Article Four: Bubblemaps and Market Analysis
After learning how to use the Bubblemaps platform step by step, we now move on to the practical side of using it for market analysis and making smart decisions.
Understanding market movement through Bubblemaps
The @Bubblemaps.io provides interactive maps that help visualize how tokens are distributed among different wallets, revealing significant movements that may impact token prices. For example, if a large wallet transfers a massive amount of a token, this movement is clearly shown on the map, assisting traders and investors in anticipating market fluctuations.
Identifying main wallets (Whales)
Through bubble maps, one can identify the main wallets or 'whales', which hold large amounts of tokens. Knowing the movements of these wallets helps to analyze the market better and make decisions based on real data.
Analyzing historical patterns
The 'time travel' feature in Bubblemaps allows users to view how the distribution of tokens has changed over a specific period. This enables users to study historical patterns to understand how large, medium, and small wallets behave at certain times, helping to predict future market movements.
Making smart decisions
Using the information provided by Bubblemaps, investors can:
1. Monitor major wallets and anticipate market movements.
2. Identifying investment opportunities based on accurate analyses.
3. Reduce risks by understanding patterns and making decisions based on real data, not just speculation.
Sources:
Official website of #Bubblemaps
Binance Academy
Reports and analyses of the cryptocurrency market
$BMT
