A data point is a fundamental unit of information in data analytics. It represents a single observation or measurement within a dataset. Whether tracking sales figures, customer behaviors, or environmental conditions, each data point forms the foundation for larger analyses and decision-making processes.
Understanding data points is crucial for identifying patterns, trends, and insights that drive strategic business and scientific outcomes.
Data points are individual pieces of information or metrics that represent specific aspects of cryptocurrency markets. In the context of CoinAPI, these data points are essential for investors, traders, and developers to analyze market trends, build trading strategies, and perform comprehensive research.
Here's a breakdown of what data points encompass within CoinAPI's offerings: Open, High, Low, Close, Volume (OHLCV), current price, volume metrics, trades count, order book data, order depth, trade events (trade time, type, quantity), market capitalization, funding rates, liquidity indicators, and volatility measures..