Boston-based crypto market intelligence firm Flipside Crypto has released the FCAS25, a mechanism for tracking the overall health of the cryptocurrency industry over time.
FCAS25 follows the fundamental ratings of the top 25 projects based on FCAS, a single, consistently comparable value for measuring cryptocurrency project health. FCAS stands for Fundamental Crypto Asset Score and is comprised of three fundamental metrics: User Activity, Developer Behavior, and Market Maturity.
The firm has revealed that industry health has been on the rise through 2018 and early-2019, as the space has been experiencing a cleanse following increased regulation of ICOs and the edging of institutional capital back into the picture.
“When cryptocurrency prices are down, everyone worries about industry health,” notes Dave Balter, CEO of Flipside Crypto. “But price is a poor indicator for whether cryptocurrency projects and platforms are gaining customers or delivering product to the market. We developed the FCAS25 to provide clarity into the fundamental health of cryptocurrency organizations, that isn’t reflected in price. The data proves the cryptocurrency industry is far from over. As a matter of fact, it’s humming.”
Eric Stone, Chief Data Scientist of Flipside Crypto, added, “Developer Behavior has demonstrated remarkable consistency and resilience over time, gradually increasing among the FCAS25 throughout the last 2 years. This demonstrates there continues to be a healthy commitment among the teams supporting the ongoing improvements to the top crypto projects.”
“More importantly,” said Stone, “User Activity saw a dramatic increase toward the end of 2017, but unlike the public-exchange-based metrics such as price, this metric has sustained its post-crypto-bubble levels, and even increased among the top projects. While investor interest has waned since early 2018, the top projects have successfully increased on-chain traffic and utilization of their projects; a sign of underlying fundamental health.”
About Flipside Crypto
Flipside Crypto characterizes cryptocurrencies by tracking blockchain transaction data, developer activity, and trading signals and summarizing them as FCAS, a single, consistently comparable value for measuring cryptocurrency project health.
Flipside Crypto was founded in 2017 by veteran entrepreneurs Dave Balter, Eric Stone, and Jim Myers. Flipside Crypto is venture backed by Coinbase Ventures, Digital Currency Group, True Ventures, Castle Island and other investors. Their ratings can be found on CoinMarketCap, MarketWatch, TheStreet, and StockTwits.