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Published 11 Feb 2025

Inside RateX Score: How We Assess Crypto Assets

RateX.AI provides the most recent updates on a wide range of crypto market data.

Every minute, we query various exchanges to gather the most recent information through APIs. Once collected, the data is processed through our advanced algorithms to ensure accuracy and integrity by running it through thorough cleaning and verification steps.

We offer a comprehensive selection of metrics across numerous crypto assets, all subjected to rigorous validation processes.

In this article, we dive into the methodology behind RateX Score — our aggregate rating system designed to capture multiple facets of a crypto asset’s overall standing and behavior within the market.

RateX Score

As highlighted above, RateX Score is a comprehensive rating system that evaluates multiple aspects of a crypto asset’s market position and overall performance.

Each token has its own RateX Score, evaluated based on 3 different categories listed below. A numerical score (0 to 100) that evaluates a token's performance:

Holders

This metric tracks the number of unique wallet addresses currently holding the asset for over 30 days. It is calculated based on blockchain data to count active wallets and can be used to measure the asset’s distribution and popularity among retail and institutional investors.

Holders Definition

"Holders" refers to addresses that have any amount of tokens greater than the minimum threshold, which in this case means any positive balance.

Activity Widgets

Transactions for 3 Months

This widget tracks the number of transactions for the token on the current day and shows a graph of changes in the number of transactions over the last three months. The percentage change is calculated by comparing the current day’s number of transactions to the number from three months ago.

On-Chain Volume for 3 Months

This widget displays the total volume of transactions and swaps for the token. It shows the changes in total transaction volume over the last three months, with the percentage change calculated between the current day’s value and the value from three months ago.

Token Holders

Shows the total number of token holders at the current time, along with the percentage change in the last 24 hours and over the past three months, also its performance comparison with the other tokens in the same category.

Balances

Displays the total balance of token holders, i.e., the total sum of all balances at the current time, along with the percentage change in the last 24 hours and over the last three months, also its performance comparison with the other tokens in the same category.

Top 10 Holders

This widget shows the share of the circulating supply held by the top 10 holders. The value is based only on active addresses (those that have sold or bought tokens) within the same period used to calculate the circulating supply.

PNL (Profit and Loss)

Holders Making Money

This widget categorizes holders based on whether they are making a profit or a loss:

In Money (Green) – Holders who are currently in profit.
At Money (Gray) – Holders who are breaking even.
Out of Money (Red) – Holders who are in loss.

The "Holders Making Money" widget tracks both open positions and closed (liquidated) positions over the past three months. It calculates the profit and loss (PNL) for each trade by measuring the percentage price change between the buy and sell prices for both open and closed positions. Based on this PNL calculation, the widget categorizes holders as:

Out of Money (loss): If the PNL is negative (<0), the holder is losing money, and they are placed in the "Out" category.
At Money (break-even): If the PNL is positive (or =0) but below a certain threshold (break-even level), the holder is considered to be breaking even. This threshold accounts for the transaction fees incurred, meaning the token price must rise by a certain percentage just to cover these fees.
In Money (profit): If the PNL exceeds the break-even level, the holder is making a profit.

In summary, holders are divided into three categories based on their PNL from token transactions in the last three months:

Profit (In Money): PNL greater than the break-even threshold.
Break-even (At Money): PNL positive but less than the break-even threshold.
Loss (Out of Money): PNL negative.

P&L Average

Displays the average profit or loss of token holders. This widget shows a weighted average PNL based on closed positions at the current time, as well as the total P&L in dollar value. It also shows percentage changes over the last 24 hours and three months.

The widget also includes a graph that shows the P&L of token holders based on liquidated (closed) positions over the last three months. To calculate the average PNL, the widget considers each trade's buying and selling price to determine the PNL for every closed position. From there, it calculates the weighted average PNL based on these individual PNL values.

Active Addresses Balances

This widget displays the balances and profit/loss (P&L) of token holders over time. It tracks the token price alongside these balances and highlights the balances of wallets that made a profit (classified as In Money) on any given day.

Widgets Tracker

Holders_Whale Tracker

This widget tracks whales — addresses holding more than $500,000 worth of tokens. It shows the share of whales in the total balance held by all token holders, categorizing their dominance as:

Low: Whale share is less than 30%
Medium: Whale share is between 30% and 60%
High: Whale share is greater than 60%

Additionally, the widget provides:

Average Token PNL: The overall weighted average profit and loss (PNL) of all token holders based on their closed positions.
Addresses PNL: The weighted average PNL of whale addresses specifically.

Token Distribution

This widget categorizes token holders based on the balance in their wallets. It shows the distribution of holders by wallet balance and their share in the total token supply.

Number (%): The percentage of holders in each balance category.
Balances (%): The percentage of the total token supply held by each category of holders.

For example:

Wallets holding more than $100M: There are 14 holders with balances over $100 million, representing 0.02% of all token holders. These holders control 54.65% of the total tokens held by all holders.

Distribution Circulate

This widget displays the distribution of circulating tokens, showing how much of the supply is held by the public and circulating in the market.

DEX Traders & Profit

We monitor the activity of decentralized exchange (DEX) traders who interact with the asset, calculating both the number of trades and the profitability of these traders. Profitability is calculated using on-chain transaction data, measuring the difference between buy and sell prices across different trades.

Traders Definition

"Traders" are addressed with a positive balance of tokens, where the balance is less than $500,000.

To be categorized as a trader, the address must have had a zero balance at least once in the last month. This means traders often empty their wallets during transactions, qualifying them for this category.