and the data operations environment. Obtaining the right trading tools and hiring talented traders can certainly help, but even then, tools and people cannot guarantee success if the data is imperfect. The cryptocurrency finance market could benefit from having more of data quality analysis in order to understand the granular level of datasets and where they can be obtained.

About Coinscious 

Coinscious provides comprehensive data, insights and solutions to professional and non-technical cryptocurrency traders alike. We focus on delivering quick and accurate data to our users, connecting trading systems and strategies to the dynamic crypto market through our enriched data sources and data-driven insights. We specialize in providing traders with tools to allow them to backtest, validate, optimize and execute their own strategies.

To learn more about Coinscious, visit: http://www.coinscious.io


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Author: Coinscious Inc
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Tron Price Rises 53% in Five Days – Is This TRX Run Sustainable?

The Tron price (TRX) on Wednesday maintained its bullish momentum despite a watchful sentiment across other cryptocurrencies.

The TRX/USD rate today peaked towards 0.0306, up 53% for the week after posting five consecutive daily buying sessions. On a 24-hour adjusted timeframe, the pair has posted a whopping 13.56% gain against the US dollar. The strong buying sentiment has prompted Tron’s market capitalization to jump two ranks, leaving Craig Wright’s Bitcoin SV and stablecoin Tether behind.

Tron is also showing strong muscles against Bitcoin. According to an aggregate price index, the TRX/BTC pair has jumped 13.15% to 722 satoshis.

BitTorrent Token Launch

The upside sentiment appears to have surged after the launch of the BitTorrent crypto token (BTT). It is the native cryptocurrency of the BitTorrent protocol, the popular torrent file sharing platform which Tron took over last year. According to the press announcement, BitTorrent users will be able to earn rewards for seeding and sharing the files in BTT. According to the BitTorrent whitepaper, BTT is based on Tron’s TRC-10 standard.

CZ, the CEO of crypto exchange Binance, called the development an “interesting case study.”

The overall development appears to have attracted sentimentalists towards the Tron market, especially when rest of the top coins are finding it difficult to reach their next upside targets. The crypto token’s surge against Bitcoin alone explains that.

Will the Tron Rally Last?

The signs of sentimental trading suggest that traders will want to exit their long positions on a profitable note on the first sign of pullback action.

TRON 1D CHART | SOURCE: BINANCE, TRADINGVIEW.COM

The TRX/USD rate has overreached its upside targets according to the Relative Strength Indicator (RSI) momentum. It is now near 80, which indicates a downside correction in the coming sessions. In the best case scenario, the TRX/USD pair will be forming a bull flag as it corrects to the south, after which it will resume its uptrend to form new higher highs. In the other scenario, which is not entirely a worst case, the pair will extend its downside correction to restest 0.0182 as its support.

As of now, Tron has already formed what the market calls a cup and handle pattern, followed by a breakout. Generally, the cups with stronger Us and handle size below the size of half the cup provide strong signals. We are merely discussing the pattern to realize the interim bias of the Tron market.

In the event of an extended breakout action, such that TRX/USD breaks above 0.0310, the next upside target would shift towards 0.0443, the high from July 18 trading session.


Source
Author: Yashu Gola
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TRON Arcade: TRX Company Announces $100 Million Gaming Fund

Despite the price conversation dominating cryptocurrency, as the market experiences a brief reprieve after two weeks and billions of dollars shed in market capitalization, most of the top currencies are pushing forward in development. On Nov. 29, the TRON Foundation announced the creation of a new fund which would highlight the need for gaming and blockchain development. Called “TRON Arcade” the announcement includes a $100 million commitment by the foundation to advance blockchain gaming on the TRON network paid out in installments over the next three years.

