bitsCrunch

bitscrunch

Vijay near BMW Museum, Munich, Germany HackerNoon Reporter: Please tell us briefly about your  background. I am the Founder & CEO of bitsCrunch, a Blockchain Analytics company that is focusing on NFTs. I have previously worked with Big German firms like Siemens and Volkswagen. I graduated Master’s degree in Electrical Engineering and Information Technology from the Technical University of Munich (TUM), Germany. I am a TEDx Speaker and a regular Keynote Speaker in International Conferences. I’m also the first Indian to be invited for a TEDx talk in Germany below 30. I was awarded as ‘Top 40 Data Scientists under 40’ in India. I was also nominated as ‘20+ Inspiring Data Scientists to be followed on LinkedIn in 2020’ by AI Time Journal from the United States. I am followed by well over 40,000 people on LinkedIn. What's your startup called? And in a sentence or two, what does it do? bitsCrunch - A Blockchain Analytics firm providing AI-enabled securing services to bolster the NFT Ecosystem, operating in Germany and in India. Bootstrapped until mid of 2021 and then closed a Seed round of 750,000$. We are more like an NFT Police. What is the origin story? bitsCrunch was founded in 2020 amidst the pandemic. Bootstrapped until mid of 2021 and then closed a Seed round of 750,000$ from notable Venture Capitalists and Angles in this space. What do you love about your team, and why are you the ones to solve this problem? We are a cross-functional team. We are data savvy. Everyone in the team are data experts with a cumulative experience of 25+ years in Data Analytics and Machine Learning. If you weren’t building your startup, what would you be doing? Since I was recognized as one of the Top 20+ Inspiring Data Scientists to be followed on LinkedIn, and also a TEDx Speaker, I would have opted for a career along these lines. At the moment, how do you measure success? What are your core metrics? We measure our success on the scale of 0 -10, protecting the provenance of the artist and the artworks. Core metrics - providing utmost security by protecting the provenance and integrity of the people/creators in the NFT ecosystem. What’s most exciting about your traction to date? We have closed partnership deals with big players like Polygon, Rarible, and Covalent. What technologies are you currently most excited about, and most worried about? And why? Most excited about the point that integrates both AI and Blockchain. Worried that people are unaware of the full potential of the Blockchain and its use-cases, they do think that Blockchain is only related to cryptocurrency and trading. What drew you to get published on HackerNoon? What do you like most about our platform? The most renowned platform for tech professionals to publish their works. With 4M+ monthly readers, we believe that we could spread the message that WE (bitsCrunch) are working on securing services using AI for the NFT space by blending our AI expertise with the Blockchain to bolster the NFT ecosystem. The way the articles are categorized and presented makes a good read on the platform. What advice would you give to the 21-year-old version of yourself? Failures are part and parcel of life. Not to worry about failures is one thing I would advise to the 21-year-old version of myself now. What is something surprising you've learned this year that your contemporaries would benefit from knowing? Contemporaries are always good for the industry. It brings in healthy competition. Orkut was there when Facebook arrived. I won’t be surprised if someone comes up with the same idea. Rather I will just focus on getting the right things at the right time. Go vote for bitsCrunch as the startup of the year, Munich.

'Contemporaries Are Always Good for the Industry': Vijay Pravin, CEO of BitsCrunch

The Rise of Crypto Analytics and Big Data , a Crypto data analysis firm focused on securing services utilizing AI to protect the NFT Ecosystem, announced it has raised $3.6 million in a private round of funding led by Animoca Brands, including Coinbase Ventures, Capital, Polygon Studios, and others. The analytics and security products provide actionable NFT insights and help users get ahead of the NFT asset  curve with an AI-powered machine learning program. bitsCrunch Crypto.com bitsCrunch is based in Munich, Germany, and has a presence in India. bitsCrunch assists individuals in making NFT buying choices by allowing them to choose which NFTs to purchase. In the previous year, the firm claims to have grown its worldwide user base by more than 8X. Its goal is to protect the environment of the NFT. Animoca Brands, the round's main investor, is a significant participant in the gamification and blockchain industries, claiming to have a portfolio of over 150 investments in NFT-related businesses and decentralized initiatives. Animoca Brands is a  leader in gaming and blockchain with a portfolio of over 150 venture investments in NFT-related firms and decentralized initiatives that contribute to the open metaverse's and web 3 development. The additional financing will be used to grow the team, which will concentrate on protecting a number of well-known blockchains. Yat Siu, the Co-founder of Animoca Brands, said: With the increasing number of non-fungible digital assets in circulation and the rise in NFT marketplaces, bitsCrunch has the potential to contribute meaningfully to the safety and security of the emerging open metaverse. Understanding The Need for Big Data in Crypto Virtual currencies are quite popular these days, and trying to stay away from memecoins like Dogecoin and Shiba Inu and stablecoins like Tether and Binance USD is difficult. However, as bitcoin becomes more popular, so do cryptocurrency crimes. The figure for crypto-based crimes more than doubled last year, reaching around US$14 billion in worldwide transactions, up from US$7.8 billion in 2020. While this increase in virtual currency crimes only accounts for 0.15 percent of all virtual currencies, it represents a 79 percent increase in fraud in this nascent market, even though cryptocurrency transactions have over quintupled (567 percent) in the last year, reaching US$15.8 trillion in 2021. Big Data is a very successful industry, with sales forecast to reach $203 billion by 2020. To put it another way, by 2030, the blockchain ledger's data might be valued up to 20% of the global Big Data market and earn up to $100 billion in yearly revenue. Blockchain-based big data tools help investors, governments, and enforcement agencies track trends and ensure compliance with international rules and regulations. Big Data and blockchain are a combination made in paradise. Today's real issue is who will be the first to develop the most appropriate and well-trained AI/machine learning model for use on top of blockchain-generated data layers that are distributed, transparent, and immutable. The company that does this will bring in a lot of money and make a lot of money. The aggregate value of the world's 50 biggest mineral mining businesses is over $700 billion. The value of blockchain-based big data mining systems will likely be in the hundreds of billions in the future. Catch all the breaking news, and Don’t forget to like the story! Image credits: and . Caden Tormey Shubham Dhage Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions. The writer holds Bitcoin, Ethereum, Cardano, Solana and Cosmos. The writer has a vested interest in the story.

