Crypto Market Data Site CoinMarketCap Integrates Flipside’s Crypto Rating System

News | March 20, 2019 By:

Cryptocurrency market data site CoinMarketCap has partnered with blockchain analytics startup Flipside Crypto to add a new rating system to its platform.

Launched in 2013, CoinMarketCap is a website for tracking capitalization of various cryptocurrencies. The website is aggregating prices of cryptocurrencies and calculating price averages that are displayed to users.

Flipside Crypto is market intelligence platform that provides fundamental data on all major cryptocurrencies. Backed by Coinbase, Founder Collective, Digital Currency Group, True Ventures and others, the startup recently launched several products that feature different types of analysis, including a portfolio tracker for professional investors and crypto hedge funds. It also launched the Hubble Monitor for companies and projects looking to understand how users interrelate with their blockchain network.

The partnership will see CoinMarketCap adding the Fundamental Crypto Asset Score (FCAS) metric to its website. The FCAS scoring system — rating crypto assets on a 1,000 point scale and with a letter grade — largely ignores price movements, instead tracking actual customer activity and developer behavior and simplifying it into a score any investor, researcher or analyst can use to understand crypto project health.

Flipside Crypto CEO Dave Balter said that his company has been tracking FCAS since early 2017 and now provides data on more than 450 projects.

“We’re excited to announce that CoinMarketCap — one the world’s most trusted and accurate source of price and market cap data for crypto currencies — has begun listing FCAS on all of its crypto detail pages,” said Flipside Crypto CEO Dave Balter. “This follows financial publishers MarketWatch, TheStreet and Stocktwits, which began distributing FCAS in Q1 2019.”

Carylyne Chan, head of global marketing at CoinMarketCap, said in a statement that the FCAS metrics will bring more transparency as to how these crypto projects are evolving.

“If I’m a new user coming in with more tools and fundamental analysis like FCAS, the focus will be more holistic as opposed to only looking at the front page with the price,” Chan said.