According to the release, TRON Arcade seeks to “empower developers,” a move that the TRON Foundation and CEO Justin Sun have historically pushed as the most organic approach to growing both the TRX currency and the platform being built. SInce inception, TRON has been billed to investors and developers as more than a transactional currency. Compared to Bitcoin and other merchant focused coins, TRON seeks to build a multi-layered decentralized entertainment platform utilizing the TRX currency, with gaming being an obvious pillar to its development.

Since acquiring BitTorrent in a bomb shell move over the summer, both the TRON Foundation and Justin Sun have garnered attention for their broadly focused programs to expand the existing framework of cryptocurrency. As many commentators have pointed out during the bear cycle of 2018, highlighted by last week’s most recent price plummet, crypto has room to grow before blockchain and the use of decentralized assets becomes commonplace in the mainstream. Until that time, investors can continue to expect severe price volatility, with crashes being the consequence of an underdeveloped marketplace and burgeoning industry.

Yesterday, EWN reported on the TRX currency leading the market in performance, gaining over 20 percent on the day. The recent announcement of TRON Arcade adds to the building development for the currency, with TRON showing investors and TRX enthusiasts that they have a long-term commitment to the industry–despite the discouraging market movements that have characterized 2018.

TRON is counting on the Arcade fund to form another pillar of the growing platform, much like Project Atlas is spearheading the integration of torrenting services through acquired BitTorrent. Speaking in the release, founder Justin Sun explained that blockchain gaming would improve the experience of both TRON and those looking for a new twist on the entertainment sector,

“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.”

With the addition of TRON Arcade, in conjunction to other programs such as Project Atlas, it’s becoming more clear that Sun and the Foundation are targeting developer interest as the path for TRX dominance in the industry. Sun has repeatedly espoused the benefits of TRX over Ethereum, including transaction speed and network scalability, in an effort to woo away talent from its most pressing competition. Now, with Arcade, TRON is opening itself up to a fresh wave of development focus through gaming.


Source
Author: Michael Lavere
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Tron (TRX)’s New Listing On Indacoin Comes With New Trading Pairs, Enters Australia And Russia As Trading Volumes Increase By 260%

Things are looking up for Tron’s TRX as it gets another listing on a new London-based crypto exchange. The exchange, called Indacoin, also plans to offer 5 fiat trading pairs for the crypto. This comes just days after Tron launched a new smart contract system that quickly achieved over 12 million triggers. Also, the company has launched a Baccarat Casino supported by smart contracts in a bid to improve TRX’s adoption.

TRX And Fiat Pairs On Indacoin

Besides the listing, Indacoin will offer a variety of TRX-to-fiat pairs. These include the USD (United States), RUB (Russia), GBP (Britain), EUR (EU), and AUD (Australia). Indacoin allows users to purchase cryptos using their Visa or Mastercards. However, the cards must support a 3D Secure function enabled for security verification.

One of the advantages of this new arrangement is speed. It takes less than 30 minutes for a transaction to complete. On the platform, users can buy or trade TRX with other cryptos. If they wish, they can also convert their TRX into any of the given fiat pairs and send it back to their credit cards.

About Indacoin

As a crypto exchange, Indacoin prides itself as having been built around the concept of stemming fraud. For this, the exchange has deployed stringent systems that detect and prevent fraud attempts based on 30 client variables. The variables are assessed to derive a final client score to gauge their authenticity.

Indacoin entered the market back in 2014. Having started in the United Kingdom, the exchange has since expanded into various other countries across the world. Besides the basic website, Indacoin also has mobile versions that run on both iOS and Android devices. Although no data about the exchange is available on CoinMarketCap, Indacoin currently offers over 700 tradable digital assets/cryptocurrencies. The exchange serves every other region except the United States.

New Markets

One thing to note is that prior to this latest listing, TRX wasn’t really popular in some large markets like Russia and Australia. That’s about to change now as the new AUD and RUB fiat pairs allow TRX to penetrate the two markets.

