Cryptocurrant enthusiasts often state that one day in a crypt is like a week in the traditional stock market, while a month is like a year. Because the speed of the industry and the market moves quickly, it is important to keep track of your portfolio properly.
We all like to have resources, but keeping track of them can be a problem, especially in the crypto-sphere. Therefore, having the right tool to keep track of cryptocurrencies and cryptographic resources is absolutely crucial.
Blockfolio is undoubtedly the best known cryptocurrency portfolio within the crypto community, but that does not mean it is the best. In fact, it can easily be said that Blockfolio failed to meet users' expectations.
During the massive bull run at the end of last year, Blockfolio failed to load regularly and suffered numerous service interruptions, which could cost users profits by failing to provide updated price updates. The app is not synchronized with some of the major cryptocurrency platforms, such as Binance.
Even Google Play reviews are unfavorable, with common complaints ranging from having to manually enter portfolio addresses and portfolio changes from mining operations and manual operations to update defects. Aggregation problems are the inability to properly address many of these user complaints.
So – there must be better options, right?
Go down with the Orca
Just a couple of months ago, ORCA Alliance pre-released its traditional orca-based portfolio monitoring tool: PYGMY. The new tool has many integrated functions with the goal of providing a first-class user experience.
First of all, PYGMY is completely free in its attempt to solve the problems affecting the cryptocurrency monitoring community.
In particular, this tool aggregates the data of the 20 major cryptocurrant exchanges, allowing operators to keep active accounts on different cryptocurrant exchanges and to measure their true exposure, all on a single screen.
In addition, PYGMY does not require manual updates like most portfolio monitoring apps. Instead, constantly update your crypto information and view everything in real time.
PYGMY uses APIs (Application Programming Interfaces) to synchronize different accounts, allowing automatic updating when users exchange resources or invest in new currencies. For this reason, manual transaction entry is a thing of the past.
Swimming towards the ocean
PYGMY is just the beginning of ORCA's plans – which aims to build a full-fledged platform for cryptocurrency enthusiasts everywhere.
BlackFish, the second evolution of ORCA, will soon be available in digital markets in the coming months. This iteration will allow users to initiate transactions for accounts connected directly through the ORCA dashboard, which means users will not have to log in to multiple exchanges each time they want to trade.
The long-term vision of ORCA is to connect banks, convert cryptocurrencies into fiat currencies, allow peer-to-peer loans and offer insurance products – all in one app – by 2020.
What do you think about PYGMY and ORCA? Let us know in the comments below!
Images courtesy of ORCA Alliance, Shutterstock.
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