In traditional cryptocurrency investing, the 'Candlestick chart' is the most commonly used tool by investors. However, in the Web3 world, merely looking at the candlestick chart is not enough. On-chain data is key to determining the future direction of a project. Bubble Maps is bringing us a revolution in investor education, allowing us to shift from 'looking at candlestick charts' to 'looking at bubble charts,' thereby making more informed decisions.
Limitations of the 'Candlestick chart'
The 'Candlestick chart' can only reflect the price changes of tokens and cannot reflect the fundamentals behind them. A token's price may skyrocket due to manipulation by 'whales,' but the distribution of its tokens may be highly concentrated, posing significant risks. In contrast, the 'Bubble chart' can reveal these underlying fundamentals.
Insights from the 'Bubble chart'
The 'Bubble chart' visually displays the distribution of tokens, trading patterns, and the correlations between wallets. Through the 'Bubble chart,' we can see which wallet addresses hold large amounts of tokens, whether these addresses are engaged in unusual transactions, and whether the project tokens are widely circulated within the community. This insight is something that no 'Candlestick chart' can provide.
Making investments more transparent and safer
I have always believed that investor education is a crucial part of the healthy development of the crypto market. Tools like Bubble Maps are providing us with a more transparent and safer investment environment. It gives everyone the opportunity to become their own 'analyst,' enabling them to make more informed decisions.