Welcome to my review of TokenMetrics.com where I will review my experience with Token Metrics. I will walk you step by step on my journey through trading and investing in crypto using Token Metrics. Then you can decide if this is the right tool for you to use in your investing/trading strategy. Note, I am not a financial advisor and none of the content on this website is to be used as financial advice.
How to Make Money Trading with Token Metrics:
Welcome to my review of TokenMetrics.com where I will review my experience with Token Metrics. I will walk you step by step on my journey through trading and investing using Token Metrics. Then you can decide if this is the right tool for you to use in your investing/trading strategy. Note, I am not a financial advisor and none of the content on this website is to be used as financial advice.
How will Token Metrics better your Investing and Trading Game?
Token Metrics has tools for all types of investing and trading. Depending on your personal preferences, risks levels, and goals, Token Metrics should have something for you. So take a look and see what fits for your needs.
Here are 4 ways I use Token Metrics:
1. Short Term Trading
2. Swing Trading
3. Portfolio & Indices (Mid to long term investing)
4. HODL (Long term investing)
1. Short Term Trading
Hold Time frame: Intra day to single day trades
Time Commitment: 1 to 2 hours daily
Percent of Total Investments: 5% to 10% depending on risk tolerance level
How to use Token Metrics: Start by opening Data>Ratings. From the Ratings page, change settings to "Trader" and "Daily". This will help filter the coins that the AI thinks may have a higher probability of going up in the next 24 hours. Next, filter by Market Cap (Mcap) to "Greater than or equal to" $30,000,000.
Tap the blue filter button to type in $30,000,000.
Next, filter the 24 Hour Volume to "Greater than or equal to" $1,000,000. This will help filter out coins that are not too low cap, which can be manipulated and also has enough liquidity, so you can get in and out of a trade.
Next, research through these top coins and see if it falls within your parameters to make a trade. My requirements before buying a coin would be:
1. Grade of 80% or higher for the Daily & Weekly scores (that way the AI is predicting an increase in price in the next day to week.)
2. Price Prediction is upward sloping in the next few days and the prediction price is higher than the current actual price.
3. Price Prediction accuracy is 85% or above.
Make the purchase when you feel comfortable with the indicators you see. If you are not sure, it's always OK to sit it out and move on to the next coin. If you do make the trade and buy, then congratulations!
2. Swing Trading (recommended)
Hold Time frame: 1 or more days to several weeks
Time Commitment: 1 to 4 hours (Most time is up front doing research.)
Percent of Total Investments: 5% to 10% depending on risk tolerance level
How to use Token Metrics: Start by opening Data>Ratings. From the Ratings page, change settings to "Trader" and "Weekly". This will help filter the coins that the AI thinks may have a higher probability of going up within the next 7 days. Next, filter by Market Cap (Mcap) to "Greater than or equal to" $30,000,000.
Tap the blue filter button to type in $30,000,000.
Next, filter the 24 Hour Volume to "Greater than or equal to" $1,000,000. This will help filter out coins that are not too low cap, which can be manipulated and also has enough liquidity, so you can get in and out of a trade.
Next, tap "Grade" to sort by the highest grade. I would look for a score of 80% and up. This list will change daily if not more frequently, so there normally should be enough to try to research and make a few trades.
Band Protocol(BAND) Analysis and Price Prediction:
Next move on to the Price Prediction Tab. The price prediction for the next week shows the price dropping lower than the current price. Price accuracy is at 87% based on prior history. So there seems to be conflicting directions in price. This tends to happen when the AI is picking up on other factors besides past price action. Since the 2 indicators are not aligned, I would pass on this coin.
Nexus Mutual(NXM) Analysis and Price Prediction:
Looking at the weekly ratings, second on the list is Nexus Mutual with a score of 80.9%. Click on the coin, Nexus Mutual to view some of the detail indicators. The overall grade on the weekly indicator is "good" at a score of 80.89%. The daily score is 74.37% and monthly at 58.31%. So this means that the AI expects Nexus to do well in the next week, but don't hold on too long because it's not expected to do as well for the next few weeks.
