JieData Announces International Market Expansion Plan for Analytics Tools
JieData, a leading on-chain professional data analytics provider from Singapore, has announced its expansion into international markets.
Jerry Lee, Founder and CEO of JieData, said, “Our team of data analysts has worked hard over the past few years to release a product that offers superior functions and a large amount of data while being very user-friendly. We just want to be the best in the business, and that has to be our benchmark.
Lee, who has 12 years of experience in data analysis, has built JieData almost from scratch since joining the crypto space in 2010. He founded Unchain Technology in 2018 and quickly expanded his team to more than 10 full-time data scientists who have developed and researched new tools to gain valuable insights from data across multiple public channels. After years of development and perfection, Lee and his team released their on-chain data analysis tool JieData in 2021.
JieData is vital for crypto professionals with the help of JieData Explorer to track down whale addresses and predict market direction.
Many JieData users successfully predicted the recent sharp drop in Bitcoin (BTC) based on the distribution of balances and stable metrics.
In the chart below, from July 2021 to April 2022, it can be seen that the distribution balance measure is correlated with BTC price trends.
However, a metric is not enough to predict a market; a better way is to track whale addresses behind transactions with JieData Explorer and analyze them. Due to the transparency and openness of on-chain data, tracking whale addresses is not uncommon. However, JieData analysis tools are more accurate. Users can also bookmark these addresses, along with their transaction histories and income details, and set alerts.
JieData user guide is not complicated; only four steps are needed to analyze the market: 1) browse the on-chain macro data; 2) find whale addresses; 3) create an address database; 4) set transaction alerts.
Lee said, “Don’t blindly believe a metric because data can never predict the market with 100% accuracy, but people can. With JieData Explorer, you can easily find whale addresses and make your [own] judgement[s].”
JieData has strict privacy standards, so users don’t have to worry about address database leaks.
Learn more about JieData:
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