Buy Pressure Tokens
In the dynamic landscape of decentralized finance (DeFi), having access to the right data at the right time can greatly influence your trading decisions.
With this in mind, we have introduced the "Buy Pressure Tokens" feature on the JDB DApp.
Buy Pressure Tokens are those currently experiencing high buying pressure — that is, they have more volume being bought than sold. This could be a potential indicator of increasing interest and positive sentiment towards these tokens in the market.
The tokens under "Buy Pressure Tokens" are sorted based on a simple formula: Buy Volume - Sell Volume. This calculation ensures that the tokens at the top of the list are those with the most significant buying pressure relative to their selling volume.
In the "Buy Pressure Tokens" table, you can find the following information:
- Risk Classification: We categorize tokens into different risk levels based on various parameters, including potential suspicious functions in the smart contract. This can help you make a more informed decision about the risk associated with a particular token.
- Number of Buys/Sells: These figures give you an overview of the trading activity surrounding each token.
- Blockchain: This indicates on which blockchain the token exists (e.g., ETH, BSC, ARB).
- Token Name: The name of the token.
- Token Address: The specific address of the token on its respective blockchain.
- Risk Classification Comments: Any comments or notes pertaining to the risk classification of the token.
Please note that while the "Buy Pressure Tokens" feature provides helpful insights, it should not be the sole determinant of your trading decisions. Always consider other relevant factors and data points, and remember the importance of doing your own research (DYOR). Happy trading!