Anora is an online platform that specializes in cryptocurrency research, data analytics, and information tailored toward retail investors.
SUNRISE, FL / ACCESSWIRE / March 24, 2022 / Trillions of dollars in bailouts and financial ruin affected millions in the 2008 financial crash. Bitcoin was created in response. Since the creation of Bitcoin on January 9th of 2009, the digital asset space has grown exponentially with the advent of decentralized finance, non-fungible tokens (NFTs), the metaverse, and much more. In only 12 short years, the general cryptocurrency markets have seen an influx of new investors. In fact, one of the most prominent rises in investing participation was seen when Bitcoin famously conducted its 2017 bullrun, beginning the year with a price of $1,022, and ending the year at $20,000. Ethereum, XRP, Litecoin, and other Altcoins (as in alternative coins that are not Bitcoin) would soon follow in their respective altcoin bullrun a month after. Collectively, the cryptocurrency market would outcompete every traditional asset class. Currently, Bitcoin has been ranging in the $38,000 to $42,000 price range, and in retrospect, it has been a solid performing asset. However, that doesn't mean it has not faced problems along the way. In all of Bitcoin's bull runs, what soon followed were huge price declines of over 45% in a matter of months, even weeks. Therefore, understanding and predicting these market cycles have been one of the most coveted goals for many cryptocurrency companies.
In fact, a company called Anora has been trying to analyze the markets in a revolutionary new way. As an online platform that is still in development, Anora plans to offer different off-metric and on-metric data that will help retail investors understand the digital asset space. The blockchain is not truly transparent, but Anora will make it clear and accessible so that anyone can understand. Even though the blockchain represents a public ledger that supposedly anyone can see, it oftentimes is too hard, too much, or too expensive to understand. Anora wants to make that extensive data more accessible and valuable so that everyone can understand the fundamentals, technicals, and on-chain metrics. Anora is developing a new software product that includes many features: price predictions based on neural networks; smart scan based on following valuable entities; fundamental and technical analysis grades; and more on top of their established educational products and vibrant community. This will include directional price prediction, exceptional event tracking, and smart money scanning capabilities, to list a few. Currently, the site offers cryptocurrency indices alongside real-time updates on their prices. They have highly qualified and experienced in-house analysts on board who provide trustworthy and reliable insights on current market events.
Many of the cryptocurrencies listed on their site have a grade assigned to them through the platform's innovative grading system that uses a proprietary research algorithm. Their experts and instructors have stepped up to provide insightful information about the ultimate dos and don'ts in cryptocurrency.
In fact, CEO Alexander Lorenzo claimed: "You need to develop a proper trading plan based on thorough research to help you decide what cryptocurrencies to back. Make sure to cover all of the essentials - your entry and exit plan, trading goals, and all of your strategies for managing risk. Think about your main objective regarding your investment and how you're going to achieve it. Trading crypto without a plan is akin to gambling - risky and not prone to good news."
The company's CFO, Baili Zhong, pointed out that investors should stay far away from unknown territory. "Don't invest your hard-earned cash into a cryptocurrency that you know nothing about. Do your research before you part with your money. The same way you wouldn't buy a car without knowing its ins and outs, you shouldn't invest in a digital currency without exercising that same level of precaution. Learn everything that you can about the cryptocurrency that interests you and consider the company and/or people behind it in order to get a clearer vision of the overall picture."
They claimed that the most important part of doing research is to understand the information that an investor is gathering. It's important to have a solid understanding of the concept and methodology behind the blockchain industry, as well as a strong awareness of any obstacles or opportunities that may arise. For example, investors should be aware of altcoin seasons and when they might arise to take advantage of them whenever they come around.
The company understands how tempting it might be to buy the latest currency available in the market, but they ask that investors not be impulsive and to stop and think before they act. Anora's COO Lewis Park states, "I always consider the saying ‘Buy the rumor, sell the news,' and don't FOMO (fear of missing out) into a coin. Usually, a good coin is underpriced when no one is talking about it. If you understand how to research different tokens and coins; if you know how to spot the difference between a scam and the real deal, and if you know that there has not been any traction for a good coin, then chances are you've found yourself a genuine gem. Usually, when a coin is talked about in the mainstream media, it is highly inflated. This isn't financial advice, but I usually sell my crypto when ABC or Fox Business starts to talk about it."
Furthermore, impulse buys can often lead to disappointment in any investment, and following the crowd doesn't always guarantee a positive return. It's important to consider decisions with care, research, and experience.
About Anora
Anora is a crypto analytical software platform with many features: price predictions based on neural networks; smart scan based on following valuable entities; fundamental and technical analysis grades; and more. They are providing insights using portfolio tracking and a revolutionary grading system. They are currently developing different tools that will help retail investors gain more insight in the digital asset space which include both on-metric and off-metric data overviews and analysis. Currently, they are providing an educational product called Fundamental Secrets that includes a ten-week intensive course that teaches anyone, from beginners to experts, the foundation of blockchain technology and the digital asset space. They also provide one-on-one instruction as well as a discord community with like-minded investors.
For more information, check out on:
Youtube: https://www.youtube.com/channel/UCttYMMYBsZ-BkzS93VRgu9A
Facebook: https://www.facebook.com/anora.io
Media Contact
Company: Anora
Contact Person: Alexander Lorenzo
City/State: Florida, United States
Email: [email protected]
Website: https://www.anora.io/
SOURCE: Anora