Happy Dogeday, everybody! That seems to be a common greeting as we end a crypto bull spring for a possible crypto bull summer. Elon Musk has pumped Dogecoin twice, and now SNL is going to help him take it “to the moon.” Maybe. Regardless, the crypto space has been rocked as Dogecoin has sucked money out of altcoins in various use cases: video games, non-fungible tokens, and smart contracts. Regardless, Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash have been having their own bull runs as investors are poised to act on whether or not Ethereum will indeed flip the juggernaut known as BTC.
With whales like Elon Musk and Mark Cuban disrupting the crypto space with a coin that had initially been created as a joke, cryptocurrency traders need the best business intelligence they can find so as not to get drowned in the whales’ backwash. The right data virtualization tools can help even a beginner find the best options for making the best choices.
What is data virtualization?
Data virtualization brings together big data from multiple data sources in a virtual space. This eliminates the need for a data warehouse or ETL and allows the user to the entire database aggregated in a way that is actually useful for making decisions.
Data virtualization is just one of many forms of data management. Data analytics and business intelligence are also important aspects of data management.
Data Virtualization for Your Cryptocurrency Trading Platform
Data virtuality at the cryptocurrency trading platform is seen every time business users look at a virtual portfolio, but it is deeper than that. The crypto space has a lot of information, and it can be difficult to see the big picture. When data virtualization can be used to create a virtual space, this allows even a beginner trader to see the big pictures and have all big data aggregated in a way that allows for the best option when trading cryptocurrency. This data virtualization tool is especially important for margin trading, where every loss is multiplied. That is why the best Crypto trading platform allows all of its customers, from beginner traders to advanced traders, to have all the tools of data management, especially data virtualization.
The concept that data virtualization technology as a data service is really a form of customer service is being put into practice by all the best crypto exchanges and best Bitcoin exchanges: Coinbase, Coinbase Pro, GDAX, Gemini, Binance, Kraken, Gate.Io, Cex.Io, Etoro, Kucoin, Huobi, Bittrex, Bitfinex, Robinhood, etc.
One of the reasons why cryptocurrency exchanges have adapted this data virtualization technology so well is because this had been being used by trading platforms before the advent of Bitcoin and other cryptocurrencies. Data virtualization technology and the concept of a data virtualization platform with data virtualization software operating in real-time were used by advanced traders and brokers for stocks, credit default swaps, and fiat currency trading pairs.
A lot of this data virtualization tool stuff may seem abstract to you and not compute. The thing to appreciate is that whales like Elon Musk don’t need to concern themselves with finding the best cryptocurrency trading platform because they have resources that the beginner trader doesn’t have. In addition to unlimited cash, they have unlimited data access and the ability to manipulate trade volume.
Many have argued that Dogecoin has no real use case; it was created as a joke, after all. Regardless, altcoins with legitimate use cases have had money sucked out of them so that speculators could play with Musk’s newest toy. These whales don’t have to concern themselves with paying the rent and supporting their families. This joke crypto trading signals has, in fact, 50% of its position controlled by only a few people, including Elon Musk and Mark Cuban, and if they decide to sell, it will fall like a dead pigeon. The merits of a particular cryptocurrency are insignificant if you don’t factor in whales like Musk and Cuban, who can sell cryptocurrency at will to manipulate trade volume. That is why the “little guy”, or little gal, needs to be able to create a big picture with real-time access. That big picture is data virtualization.