Next move on to the Price Prediction Tab. The price prediction for the next week shows the price dropping lower than the current price. Price accuracy is at 90% based on prior history. So there seems to be conflicting directions in price. This tends to happen when the AI is picking up on other factors besides past price action. Since the 2 indicators are not aligned, I would pass on this coin.
Polkadot(DOT) Analysis and Price Prediction:
Looking at the weekly ratings, third on the list is Polkadot with a score of 80.7%. Click on the coin, Polkadot to view some of the detail indicators. The overall grade on the weekly indicator is "good" at a score of 80.67%. The daily score is 68.48% and monthly at 59.15%. So this means that the AI expects Polkadot to do well in the next week, but don't hold on too long because it's not expected to do as well for the next few weeks.
Next move on to the Price Prediction Tab. The price prediction for the next week shows the price dropping lower than the current price. Price accuracy is at 91% based on prior history. So there seems to be conflicting directions in price. This tends to happen when the AI is picking up on other factors besides past price action. Since the 2 indicators are not aligned, I would pass on this coin.
Orchid(OXT) Analysis and Price Prediction:
Next move on to the Price Prediction Tab. The price prediction for the next week shows the price popping back up to some prior price range around $0.35. Current actual price is $0.26. The price prediction is expecting a 35% increase within the next week. Price accuracy is at 85% based on prior history. So the different indicators seem to be pointing in the same upward direction for the next week. This looks like a good pick that will pay a nice return. Expect 15% to 30% returns on this trade.
Go back to the Summary tab and take a look at where this coin is being traded. For example, Coinbase, Gemini, Bittrex, Kraken. I would buy from the exchange that has a high amount of volume, to ensure the ability to buy and sell. Make sure to set a stop loss for 5% and limit sell between 15% to 30%.
3. Portfolio & Indices (Mid to Long term Investing)
Hold Time frame: 1 month to 1 year
Time Commitment: 1 to 4 hours (Most time is up front doing research. Some additional follow up and reallocation will be needed.)
Percent of Total Investments: 20% to 50% depending on risk tolerance level
How to use Token Metrics: Start by opening Data>Indices. From the Indices page, change the Investor type to "Investor" and "Monthly", "Quarterly" or "Yearly" to fit your timeframe. Next you can select the exchange you want to use for the allocation. If you don't want to select all exchanges, you can pick the exchanges you use or prefer (Binance, Coinbase, Kraken, Uniswap or Kucoin.) Then hit "submit."
To the right, you will see how the Indices are performing, so far.
Once loaded, the indices will show a nice pie chart of ten (10) cryptos it recommends. The AI allocates based on several factors including how it expects each coin to perform over the next year, it also selects coins that have different correlations, so that if one "coin sector" does not do well, it will balance out the returns. The AI also recommends higher or lower percentage in one coin versus another. The coins with a higher percent allocation are going to be more stable picks to help grow the portfolio. The lower percent picks may have higher risks, but higher potential for growth. Sometimes the AI will even pick certain stable coins like, TrueUSD to hedge against risk.
If selecting the Yearly plan, I would check in every quarter to see if any rebalancing needs to be done. If one coin does grows more than others, you can sell some of the gains and rebalance the portfolio. Or some people may want to just set it and forget it and then check back in one year later. I prefer to take on a more active role in my investments. So it depends on your personal preferences. At the moment, it is showing that the Yearly Investor plan is yielding 9.7%. We will see how it performs throughout the year. I expect this portfolio to be able to reach 30% to 60% gains for this coming year.
4. HODL (Long Term Investing)
Which coin would you buy and hodl (hold on to)?
Hold Time frame: 1 year or longer
Time Commitment: 1 to 4 hours (Most time is up front doing research. Some additional follow up and reallocation will be needed.)
Percent of Total Investments: 30% to 60%
How to use Token Metrics: Start by opening Data>Ratings. From the Ratings page, change the Investor type to "Investor" and Yearly". The first approach is going with the largest market caps. That means everybody else is already doing it, so just jump on in and join the rest of the gang. Sort by MCap rank and look at 1 through 10. Token Metrics does not have these ranked as the highest scores, but they are the largest cap coins. That means these have the most money put into them. They may not be the best performing for the upcoming 12 months, but they're a bit more stable than some low cap coins.
