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Andreas Antonopoulos says credibility of key performance indicators [KPIs] depends heavily on choice of metrics

Arijit Sarkar



What are the Key performance indicators (KPIs) for success?; explains Andrea Antonopoulos
Credit: Pixabay

The cryptocurrency industry maintains its position as the most volatile and unpredictable market for investors. As a result, the market is home to a huge number of people trying to accurately predict market changes, in order to reduce investment risks.

Andrea Antonopoulos, a prominent Bitcoin, and open blockchain expert, conducted a live session discussing the alternative uses of blockchain, accompanied by various follow-up questions. Antonopoulos also addressed some of the questions that were asked by the viewers of his previous live session.

One of the questions highlighted was,

“Should we consider code commits, blockchain activity, number of DApps, or number of peers as key performance indicators (KPIs)? What are the metrics for success?”

Antonopoulos suggested that the answer “depends on you’re trying to achieve”. Supporting this statement, he explained how the selection of performance indicators reflected the end goal of an individual. He further persuaded his viewers to ask themselves,

“Are you looking at performance metrics that tell you whether a blockchain is sufficiently decentralized or actively developed or showing a lot of innovation in the community? Is it something where you’re looking for future increases in value?”

Coming back to the main question, Antonopoulos stated that the credibility of KPIs depends heavily on choosing the metrics that suit their specific needs. However, he conceded that it’s difficult in many cases to measure these things accurately. Antonopoulos also told his viewers to avoid seeing KPIs as an investment zero-sum game where one system wins and another system loses.

Antonopoulos added that many people in the crypto-ecosystem try to attach themselves to certain metrics based on biased ideas.

“What really matters is, which of these systems solves a problem for you better than any of the other systems that you’ve used,” Antonopoulos concluded.

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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla



Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.

Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.

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