BitsCrunch Raises $3.6 Million from Coinbase Ventures, Crypto.com Capital and Animoca Brands 

Bitcoin's surge past $70,000 has reignited the memecoin market, with tokens like $GOAT delivering mind-bending returns of 10,000x in just five days. After analyzing trading data from the TOP 25 memecoins, we've uncovered four proven strategies that separate successful traders from the crowd. Here's your comprehensive playbook for navigating this high-reward market. Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Strategy 1: Master the Holder Distribution Game Understanding holder distribution patterns has become a crucial edge in memecoin trading. My analysis reveals a three-tier system that smart money watches closely. The first tier, comprising addresses exceeding 800,000 holders, is led by SHIB with 1.51M addresses, followed by DOG, DOGE, MEME, and DEGEN. These tokens consistently demonstrate higher trading volumes and market stability. The second tier, ranging from 300,000 to 800,000 holders, includes BONK and BRETT, each maintaining approximately 700,000 addresses. Notably within this tier, PEPE and WIF have shown growth trajectories, with 30-day increases of 3.02% and 4.86% respectively, outpacing other larger counterparts. The third tier encompasses tokens with 50,000 to 300,000 holders. MEW and MIGGLES stand out with over 100,000 addresses each, while HIGHER, FLOKI, POPCAT, MOCHI, PONKE, MOODENG, and MYRO occupy the 50,000 to 100,000 range. This tier exhibits the highest volatility but also presents significant growth potential. Strategy 2: Decode Liquidity Patterns for Optimal Entry Memecoin trading demands sophisticated liquidity analysis. According to bitsCrunch data, SHIB and WIF currently lead with seven-day volumes reaching $70.2B and $67.3B respectively, but raw volume only tells part of the story. The real profit opportunity lies in understanding the evolving nature of memecoin liquidity. Large-cap memecoins are increasingly becoming pseudo-stable assets, attracting strategic "buy the dip" behavior. Meanwhile, small-cap tokens maintain their role as speculation vehicles, offering higher risk-reward ratios. A prime example is TRUMP's recent performance, showing a buy/sell ratio of 1.66 and 15.9% price increase during the US election events. This demonstrates how traders leverage news catalysts for enhanced returns. Strategy 3: Implement the Advanced Security Matrix Successful memecoin trading requires mastering three critical security dimensions. First, monitor authority concentration metrics to spot red flags early. Second, verify liquidity lock status to protect against rug pulls. Third, analyze address overlap patterns to identify potential market manipulation. My research shows that projects with founder allocations below 5% demonstrate significantly higher success rates. This metric alone has proven invaluable for early identification of promising investments. The emergence of sophisticated trading patterns requires constant vigilance. Watch for complex fund flows between large holders - these often precede significant price movements. Projects showing unusual 24-hour gains warrant particular scrutiny, especially when accompanied by suspicious wallet interactions. Strategy 4: Leverage Social Analytics The social landscape of memecoin trading has evolved dramatically. Traditional metrics focusing on KOL followers (previously requiring 3-5 influencers with 100K+ followers) have given way to more nuanced indicators. Current market leaders often emerge from projects with moderate but highly engaged communities rather than those with massive but passive followings. The temporal distribution of social engagement has become a key success predictor - projects gaining steady support consistently outperform those relying on concentrated promotion campaigns. The New Playbook for Success The Meme Tool Ecosystem Landscape presents five core segments of the overall industry: research tools, safety checks, tracking systems, trading platforms, and launch platforms. Success in today's memecoin market demands a sophisticated approach combining these four strategies. First, establish baseline metrics for project evaluation. Successful launches typically achieve $500-1000 hourly volumes within their first trading day. The crucial $100K market cap milestone serves as an early validation point - 87% of successful projects cross this threshold before significant growth phases. Next, implement a comprehensive monitoring system tracking technical indicators, on-chain analytics, and social sentiment. Pay special attention to volume anomalies, position concentration shifts, and liquidity pool dynamics. Finally, maintain strict risk management protocols. Use tiered stop-loss systems, monitor liquidity ratios continuously, and track social sentiment shifts across platforms. Remember, even the best strategies require proper position sizing and risk controls. The memecoin market continues to offer exceptional return opportunities for traders who approach it systematically. By implementing these four strategies while maintaining rigorous risk management, you position yourself to capture the next wave of memecoin profits. