Crypto analytics available in the Plynk app

Crypto is speculative, not covered by SIPC or the FDIC, and offered through the Plynk app only by Paxos. Don’t invest more than you’re willing to lose.

The Plynk app gives you access to crypto metrics from Sherlock® you won’t get anywhere else--analytics that go beyond the price of a cryptocurrency and give a deeper look at the blockchain that supports it.

Here’s a glimpse at what you’ll find on the app’s crypto page:

Top movers

View the latest pricing info for cryptocurrencies that are available through the Plynk app, as well as for others on the broader crypto market. This includes:

• Current price
• Percent change in price over the past 24 hours
• Market cap (total value)
• Percent change in market cap over the past 24 hours

Bottom line: You’ll see cryptocurrencies listed by which ones have the highest percentage price increase in the last 24 hours.

Social sentiment

How are people talking about this coin on X (formerly Twitter)? Is the general sentiment positive or negative? This metric looks at the volume and intensity of social posts over the past 24 hours.

Two unique algorithms are used to determine social sentiment:

The S-Factor Score measures the deviation of changes in sentiment intensity towards a specific cryptocurrency, while S-Volume measures the rolling average number of posts about that currency.

Bottom line: The social sentiment meter moves based on the amount of people talking about a coin combined with the general mood of what they are saying.

Development overview

These metrics give you insight into the work being done on the blockchains associated with each cryptocurrency:

• Community growth: This shows the 30-day moving total number of developers who have committed code to the blockchain. Many active developers may be a sign the project is well supported by the community, while few active developers may indicate the opposite.
• Developer activity: Here you’ll see the 30-day moving total number of commits (edits), additions, and deletions of code on the blockchain. A growing number of commits or additions could suggest a more active development process and that this project is gaining momentum (and a low number may suggest lack of momentum). Or, a small number of deletions might imply stability because developers are building on existing code without having to remove large amounts of it. On the other hand, many deletions could be a sign of instability.

Bottom line: The level of developer activity is additional information to keep in mind when assessing the fundamentals of a blockchain or coin.

Next steps to consider

If you haven’t already, set up a crypto account through Paxos.

Visit the app’s crypto page and start diving into the data.

Crypto services offered through Paxos Trust Company LLC are temporarily delayed for recently opened brokerage accounts. Please check back for updates.