Over the last few days, Tron’s daily trading volume has shot up by a huge margin – about 260%. That’s a jump from 50 million to around 180 million. Despite this, the crypto’s price has largely remained unmoved. It’s yet to be established just how much the listing could affect TRX’s market standing. Although the current general market trend doesn’t seem to favor TRX, the news of the listing could trigger a positive development and ease the pressure on its market.


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Author: Nick James
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Tron Price Analysis: TRX/USD Trends of October 30–November 05, 2018

Key Highlights:

  • The probability of further Tron price reduction is high;
  • bears may still take control of the market this week;
  • there may be price retracement.

TRX/USD Price Long-term Trend: Bearish

Resistance levels: $0.025, $0.028, $0.031
Support levels: $0.021, $0.020, $0.018Tron continues in its bearish movement. As predicted last week that the TRX price will reach the support level of $0.021.The bears maintain their pressure and the TRX price was reduced gradually, broke the 21-day EMA that is acting as dynamic support and resistance downside. Yesterday the TRX price reached the last week target of $0.021. The bears are in control of the market. It is experiencing a pullback as at present.

The coin is falling below the 21-day EMA and the 50-day EMA, an indication of bear’s pressure which means there is a probability for further decrease of the TRX price to the support level of $0.020 if $0.021 TRX price level is broken down side by the bears.

In case the support level of $0.021 hold, the TRX price will bounce to the north and the bulls will take over the market. The trader should seek the opportunity to set up long trade, have your stop loss order below the support level of $0.21 and exit the trade at the resistance level of $0.025 or where the TRX price reverse.

Meanwhile, the Stochastic Oscillator Period 14 on the daily chart is at the oversold region (below 20 levels) with the signal lines pointing to the north, indicating a buy signal.

TRX/USD Price Medium-term Trend: Bearish

TRX/USD on the 4-Hour chart is in bearish movement. The bears have been in control of the market making lower-lows and lower highs as the characteristics of the downtrend. TRX price hit the last week target by the bears pushing the coin down from the resistance level of $0.026 towards the support level of $0.021.

Presently, TRX price is below 21-day EMA and the 50-day EMA; it indicates a continuation of downtrend movement.

There is a probability that the price will experience further downtrend movement which may break the support level of $0.021 and make the support level of $0.020 as the next target. Nonetheless, the Stochastic Oscillator Period 14 is above 20level which is oversold region; there is a tendency for price retracement.

Image Credit-Shutterstock

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After Baidu, Tron (TRX) In For Major Partnership Talk With Oracle Tech Gaint –TRX News

While the ripple and disruption Tron (TRX) blockchain technology created in the crypto space with the announcement of a partnership with a colossal tech giant, Baidu seems not dead with expectation that bullish growth is imminent for the altcoin, the blockchain technology is again here with another wave will likely create massive shock and aftershock in the space.

The mastermind behind the cryptographic project, Justin Sun open the air today with an announcement that a team from the Oracle blockchain visited the headquarter office of Tron foundation in San Fransisco.

Sun mentioned that the meeting held between the two companies was centered on partnership opportunities talk, Smart Contract and Tokenization.

Oracle Blockchain Meeting With Tron (TRX)

A tech start up adviser that works at Oracle, Neal H., who was amongst the Oracle blockchain team flagged the session as “Meeting of the Blockchain Minds”.

Attesting to Sun statement, he also averred that partnership opportunities was amongst the major talk at the meeting.

Neal expressed gratitude to the likes of Roy Liu, Head Of Business Development at Tron Foundation, and Jonathan, a member of Tron Foundation, who were both present at the assembly today.

Neal also gave credit to Dante Venafro, a Blockchain Advisory Member at Oracle, for the initiating and making the meeting come to realization.

Oracle Blockchain

Edging into blockchain technology in July to join the likes of Microsoft, IBM and SAP in offering blockchain-as-a-service for companies, Oracle intends deploying Distributed Ledger Technology (DLT) with low cost.

