Keeping Track of Your Crypto Assets: As Blockfolio Bites the Dust PYGMY Swims into the Vast Ocean

| Updated
by Alexandra Sayapina · 5 min read
Keeping Track of Your Crypto Assets: As Blockfolio Bites the Dust PYGMY Swims into the Vast Ocean
Photo: ORCA Alliance

There are lots of crypto portfolio management apps, but even the best of them are far from perfect. The range of problems varies from annoying manual entry of wallet addresses to losing money because of slow price updates. ORCA Alliance claims to offer the solution that solves all these issues – PYGMY.

At a certain point you find yourself thinking about all the advantages of being an investor. Probably, you may even move from theorizing to studying the possible investment options. The choice of assets is incredible: standard valuables like gold and diamonds or something more specific like old Japanese motorcycles. No matter what you choose, assets are not working if you do not keep track of them.

The issue of asset tracking gets even thornier in the crypto sphere. The high volatility of the cryptocurrencies leaves no doubt that time is money. No wonder one of the first steps in becoming a successful crypto investor is choosing a tool for assets management.

Competition Makes Perfect

The choice of a crypto portfolio management app is dictated by its popularity. The more people download the mobile app, the more credible it seems to be. However, this logic is not always working.

If you have ever taken an interest in the crypto assets’ apps, you must have run into Blockfolio. This crypto portfolio management app claims to be the leader in its sphere. Nobody disputes the fact it is packed with convenient and simple to use features. However, it would not take too long to find the room for improvement.

Last year Blockfolio was one of the best choices for both professional investors and crypto newcomers. Nevertheless, the app seems to have problems meeting the challenges of the rapidly developing market. The slow price updates are not just irritating – customers blame the slowness of the app for losing money. The concerns of users go further: some of them have accused Blockfolio of not being synced with top crypto exchanges like Binance.

The slow price update is a major problem, but even tiny inconveniences can irritate customers. Even a quick glance at Blockfolio’s reviews on Google Play reveals some other problems of the app. The manual entry of wallet addresses and portfolio changes does not seem to be a big deal. But the need to repeat these actions again and again – making mistakes along the way – causes serious annoyance of the users. Not to mention such global problems as portfolio disappearances and buggy updates.

Creating great app is only half the battle, the real fight is meeting the everyday challenges of the ever-changing crypto industry.

The Ocean of Cryptocurrency Management

ORCA Alliance is known for two features. The first one is its naming policy: names of all products are inspired by the types of orcas. This is just an eye-catching fact. But the second feature of ORCA Alliance is the one which is really important: the company is known for bridging crypto and traditional finance with a number of well-thought tools. The company has just pre-released the new app that will prove its ability to create tools designed with special attention to user needs – portfolio tracking tool PYGMY.

PYGMY has several advantages over its competitors. First of all, it is free of charge. But the pricing policy does not affect the quality of the app. The developers of PYGMY have studied the needs and wills of the crypto community to create the ultimate solution. One of the issues they have discovered is that most traders have to work on several cryptocurrency exchanges for better results. And that is the reason why PYGMY aggregates data from the top 20 cryptocurrency exchanges.

The need for manual updates have often become the reason for complaints to the various crypto portfolio tracking tools. PYGMY have taken into account this fact and provided users with an optimized mechanism of auto-updates. All the information is displayed in a real-time feed – and that means a lot for the crypto sphere.

One of the key features of PYGMY a use of API connections which enables synchronization of different accounts. Time-taking manual trades’ inputs are a thing of the past – PYGMY enables automatic update of user’s values and portfolio structures.

The Start of a Long Crypto Journey

PYGMY is already packed with features that can cause the interest of the pickiest users. However, ORCA is not going to stop here. A single app may be great, but the thing the crypto sphere really needs is the fully-fledged platform. The ORCA infrastructure will include a number of other tools to satisfy all the possible demands of the crypto community.

BlackFish is an awaited app that will become available just in a few months. This tool can initiate transactions for connected accounts directly through ORCA dashboard. That means that the tiresome need for logging in to different exchanges for every trade will become a thing of the past.

The ORCA’s sphere of interests for the next year and a half also includes connecting banks, converting crypto-to-fiat, P2P lending, insurance products. The names of the upcoming tools are enough to spark the interest: MobyDoll, Albino and Killer Whale will revolutionize the crypto sphere by 2020.

Altcoin News, Binance News, Bitcoin News, Cryptocurrency News, News
Alexandra Sayapina

Alexandra is a software engineer who specializes in core banking systems development for financial and IT spheres. Taking strong interest in blockchain, cryptocurrencies, and IoT, Alexandra got deep understanding of the emerging techs believing in their potential to drive the future.

Related Articles