BLZ Profile

BLZ
 Crypto
  

USD 0.06  0.0003  0.48%   

Market Performance
0 of 100
Odds Of Distress
Less than 48
BLZ is trading at 0.0619 as of the 8th of December 2022, a -0.48 percent decrease since the beginning of the trading day. BLZ has 48 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for BLZ are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of December 2021 and ending today, the 8th of December 2022. Click here to learn more.
BLZ is peer-to-peer digital currency powered by the Blockchain technology. More on BLZ
BLZ is a market place for p-2-p internet money called Cryptocurrency. BLZ has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as BLZ are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as BLZ are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

BLZ Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. BLZ's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding BLZ or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
BLZ generated a negative expected return over the last 90 days
BLZ has high historical volatility and very poor performance
BLZ has some characteristics of a very speculative cryptocurrency
BLZ is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 11 exchanges in multiple currencies. Bluzelle is a decentralized, scalable database service that aims to provide an effective data storage solution for the newly emerging blockchain ecosystem. It provides a solution to the scaling problems that developers of decentralized applications (dApps) face while using centralized infrastructure and traditional cloud-based databases.Bluzelle uses reliable swarm technology, in which it stores tiny bits of data in groups of nodes or “swarms which are distributed across the globe. Since this makes it independent of single data centres, Bluzelle’s scaling ability is limitless. Bluzelle adjusts the number of nodes and their location dynamically, reducing request time and improving overall performance. Bluzelle's swarm technology makes it extremely reliable as it redundantly stores pieces of data across the globe, eliminating a single point of failure. Since there are no data centres, Bluzelle’s resources are provided by network “producers, who earn funds and pass on the savings to users.
IndustryInformation and Communication
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolBLZ
RatingC-
Technology Adoption RatingC-
NameBLZ
Sponsoredfalse
Built OnETH
Asset Whitepaper Urlhttps://docs.bluzelle.com/developers/
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-11-01
Full NameBluzelle (BLZ)
Asset Website Urlhttps://bluzelle.com/
Platform Typetoken
Coin NameBluzelle
Total Coins Mined500 Million
Smart Contract AddressView
BLZ (BLZ) is traded on CRYPTO Exchanges. BLZ is peer-to-peer digital currency powered by the Blockchain technology.

BLZ's Exchanges and Markets

FCoin Coinbase Kraken Switcheo Poloniex Binance HitBTC Yobit DDEX IDEX CoinEx

BLZ Target Price Odds Analysis

What are BLZ's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of BLZ jumping above the current price in 90 days from now is about 87.96%. The BLZ probability density function shows the probability of BLZ crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon BLZ has a beta of -0.5118 suggesting as returns on benchmark increase, returns on holding BLZ are expected to decrease at a much lower rate. During the bear market, however, BLZ is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. BLZ is significantly underperforming NYSE Composite.
  Odds Below 0.0619HorizonTargetOdds Above 0.0619
11.98%90 days
 0.06 
87.96%
Based on a normal probability distribution, the odds of BLZ to move above the current price in 90 days from now is about 87.96 (This BLZ probability density function shows the probability of BLZ Crypto Coin to fall within a particular range of prices over 90 days) .

BLZ Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. BLZ market risk premium is the additional return an investor will receive from holding BLZ long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in BLZ. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although BLZ's alpha and beta are two of the key measurements used to evaluate BLZ's performance over the market, the standard measures of volatility play an important role as well.

BLZ Technical Analysis

When it comes to investing in cryptocurrency, such as BLZ, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of BLZ, which is currently traded at 0.0619, shows everything you need to know about BLZ market value. You don't have to consider the fundamental factors that affect a crypto asset, such as BLZ, to determine its price movements. However, the BLZ's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so BLZ's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project BLZ's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. BLZ Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe BLZ price patterns.
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BLZ Against Markets

Picking the right benchmark for BLZ crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BLZ crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BLZ is critical whether you are bullish or bearish towards BLZ at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in BLZ without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in BLZ

You need to understand the risk of getting into digital currencies such as BLZ before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in BLZ in four ways:

Buy BLZ through an exchange

Get yourself a crypto wallet before embarking on your BLZ journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase BLZ. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of BLZ through an exchange

You don't have to buy a full token when starting out since BLZ is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade BLZ through a broker

If you don't want to store your BLZ Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BLZ through an exchange-traded fund (ETF)

You can also invest in BLZ through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having BLZ in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Continue to Trending Equities. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for BLZ Crypto Coin

When running BLZ price analysis, check to measure BLZ's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy BLZ is operating at the current time. Most of BLZ's value examination focuses on studying past and present price actions to predict the probability of BLZ's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move BLZ's coin price. Additionally, you may evaluate how adding BLZ to your portfolios can decrease your overall portfolio volatility.
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