Granting an easier way to adopt blockchain technology, Oracle plans to transform businesses with industry’s most comprehensive and enterprise-grade blockchain platform. Oracle blockchain platform helps to secure and make your business transaction faster.

A lover of the blockchain project who commented on the meeting said Tron (TRX) will in the future take over Ethereum and Bitcoin.

Oracle Cloud Service And Tron (TRX) Blockchain

Earlier, in the announcement of the partnership between Tron (TRX) and Baidu, it was stated that the Tron will now have access to working on Baidu cloud platform. Seems like the new impending partnership will also take the same shape as Oracle stands as a tech company that offers Blockchain Cloud Services.

Oracle Blockchain Cloud Service grants a pre-assembled Platform that is used in building and running smart contracts, and at the same time buoying a tamper-proof distributed ledger.


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Author:  Evelyn Murphy
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Tron Says its Community is More Active Than Ethereum, Hackathon Shows Otherwise

During an interview with Investopedia on Oct. 5, Tron CEO Justin Sun stated that its developer community is more vibrant and active than Ethereum.

When asked by the publication to provide five reasons why Tron is better than Ethereum, Sun said:

“At TRON we always emphasize the importance of accessibility and our dedication to the community. That’s why we made sure to deliver on our goals of being faster and cheaper than Ethereum, providing an easy-to-use and affordable network to our vibrant community of talented developers.”

1,000 Developers at ETHSanFrancisco Ethereum Hackathon

In a recent hackathon held in San Francisco, more than 1,000 developers gathered to develop applications and scaling solutions on Ethereum.

Brayton Williams, the co-founder of venture capital firm Boost VC and a blockchain investor, stated:

“5 years ago at one of the first crypto conferences ‘Bitcoin 2013’ we Boost VC organized the hackathon. We maybe had 25 people participate and took place in San Jose. This weekend it was amazing to see over 1,000 people hacking away @ETH SanFrancisco at the Palace of Fine Arts.”

Lindia Xie, a co-founder at Scalar Capital and 0x advisor, who has helped ETH SanFrancisco and other locations to host Ethereum hackathons, said that the developer community of Ethereum has grown significantly over the past three years.

Echoing the sentiment of Williams, Xie said:

“Completely agree, I remember attending the ETH San Francisco meetups 3 years ago and it’d be like 20 people there! It’s been so amazing seeing the community grow.”

In terms of user activity, transasction volume, network activity, and number of dApps, Ethereum is stastically far ahead of Tron. According to Etherscan, Ethereum is processing around 500,000 transactions per second on a daily basis. Tron, in contrast, is struggling to record 50 percent of that.

But, for blockchain projects based on the ERC20 token contract standard of Ethereum, competition against the second most valuable cryptocurrency in the global market is only friendly, because they benefit off of the efforts of the developer community of Ethereum to scale the blockchain.

Many of the scaling solutions that are being integrated into the Ethereum network including Sharding, Plasma, Snark-Based Side Chain, and ZK-SNARKs are expected to drastically increase the mainnet capacity of the Ethereum network, which will be beneficial to both dApps and blockchain protocols launched on top of Ethereum.

How Tron can Actually Compete

In all areas, Tron remains behind Ethereum, and the blockchain project is not close to catching up to the dominant smart contract protocol, as a cryptocurrency that remains outside of the top 10 rankings in the global market.

But, Tron’s acquisition of BitTorrent, the largest torrent client in the world with more than 100 million users, given Tron a unique market to target with a decentralized blockchain system. With it, if leveraged correctly, it is possible for Tron to find a solid use case of its blockchain technology.


Source
Author: Joseph Young
Image Credit: Images from Shutterstock

Tron (TRX) Unveils Major Update: Project Atlas, DApps, Gaming, Wallet and 97 Billion Token Burn

Tron just wrapped up an in-depth live stream update on the platform’s progress.

