"quantitative analysis model" to rank crypto. Trustworthy? Or pump and dump bait?

in #cryptocurrency8 years ago

I was just reading on coundesk...

"Beijing-based cryptocurrency exchange Huobi has released a quantitative analysis model that evaluates different blockchain-based currencies using a range of variables."

Well, that sure sounds interesting, let's keep reading...

" It ultimately decided to use five variables for the analysis: a blockchain's relevance for real-life applications; its public and media attention; its trading volume; its credibility and risk for inflation; and its technological design."

Great idea, that saves me heaps of work...

"Bitcoin, ethereum and litecoin, for example, ranked in top three in an initial analysis"

Well sure, I guess...

"Interestingly, perhaps, the three top tokens are also the only cryptocurrencies that can be traded on Huobi"

Oh, wait. Now I see what's happening..
Or do I? Would you trust such ratings?? Or is there just too much money to be made by manipulating them?

Are people so lazy and gullible that this could actually have an effect on the market?