Documentation

Understand the methodology behind Bloxena's scoring systems. Learn how the Opportunity Index, Launch Score, credit system, and market metrics are calculated and used

Core platform tools that help you evaluate and track cryptocurrency projects.

Bloxena Index (BI)

The Bloxena Index is a composite score from 0 to 99 that measures how much upside potential a cryptocurrency has right now. It combines five independent sub-scores, each capturing a different dimension of opportunity, weighted and averaged into a single number.

The BI is a weighted composite of five sub-scores. Weights are tuned by our research team and updated periodically.

How Scoring Works

Each sub-score produces a value from 0 to 99. Each sub-score contributes proportionally based on its assigned weight. The final score is a normalized composite ranging from 0 to 99.

Weights are admin-configurable and always sum to 100%. Higher weight means that sub-score has more influence on the final BI.

To make differences between coins more pronounced, the final score is amplified by 1.5x away from the midpoint (50). A raw score of 60 becomes 65, and a raw score of 40 becomes 35. This makes it easier to distinguish strong opportunities from weak ones at a glance. Scores are clamped to the 0-99 range after amplification.

ATH Distance (1-99)

Measures how far the current price is from the all-time high (ATH), adjusted for market cap rank. Not all drops from ATH are equal. Large-cap coins like BTC and ETH have deep institutional support and rarely drop more than 3-4x from their ATH, even in severe bear markets. Small-cap coins, on the other hand, regularly drop 10-50x from ATH and can still recover. Without rank adjustment, BTC at -50% would score the same as a #500 coin at -50%, even though BTC's position represents a much more unusual buying opportunity.

To account for this, the formula uses a dynamic base that scales from 2 (for #1 ranked coins) to 5 (for #100+). For BTC, being 2x down from ATH already signals a strong opportunity (score 50), while 4x down scores 90, and 8x+ down scores 99. For a #100 ranked coin, those same thresholds are 5x, 25x, and 125x respectively - reflecting that deeper drops are normal for smaller coins. All coins ranked between #1 and #100 scale proportionally by their position.

Sentiment (0-99)

Measures community sentiment using Bloxena's own multi-source aggregate score. The pipeline analyzes up to five sources — Telegram groups, Telegram channels, Discord servers, Reddit subreddits, and CoinGecko community votes — then computes a weighted average across all available sources for each coin.

The aggregate is a weighted composite of all available source scores, normalized to the 0-99 range.

  • Each source weight is admin-configurable — when a coin has fewer than five sources, weights are normalized among the available ones.
  • Even a single source is enough to produce an aggregate score.
  • If no pipeline data exists for a coin, the system falls back to CoinGecko API sentiment vote percentages.

Sentiment is a lagging indicator — it reflects current community mood, not future price action. It works best in combination with technical and trend signals. See the Community Sentiment section for details on each source.

Technical / RSI (0-99)

Uses the 14-period Relative Strength Index (RSI) calculated with Wilder's exponential smoothing from daily candles. RSI values are transformed into an opportunity score where oversold conditions (low RSI) map to higher scores and overbought conditions map to lower scores.

The formula is: score = 50 + (50 - RSI) x 1.5. The 1.5x multiplier amplifies the distance from the RSI midpoint (50) to produce more pronounced scores. Since RSI typically oscillates between 30 and 70, without amplification the sub-score range would be too narrow to be useful.

  • RSI 30 (oversold) = score 80
  • RSI 50 (neutral) = score 50
  • RSI 70 (overbought) = score 20
  • Extreme RSI values produce scores near the 0 or 99 boundaries

Scores are clamped to the 0-99 range. If RSI data is unavailable (insufficient price history), a neutral score of 50 is used.

Category Hype (0-99)

Compares the coin's average category market cap change (24h) against the median category market cap change (24h) across all categories. The overall market cap is dominated by BTC and often diverges from how most categories actually perform. Using the median of all categories as baseline means roughly half of categories naturally score above 50 and half below, giving a more balanced and representative signal.

  • Uses the average change across all of the coin's matching categories.
  • Uses square root scaling for better resolution on typical category movements while gracefully handling outliers.

The formula is:

  • Relative = Avg Category Change - Median Category Change
  • Score = 50 + sign(Relative) x sqrt(|Relative| / 20) x 49

Beyond +/-20% relative change the score is clamped at 99 or 1.

  • Relative change +1% = score 61
  • Relative change +5% = score 75
  • Relative change +10% = score 85
  • Relative change +20% = score 99
  • Relative change -5% = score 26
  • Relative change 0% = score 50 (neutral)

Trend Direction (0-99)

Uses the Average Directional Index (ADX) for trend strength and the Directional Indicators (+DI/-DI) for trend direction. ADX measures trend strength while directional indicators determine whether the trend is up or down. These are combined into a single score.

  • Strong uptrend (high ADX, +DI dominant) = score near 99
  • Strong downtrend (high ADX, -DI dominant) = score near 1
  • No clear trend (low ADX) = score around 50

The formula is:

  • Strength = min(1, ADX / 40)
  • Direction = (+DI - -DI) / (+DI + -DI), range -1 to +1
  • Score = 50 + Direction x Strength x 49

ADX values above 40 are treated as maximum trend strength.

  • ADX 30, +DI 25, -DI 15 (moderate uptrend): Strength = 0.75, Direction = 0.25, Score = 59
  • ADX 50, +DI 35, -DI 10 (strong uptrend): Strength = 1.0, Direction = 0.56, Score = 77
  • ADX 40, +DI 10, -DI 30 (strong downtrend): Strength = 1.0, Direction = -0.50, Score = 26
  • ADX 10, any DI (weak/no trend): Strength = 0.25, Score near 50

If insufficient price data is available, a neutral score of 50 is used.

Credit System

Credits are the platform's usage currency. Each action on Bloxena costs a specific number of credits. Credits reset on a monthly cycle and do not roll over between months.

Credit Costs per Action

ActionCredit CostDescription
Add Favorite1Add a coin to your watchlist
See Recommendation1AI-powered coin recommendation with analysis
Entry/Exit Levels1Technical entry and exit price levels for a coin
Daily Research2AI daily research for a favorited coin
Launch Research5AI analysis of an upcoming token launch

Monthly Allocations by Tier

TierMonthly CreditsFavorites Limit
Free508
Premium20016
Pro1,50040

Important Notes

  • Credit amounts are admin-configurable and update automatically when changed.
  • Credits do not roll over between months. Your balance resets at the start of each monthly billing cycle.

Alerts

Bloxena lets you set price and Bloxena Index alerts on your favorite coins. When a threshold is crossed, you receive an in-app notification. Alerts are checked automatically every 5 minutes.

Alert Types

TypeDescription
Price AlertTriggers when a coin's price crosses above or below your target
Bloxena Index AlertTriggers when a coin's BI score crosses your threshold

Alert Limits by Tier

TierMax Active Alerts
Free10
Premium50
Pro999

Email Notifications

You can choose to receive email notifications when an alert triggers. To enable or disable alert emails, go to your Account settings and toggle the Alerts email preference.

There is a daily cap of 10 alert emails per day. In-app notifications are always delivered regardless of email settings.

How It Works

  • Price alerts use hysteresis (0.8% buffer) to prevent repeated triggers at the boundary
  • 24-hour cooldown between triggers for the same alert
  • Alerts must be active to trigger - you can pause and resume them anytime