Alpha Screener: Narrative Strength and Popular Items Screener

2024-05-10 12:40

Read this article in 6 Minutes

AI summary

View the summary

Original author: hitesh.eth
Original translation: rhythm worker, BlockBeats

Editor's note:
The encryption industry is iterating very fast, and the market is no longer satisfied with judging the market heat through subjective and traditional methods. Through the data tool Alpha Screener built on DUNE, users can quickly locate popular tracks and projects. BlockBeasts compiled the product usage guide:

The DYOR team built Alpha Screener, which can help users find the right alpha in 10 minutes.

It is now popular on DUNE. Here is the product usage guide:

Alpha Screener is an on-chain data analysis platform launched by @dyorcryptoapp, which is building data dashboards and models for the next generation of crypto investors.

The platform is currently in an invite-only phase. Here is the referral code that users can use: FfihWVRCpe.

What is Alpha Screener?

Alpha Screener helps users find the best crypto narratives over different time frames.

Once you have identified the best performing narrative, you can then dive into the list of tokens within that narrative.

Users can sort the best tokens within the best performing narratives, meaning winners and losers can be clearly identified based on their relative strength.

What is Relative Strength?

Relative Strength measures how much an asset has gained relative to the median index of narratives over different time frames.

A relative strength above 1 indicates that the coin is currently outperforming the narrative index.

If the relative strength is below 1, it indicates that the project is underperforming the asset in the timeframe it is tracking.

If you find a coin that is performing well in all the different timeframes (24 hours, 7 days, 30 days, 90 days), then you need to focus on that.

Get alpha with just a few clicks of a button.

Step 1: Identify Leading Narratives

Focus on narratives with a relative strength of more than 1, look for those with high intensity across different timeframes (24h, 7d, 30d, 90d).

For example, “DeFi 3.0” is one of the narratives trending across 7d, 30d, and 90d timeframes.

Step 2: Identify Projects

Scroll to the DeFi 3.0 Narrative Index and focus on tokens with a relative strength of more than 1, look for those with high intensity across different timeframes (24h, 7d, 30d, 90d).

GEAR was the alpha that was immediately visible in less than 5 minutes.

Step 3: Learn about the project

You will find more useful tweets and learn about Gearbox and its recent impressive on-chain data growth.

Research before taking risks.

Step 4: Repeat the process and see the magic.

We track on-chain data and token economics for 33+ tokens on @dyorcryptoapp, which users can check anytime they need confirmation.

Disclaimer:

This article uses GEAR as a live example to explain the workflow of the dashboard. Do not take it as any form of financial advice, users can research and learn more about it and other tokens found using the alpha filter.