Founder and CEO Justin Sun began by comparing Tron’s network activity to other blockchains, noting the Tron network now boasts more unique addresses than EOS. In addition, Sun says Tron gained more unique addresses in the first 95 days after its mainnet launch than Ethereum did during its initial launch back in July of 2015.

Sun also announced that Tron has now burned 98% of all its ERC20 Ethereum-based TRX tokens, which are no longer needed now that Tron has migrated off the Ethereum blockchain. The process has essentially locked up about 97 billion tokens that are no longer needed, throwing away the key.

The Tron team also highlighted a number of DApps, including the updated Tron Wallet for iOS and Android and two new gaming DApps built on the Tron network.

As for Project Atlas – the code name for Tron’s integration with the legacy file sharing platform BitTorrent – Tron revealed a number of announced on how the two platforms will merge.

• Integration of a new Tron-based TRX20 token is designed to incentivize users to share files and increase overall download speed
• Users will have the option to take part in the tokenization, or can continue to use BitTorrent without any modifications if they like
• Mobile, desktop, and third party torrent clients will all have the option to enable the new tokenization features
• BitTorrent will remain free and continue to allow users to upload any and all types of files


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Author: Daily Hodl Staff
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BitTorrent to Integrate Tron Tokens in New Incentive Model

Following its acquisition by blockchain startup Tron, peer-to-peer file sharing service BitTorrent will begin incentivizing users by paying them with its cryptocurrency tokens.
Tron announced Thursday that its forthcoming Project Atlas would connect BitTorrent and Tron, hoping to make the BitTorrent protocol faster for peers, as well as encourage both new and existing users to run the file sharing protocol for longer periods of time, according to a press release.

BitTorrent seeders, or users storing and sharing files being downloaded, will earn Tron’s TRX tokens for remaining online for longer periods of time, as well as for “dedicating more of their bandwidth and storage to ensure that swarms are faster and live longer.”
Moreover, users downloading content can pay seeders with tokens as part of this incentive program, the company’s website added.

Tron founder and CEO Justin Sun said the move is “the foundation for a new way of content distribution,” according to a statement.
He added:
“To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.”
The press release emphasized that because the Tron protocol uses Delegated Proof-of-Stake (DPoS) as its consensus mechanism, users will not be mining the token on their machines. Instead, token rewards will be “based on resources provided.”
The move appears to be optional – BitTorrent will still remain free to use, according to the press release.

Tron’s announcement comes a month after CoinDesk reported that several employees at BitTorrent had left the company, at least in part due to the direction it seemed to be taking under its new leadership.


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Author: Nikhilesh De
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TRX Coin Price At A Quarter: What Will It Take For Tron Token To Reach $0.25?

The blockchain space has flourished this year and blockchain-based projects and ICOs fared quite well. However, when it comes to digital assets, the market was not as favorable.

Tron TRX reached several milestones. Justin Sun purchased the largest data sharing platform, BitTorrent to create a decentralized web, known as Web 3.0. Even though the platform launched its mainnet and declared independence from Tronic a few months ago, TRON has declined against fiat currency and has a price that is ten times lower than its all-time high. The big question here is whether TRX is able to rise back to its record price by the end of the year and what are the chances that it will happen.

Tron’s high was back in January and thereafter, it lost 91 percent of its value. Worse, in the last couple of weeks, it had some chances or rebounding and the biggest gain was from $0.018 to $0.026. A week later, the currency fell to $0.017 and went on its sluggish way.
Some surmise that the decline has to do with the negative market trends that are in charge by a common case. Further, it is expected that there will be a continuous decline in the coming weeks. Just last week, TRX has appeared to have adopting a bullish trend, so there is a chance that expectations may change.

Some are saying that by the end of 2018, TRX may rebound due to several new projects that it has announced on Project Atlas. In addition, some believe that TRX needs a boost against the fiat. TRON does best when it has new listing and new trading pairs.


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Author: MaxPositives
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