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry significant risks, and thorough research is essential before making any investment decisions. Bitcoin's surge past $70,000 has reignited the memecoin market, with tokens like $GOAT delivering mind-bending returns of 10,000x in just five days. After analyzing trading data from the TOP 25 memecoins, we've uncovered four proven strategies that separate successful traders from the crowd. Here's your comprehensive playbook for navigating this high-reward market. Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Strategy 1: Master the Holder Distribution Game Understanding holder distribution patterns has become a crucial edge in memecoin trading. My analysis reveals a three-tier system that smart money watches closely. holder distribution patterns The first tier, comprising addresses exceeding 800,000 holders, is led by SHIB with 1.51M addresses, followed by DOG, DOGE, MEME, and DEGEN. These tokens consistently demonstrate higher trading volumes and market stability. The second tier, ranging from 300,000 to 800,000 holders, includes BONK and BRETT, each maintaining approximately 700,000 addresses. Notably within this tier, PEPE and WIF have shown growth trajectories, with 30-day increases of 3.02% and 4.86% respectively, outpacing other larger counterparts. The third tier encompasses tokens with 50,000 to 300,000 holders. MEW and MIGGLES stand out with over 100,000 addresses each, while HIGHER, FLOKI, POPCAT, MOCHI, PONKE, MOODENG, and MYRO occupy the 50,000 to 100,000 range. This tier exhibits the highest volatility but also presents significant growth potential. Strategy 2: Decode Liquidity Patterns for Optimal Entry Memecoin trading demands sophisticated liquidity analysis. According to bitsCrunch data, SHIB and WIF currently lead with seven-day volumes reaching $70.2B and $67.3B respectively, but raw volume only tells part of the story. The real profit opportunity lies in understanding the evolving nature of memecoin liquidity. Large-cap memecoins are increasingly becoming pseudo-stable assets, attracting strategic "buy the dip" behavior. Meanwhile, small-cap tokens maintain their role as speculation vehicles, offering higher risk-reward ratios. The real profit opportunity lies in understanding the evolving nature of memecoin liquidity. A prime example is TRUMP's recent performance, showing a buy/sell ratio of 1.66 and 15.9% price increase during the US election events. This demonstrates how traders leverage news catalysts for enhanced returns. Strategy 3: Implement the Advanced Security Matrix Successful memecoin trading requires mastering three critical security dimensions. First, monitor authority concentration metrics to spot red flags early. Second, verify liquidity lock status to protect against rug pulls. Third, analyze address overlap patterns to identify potential market manipulation. My research shows that projects with founder allocations below 5% demonstrate significantly higher success rates. This metric alone has proven invaluable for early identification of promising investments. The emergence of sophisticated trading patterns requires constant vigilance. Watch for complex fund flows between large holders - these often precede significant price movements. Projects showing unusual 24-hour gains warrant particular scrutiny, especially when accompanied by suspicious wallet interactions. Strategy 4: Leverage Social Analytics The social landscape of memecoin trading has evolved dramatically. Traditional metrics focusing on KOL followers (previously requiring 3-5 influencers with 100K+ followers) have given way to more nuanced indicators. Current market leaders often emerge from projects with moderate but highly engaged communities rather than those with massive but passive followings. The temporal distribution of social engagement has become a key success predictor - projects gaining steady support consistently outperform those relying on concentrated promotion campaigns. The New Playbook for Success The Meme Tool Ecosystem Landscape presents five core segments of the overall industry: research tools, safety checks, tracking systems, trading platforms, and launch platforms. research tools, safety checks, tracking systems, trading platforms, and launch platforms. Success in today's memecoin market demands a sophisticated approach combining these four strategies. First, establish baseline metrics for project evaluation. Successful launches typically achieve $500-1000 hourly volumes within their first trading day. The crucial $100K market cap milestone serves as an early validation point - 87% of successful projects cross this threshold before significant growth phases. Next, implement a comprehensive monitoring system tracking technical indicators, on-chain analytics, and social sentiment. Pay special attention to volume anomalies, position concentration shifts, and liquidity pool dynamics. Finally, maintain strict risk management protocols. Use tiered stop-loss systems, monitor liquidity ratios continuously, and track social sentiment shifts across platforms. Remember, even the best strategies require proper position sizing and risk controls. The memecoin market continues to offer exceptional return opportunities for traders who approach it systematically. By implementing these four strategies while maintaining rigorous risk management, you position yourself to capture the next wave of memecoin profits. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry significant risks, and thorough research is essential before making any investment decisions.

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