The rank question is a type of question where you need to put a number of options in a certain order depending on the question. For example: arrange the following companies by the increase in their token price during the first three months after the token sale. Your goal is to try to predict the real ranking as closely as possible.
How are points calculated for rank questions?
We use several weighted metrics for calculating your score for a rank question: Levenshtein distance, Hamming distance, and longest common substring. Generally speaking, the closer the order you make to the right answer, the more points you get, and vice versa. The maximum (positive and negative) points available are stated for each question and depend on the complexity of the question.
Rank questions are without a doubt the most difficult to answer on the Cindicator platform.
Once again, sentiment is key to answering these questions. You need to know about the price and development history of the assets, and how they are poised to fare in the larger picture going forward. These questions usually take place over a fairly wide time frame, requiring a deep understanding of multiple assets. You can attempt to answer them with quick research, but long term, daily market research and notes is what will truly put you over the top. It is worth pointing out — these questions usually have a fairly steep risk:return curve and it’s easy to lose a significant number of points answering rank questions haphazardly.
To answer, you need to get a sense of the movement of these assets in relation to one another for their immediate history, so you can construct what will probably occur in their future. You should probably keep an eye on the overall dominance charts, noting large shifts as they occur, so that you can refer back when one of these questions comes up on the platform. Large market shifts will also affect which project is on top, as the dominance is found by what percentage of the total market cap the market cap of each project constitutes, thus it is more likely that NEO overtake IOTA than ETH overtake BTC. Keep that in mind, look at roadmaps and answer according to who might snag up the most market cap.
Use the charts found on coindominance.com, particularly the “compare” page to overlay one to the other and quickly get a sense of which ones are largest. You can use this to construct a rough order, and then use your knowledge of the markets to adjust. Another important point — Coinmarketcap’s master chart of coin dominance only lists the most major players, excluding most of the small market cap coins.