What Is Whaleportal and How Does It Work?

Whaleportal is a cryptocurrency data and analytics platform that provides users with various features to help them make informed decisions in the crypto market. The platform supports multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Binance Coin (BNB). Users can choose from several exchanges, such as Bybit, Binance, Phemex, Bitget, OKX, DyDx, and an average of their data.

As a seasoned researcher in the field of cryptocurrencies, I’ve observed their presence and evolution over an extended period. Convinced by their numerous advantages, I believe that crypto may soon take center stage in our financial future. By addressing and improving upon existing features, crypto has the potential to become the new norm within the financial sector.

As a crypto investor, I can relate to the overwhelming number of cryptocurrencies and projects vying for attention in the marketplace. With new platforms constantly emerging, it’s easy to feel lost among the hundreds of millions of users, all trying to navigate this complex landscape. At times, it becomes challenging to discern which option is best suited for a particular need.

Despite the existence of various platforms, Whaleportal stands out as a useful and beneficial tool for global crypto investors. Let’s explore its capabilities and offerings in detail.

What Is Whaleportal?

At Whaleportal, we offer a comprehensive trading dashboard where users can access valuable information about the cryptocurrency market and its trends through multiple real-time charts. Our goal is to deliver accurate and dependable data to the global community of crypto enthusiasts, striving to establish ourselves as a leading provider of crypto intelligence.

As a market analysis specialist at Whaleportal, I’ve been dedicated to creating an extensive collection of charts over the course of our platform’s development. Our primary objective has always been to deliver meticulously detailed information about the crypto market to keep our users informed and empowered with the knowledge they need to make well-considered investments in specific cryptocurrencies.

The accuracy of Whaleporta is truly impressive; the platform has skillfully forecasted Bitcoin‘s development during periods when such precise data was scarcely anticipated by others. Whaleportal achieved this feat by leveraging its sophisticated charting tools and data streams, ensuring its predictions remained as aligned with reality as possible.

If you’re questioning the necessity of yet another Web3 analytics platform given the existence of well-known options like CoinMarketCap and CoinGecko, let me introduce you to Whaleportal and its unique features.

Main Features

Upon entering Whaleportal for the first time, you’ll encounter a straightforward display of the leading cryptocurrencies with their current prices and elementary graphs such as funding rates, trading volumes, and open interests.

What Is Whaleportal and How Does It Work?

Yet, the true value lies in exploring the various charts provided by Whaleportal. Currently, this platform gathers and displays extensive information regarding cryptocurrencies and their related projects.

Sentiment Heatmaps

As a data analyst specializing in cryptocurrency trends, I’d like to explain that while the term “heatmap” is commonly used in various contexts, its application in crypto analysis holds unique characteristics. Our team at Whaleportal meticulously gathers information from diverse sources daily to decipher the sentiments of Bitcoin and crypto users.

Drawing from available data across the web, the system generates a color-coded chart depicting sentiment.

Buying and Selling Heatmaps

In simpler terms, using a heatmap for buying and selling is quite analogous to utilizing one for sentiment analysis. Essentially, these tools generate charts displaying data in different colors – commonly red and green – to emphasize specific details.

In this scenario, purchasing and exchanging Heatmaps serve as visual representations depicting the changes in buying and selling trends for particular cryptocurrencies throughout a defined timeframe.

Funding Rates

The charts for cryptocurrency funding rates present two primary choices: USD-margined and coin-margined. Each chart displays the current data on ten different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Solana (SOL), Polygon (MATIC), Ordinals, Arbitrum (ARB), Ripple (XRP), Cardano (ADA), and Binance Coin (BNB).

Among the options you have are Bybit, Binance, Phemex, Bitget, OKX, DyDx, and a mean of the information from all these platforms.

As a researcher, I would describe it this way: When users select a specific cryptocurrency, they have the option to explore its chart by clicking on “View.” This action grants them access to an in-depth analysis of the crypto’s historical price movements through candlestick charts and funding rates.

Open Interest

The “open interest” function provides details on the involvement of 10 cryptocurrencies in addition to the default information. Although the table is straightforward, users have the option to explore more comprehensive data by opening a detailed chart. In this expanded view, they can customize their analysis by setting the desired time frame, specifying if they prefer aggregated statistics or individual coin/token data, and choosing between area or line visualizations.

Exchange Balance

The “exchange balance” feature is another term for “Bitcoin balance on exchanges,” which signifies the quantity of Bitcoins currently stored in various exchanges that Whaleportal monitors closely. Users have the flexibility to choose a specific time frame, ranging from one minute up to one week, to review this information.

Fear and Greed Index

Certainly!

The fear and greed index is calculated based on various factors such as social media sentiment, Bitcoin’s market share, price volatility, rate of change, and long-term price direction.

Taker Buy/Sell Ratio

The “taker-to-total volume ratio” is a statistical measure that examines the proportion of taker orders to the overall volume in the Bitcoin or cryptocurrency market. By analyzing this ratio, we can determine if traders are predominantly buying with the intention of raising their purchase price or selling at lower prices.

Premium Index

As a crypto investor, I can select the premium index that suits my preferences. I have the flexibility to choose the time frame and the specific type of index, which can be an Average premium Index, USD-margined, or coin-margined. Additionally, I can opt for the index data to be displayed as candlesticks or bars for a clearer visualization of the market trends.

The index displays the historical price data for a cryptocurrency, indicating values for Open, High, Low, and Close. In contrast, the premium index chart depicts a percentage change that is positive when prices are increasing or negative when they’re decreasing.

Whale Metrics

As a crypto investor, I find Whaleportal to be an invaluable tool due to its unique feature called the whale metric. This platform keeps tabs on the 300 largest wallets, filtering out exchange wallets in the process. For instance, on this very page, there are 16 charts presented. Some of these charts display the combined activities of wallets with impressive buying histories, while others highlight the “OG” wallets, offering valuable insights into their investment patterns.

Whaleportal Learn

As a researcher delving into the dynamic world of cryptocurrencies, I’ve noticed an exciting trend: several platforms are now providing educational content to facilitate newcomers’ understanding of this intriguing industry. Among these platforms, Whaleportal stands out with its informative articles about their charts. These pieces not only explain how the platform functions but also highlight the benefits it brings to users.

In addition, Whaleportal features a blog where they regularly explore and share insights about developments and shifts within the cryptocurrency sector.

Pricing and Free Plan Offerings

It’s fortunate that Whaleportal provides a complimentary plan. To maximize your experience on the platform, it’s strongly advised to establish an account. By doing so, you’ll unlock additional features that aren’t accessible without logging in.

In the upgraded version of Whaleportal, which costs $69.99 per month, you get access to features like heatmaps, sentiment analysis, support and resistance levels, an unlimited number of indicators on procharts, WhaleAlgo, and API access with a request limit of 200 per minute. Additionally, users have the option to make payments in cryptocurrency.

In Conclusion

Whaleportal is an ideal choice for crypto investors and traders seeking a single platform to access numerous charts for various digital currencies. This platform is rich in information about multiple cryptocoins and tokens, making it a convenient option for global crypto market participants.

As an analyst, I would emphasize that the different attributes of this entity can provide valuable insights for making wiser choices, ultimately increasing the likelihood of substantial gains.

As a crypto investor, I’ve found Whaleportal to be incredibly helpful in its free version. However, upgrading to the Pro version provides me with even more invaluable data that significantly enhances my investment strategies.

2024-07-03 18:04