How It Works — For Analysts

The cryptocurrency market is relatively new and notoriously volatile. As a result, only a handful of people have been able to fully understand the market, and fewer still have become experts at trading cryptocurrency pairs. If you are one of the few traders (or market analysts) that have mastered the crypto markets, you have an opportunity to make some extra income on coinediction.com.

Coinediction is a cryptocurrency predictions marketplace where expert traders/analysts put out predictions and earn money based on the accuracy of their predictions.

For example, an analyst may predict that the price of BTC/USDT will reach $10,000 in 3 days and 8 hours. Once they post this prediction on Coinediction, the current price of BTC/USDT on Binance API is noted and recorded. The analyst’s prediction is then published in the “current predictions” section of the website where only investors that follow that particular analyst will be able to see their predictions.

When the timeframe on the prediction passes, it is sent to the “past predictions” section, and at that point, everyone in the marketplace can use Binance to check how correct (or not) the prediction was.

Depending on the accuracy of their predictions, analysts on Coinediction are given stats, and after every prediction, the stats are updated. If, for instance, an analyst predicts that from a current price of $8,000, BTC/USDT will reach $10,000 in just over 5 days, and the prediction turns out correct, that analyst’s average gain for that trade alone is +25%. The more prediction they get correctly, the higher “their average monthly gain.”

Investors on the platform can check the stats of analysts and follow them to see their predictions in real time. To do so, they have to pay an amount equal to the analyst’s “average monthly gain.”

A percentage of this amount is paid to Coinediction for the services they provide.

How It Works — For Investors

Have you been struggling to grasp how the cryptocurrency market works? Are you running at a loss in your attempts to trade the markets? Are you tired of losing money to duplicitous social media accounts that promise trading signals but deliver inaccurate predictions? If your answer to any of the above questions is yes, then you have to visit Coinediction.com.

Coinediction is a marketplace for cryptocurrency predictions and there are two participants in the market: investors and analysts. Analysts put out market predictions and they are ranked by the accuracy of their predictions. Investors, on the other hand, follow analysts of their choice and trade based on the signals the analysts put out.

Here is how it works: investors may visit the “past predictions” section of the website and see which analysts have the most accurate predictions. Unlike other projects that publish price predictions, all predictions on Coinediction are automatically verified using Binance API. As a result, there is no room for duplicity and investors can manually check and ascertain the entry and exit points of all predictions. This should help the investors find out which analysts have the best statistics and which analysts suit their trading patterns. When a good fit is found, the investor pays a token to follow the analyst.

By following an analyst, the investor gets to see the analyst’s predictions in real time in the “current predictions” section of the website. Upon seeing them, the investor may decide to trade—or not—based on the predictions.

Now, the more accurate an analyst’s predictions are, the higher their “average monthly gain.” Since the “average monthly gain” is the amount that an investor has to pay to follow the analyst, the best analysts are the priciest. For example, if an analyst has a monthly gain percentage of 150%, it will cost an investor $150 to follow said analyst and see their predictions.