A primary use of on-chain data for our quantitative analysis purposes is… 1.Price targeting
2.Following whales
3.Valuation
4.Forecasting sentiment.
A primary use of on-chain data for our quantitative analysis purposes is…
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The correct answer is 3. Valuation.
On-chain data is crucial for valuation because it provides insights into actual transaction activity, user engagement, and network health. By analyzing this data, investors can better understand the true value of an asset beyond just market price movements, offering a more informed basis for decision-making.
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