Defy Trends’ CEO, Imge su Cetin is a break from the mould of the mysterious night-owl coder. She stands out for her leadership qualities and outgoing personality. Instead of spending hours on her computer programming, or collecting data from thousands upon thousands of sources, Imge su Cetin likes to relax by meeting like-minded individuals and learning from them. For fun, she DJs.

Imge Su was born in Turkey. When she was 5, Imge su moved to the United States. Moving back and forth between Turkey, the US and Canada was a way for her to adapt and develop the global savviness she is now known for. Following obtaining her B.S. in Economics at Bilkent Univesity, one of Turkey’s most prestigious academic institutions, Imge su worked for the United Nations in Iraq for a year. Imgesu taught English to Iraqis while she was living there. Ingesu earned her M.S. In Data Science at University of California San Diego. She worked side by side on research on EV charging optimization while completing her PhD. Imgesu’s proudest accomplishment was being selected among only 2,000 applicants for a full-time data scientist position in the UN. Imgesu loved trading and blockchain technology throughout both her professional and academic career. In her spare time, she created apps that would help her better manage her investments.

In the following piece, Imgesu shares her insights on some of the problems that need to be solved in the world of cryptocurrencies, how data analytics platforms can help to solve some of these problems, and offers a tantalizing hint of what’s to come.

A DeFi Data Analysis Can Help You Solve Cryptocurrency Instability

Understanding data analytics will help you to thrive and survive as a cryptocurrency trader and investor by 2022. Analytics is about applying data analysis to reach goals. I started Defy Trends to help me understand where the cryptocurrency markets are heading and why.

Online, there are many data points that can tell us a lot about the crypto market. Finding the right data set and method of analysis in blockchain is difficult. The primary problem is finding the correct data set and analysis method. It is a difficult task to remove junk data from the set and clean it up. It is more reliable and lucrative if the data are accurate and current.

A great data analyst can provide steady returns for everyone and help them navigate market volatility. It is a complex process to build and analyze a dataset, but there are growing incentives to use analytics-driven insights to help investors make informed investment decisions.

The stakes are high, so anyone with the ability to analyze market data in a professional manner stands to reap huge returns. Information analysis is key to modern trading. Speed and accuracy are also important. It is crucial that investors can easily collect and collate data in order to provide them with valuable insight and metrics. This will be of great importance to the increasing number of institutional investors and individuals who are interested in crypto.

Investors who have not been exposed to crypto markets for a while should be concerned about the volatility. Although this volatility has been decreasing in the past two years, crypto market valuations are still far more volatile that stocks or bonds. It is exciting to believe that the increased liquidity of the crypto market will help reduce volatility and mitigate major shocks. However, it is unlikely we will see any reduction in volatility in digital asset markets anytime soon. Volatility will be around for the foreseeable future, so crypto investors should accept it and make sure they take into account its inherent nature.

Crypto Volatility

Volatility is an inherent part of every financial market. However, crypto markets tend to be more volatile than traditional markets.

There are no big indices yet that can measure volatility in crypto prices, but historical price charts demonstrate the volatility which has marked crypto markets these past years. Booming peaks or massive drops can happen quickly without any warning. The trend is being followed by other cryptocurrencies on the market, which are now mainstream assets held by an increasing number of retail and institutional investors.

Bitcoin’s popularity in 2021 may have helped to stabilise its price at higher levels. But, institutional investors have also been able to influence the price movements of the whole digital asset ecosystem.

Since most cryptocurrencies are impacted by Bitcoin’s fluctuating prices, BTC represents the broader strength or weakness of the crypto market at any given time. Many factors can impact Bitcoin’s volatility, including its attractiveness, governments’ regulatory policy, hash rates, or demand. In June of 2021, the Chinese government’s crackdown on mining likely forced Bitcoin’s prices to drop below $32,000. The rest of 2018 shows that this drop was temporary and there was still a lot to trade. Concerns about the U.S. Federal Reserve’s upcoming interest rate hikes and growing bond yields may be contributing to the current dip in BTC prices.

No matter what the reason, it is essential that crypto investors have access to accurate data on Bitcoin and large-cap tokens in order to navigate the volatile cryptocurrency market. I will now explain how using data analytics platforms like the one we’ve built at Defy Trends can do more than just inform decision-making by investors – they can also help to calm the broader volatility of the crypto market itself by making the markets more rational.

Data Analytics Platforms can help you calm uncertainty

Analytics platforms for data analytics collect information from many sources including customer behavior and social media. The five main stages of most data analytics platforms are data inspection, data identification, clustering and modeling. These data are then processed to reveal patterns and trends. These statistical trends can then be transformed into business intelligence and actionable reports that will inform investors about emerging trends.

By understanding people’s feelings towards the state of the market, investors can gauge market trends and take advantage of cryptocurrencies’ volatility. Data analytics is able to measure and assess aggregate changes in sentiment or behavior among market participants, beyond just the individual post level. It is not an easy task to collect, clean, measure, analyze, and produce analytics. However, anyone with the necessary skills and tools to accomplish this task – or access to analytics and insights from platforms like Defy – will have the greatest ability to navigate the volatility of cryptocurrency markets and to generate the best return on their investment.

Cryptocurrency’s Future Data

Tens of millions of people use social media every day to produce and consume billions upon billions of bits. The art of selecting the data that is most important for your business has become a skill. The best data analytics platforms for cryptocurrency investing can help investors analyze the data and track the trends. They will be able to help institutions that are larger than themselves enter the crypto market.

Don’t miss the larger picture. Data science can change the world, and not just by investing in cryptos. A.I. is able to change the economy and help find solutions to complicated diseases. There are many interesting and intriguing areas in which advanced data analytics could improve lives and livelihoods. The power and potential of applied data is something this generation cannot comprehend.

Data analytics platforms are likely to be widely adopted by crypto investors, who increasingly recognize the importance of data analytics in their investment decisions. A market with more confidence will have lower volatility. It is “fear, uncertainty, and doubt,” that leads new and even seasoned investors to pull their funds at the slightest hint of bad news. While many in the crypto space boast of having ‘diamond hands’ that won’t sell despite uncertainty, most investors are understandably cautious about the downside risk of volatility despite being enticed by the upside. Being able to display past and current trends on a platform will keep investors from panicking.

The markets may be less volatile as major crypto investors begin to base their decisions more on data-backed insights than speculation or intuition about the future of crypto markets. BTC mainstreaming in 2020 and 2021 has brought about changes few people in this space expected many years ago. The opportunities that lie ahead in 2022 are also unimaginable. Investors in crypto will have the best chance to manage the volatility and growth of crypto in the future 2020s by relying on solid data and sound analytics.

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