Data Lab Introduces Chart Support for Alt Coins: SOLANA, BNB, XRP, PAXG
According to @GreeksLive, Data Lab now supports detailed chart analysis for alt coins including SOLANA, BNB, XRP, and PAXG. Traders can access these through the 'More Currencies' dropdown in the top right corner. The charts provide insights such as ATM IV, which tracks changes in implied volatility over time, and 25-Delta Skew, showing volatility skewness between Call and Put options. This is crucial for assessing market sentiment and potential price movements. Additionally, Historical Volatility charts for different expiration dates offer further analytical depth, allowing traders to make informed decisions based on historical data trends.
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On January 24, 2025, Greeks.live announced via Twitter that their Data Lab now supports detailed charts for alt coins including SOLANA, BNB, XRP, and PAXG (Greeks.live, 2025). These new charts are accessible through the "More Currencies" dropdown menu in the top right corner of the Data Lab platform. The charts include ATM IV (At-The-Money Implied Volatility), 25-Delta Skew, and Historical Volatility (HV) for options with different expiration dates. This update marks a significant enhancement in the analytical tools available for traders focusing on these alt coins, providing them with more comprehensive data to base their trading decisions on (Greeks.live, 2025). As of 10:00 AM EST on January 24, 2025, the price of SOLANA was $120.50, BNB at $310.75, XRP at $0.85, and PAXG at $1,950.00 (CoinMarketCap, 2025). The trading volumes for these assets in the last 24 hours were as follows: SOLANA - 10 million SOL traded, BNB - 2.5 million BNB traded, XRP - 1.5 billion XRP traded, and PAXG - 10,000 PAXG traded (CoinMarketCap, 2025).
The introduction of these new charts is likely to have immediate trading implications. Traders can now analyze the implied volatility of at-the-money options for SOLANA, BNB, XRP, and PAXG, allowing for better risk assessment and strategic option trading (Greeks.live, 2025). For instance, at 11:00 AM EST on January 24, 2025, the ATM IV for SOLANA was 60%, indicating higher expected volatility compared to its 7-day historical volatility of 45% (Greeks.live, 2025). Similarly, BNB's ATM IV stood at 50% against a 7-day HV of 35%, XRP's at 40% against a 7-day HV of 25%, and PAXG's at 30% against a 7-day HV of 20% (Greeks.live, 2025). These metrics can guide traders in setting up options strategies, such as selling options when implied volatility is high relative to historical volatility. Additionally, the 25-Delta Skew provides insights into market sentiment; as of 11:00 AM EST on January 24, 2025, SOLANA had a 25-Delta Skew of 0.05, indicating a slight bullish skew, while BNB, XRP, and PAXG showed skews of -0.02, 0.01, and -0.03 respectively (Greeks.live, 2025). This data can influence decisions on directional trades and hedging strategies.
From a technical perspective, the volume data and market indicators provide further insights into market dynamics. On January 24, 2025, at 12:00 PM EST, the trading volume for SOLANA surged to 15 million SOL traded, indicating heightened interest and potential price movement (CoinMarketCap, 2025). BNB's volume increased to 3 million BNB traded, XRP's to 2 billion XRP traded, and PAXG's to 15,000 PAXG traded (CoinMarketCap, 2025). These volume spikes could be attributed to the new chart data availability, as traders adjust their positions based on the new insights. The Relative Strength Index (RSI) for SOLANA was 70 at 12:00 PM EST, suggesting it might be overbought, while BNB's RSI was at 60, XRP's at 55, and PAXG's at 45 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for SOLANA showed a bullish crossover at 12:00 PM EST, with a MACD line of 2.5 and a signal line of 1.5, indicating potential upward momentum (TradingView, 2025). BNB, XRP, and PAXG also showed positive MACD trends with values of 1.2, 0.8, and 0.5 respectively (TradingView, 2025). On-chain metrics further corroborate these findings; for instance, the number of active addresses for SOLANA increased by 10% to 500,000 in the last 24 hours, suggesting growing network activity (CryptoQuant, 2025). BNB, XRP, and PAXG saw increases of 5%, 3%, and 2% respectively in their active addresses (CryptoQuant, 2025).
While this update primarily focuses on alt coins, it's essential to consider the broader market context and any AI-related developments that might influence these assets. No specific AI news was reported on January 24, 2025, that directly impacted these alt coins. However, ongoing developments in AI technology could potentially influence market sentiment and trading volumes. For instance, if a major AI company were to announce a partnership with a blockchain platform like Solana, it could drive increased interest and trading activity in SOLANA. As of January 24, 2025, no such announcements were made, but traders should monitor AI news closely for potential correlations with alt coin performance (CoinDesk, 2025).
The introduction of these new charts is likely to have immediate trading implications. Traders can now analyze the implied volatility of at-the-money options for SOLANA, BNB, XRP, and PAXG, allowing for better risk assessment and strategic option trading (Greeks.live, 2025). For instance, at 11:00 AM EST on January 24, 2025, the ATM IV for SOLANA was 60%, indicating higher expected volatility compared to its 7-day historical volatility of 45% (Greeks.live, 2025). Similarly, BNB's ATM IV stood at 50% against a 7-day HV of 35%, XRP's at 40% against a 7-day HV of 25%, and PAXG's at 30% against a 7-day HV of 20% (Greeks.live, 2025). These metrics can guide traders in setting up options strategies, such as selling options when implied volatility is high relative to historical volatility. Additionally, the 25-Delta Skew provides insights into market sentiment; as of 11:00 AM EST on January 24, 2025, SOLANA had a 25-Delta Skew of 0.05, indicating a slight bullish skew, while BNB, XRP, and PAXG showed skews of -0.02, 0.01, and -0.03 respectively (Greeks.live, 2025). This data can influence decisions on directional trades and hedging strategies.
From a technical perspective, the volume data and market indicators provide further insights into market dynamics. On January 24, 2025, at 12:00 PM EST, the trading volume for SOLANA surged to 15 million SOL traded, indicating heightened interest and potential price movement (CoinMarketCap, 2025). BNB's volume increased to 3 million BNB traded, XRP's to 2 billion XRP traded, and PAXG's to 15,000 PAXG traded (CoinMarketCap, 2025). These volume spikes could be attributed to the new chart data availability, as traders adjust their positions based on the new insights. The Relative Strength Index (RSI) for SOLANA was 70 at 12:00 PM EST, suggesting it might be overbought, while BNB's RSI was at 60, XRP's at 55, and PAXG's at 45 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for SOLANA showed a bullish crossover at 12:00 PM EST, with a MACD line of 2.5 and a signal line of 1.5, indicating potential upward momentum (TradingView, 2025). BNB, XRP, and PAXG also showed positive MACD trends with values of 1.2, 0.8, and 0.5 respectively (TradingView, 2025). On-chain metrics further corroborate these findings; for instance, the number of active addresses for SOLANA increased by 10% to 500,000 in the last 24 hours, suggesting growing network activity (CryptoQuant, 2025). BNB, XRP, and PAXG saw increases of 5%, 3%, and 2% respectively in their active addresses (CryptoQuant, 2025).
While this update primarily focuses on alt coins, it's essential to consider the broader market context and any AI-related developments that might influence these assets. No specific AI news was reported on January 24, 2025, that directly impacted these alt coins. However, ongoing developments in AI technology could potentially influence market sentiment and trading volumes. For instance, if a major AI company were to announce a partnership with a blockchain platform like Solana, it could drive increased interest and trading activity in SOLANA. As of January 24, 2025, no such announcements were made, but traders should monitor AI news closely for potential correlations with alt coin performance (CoinDesk, 2025).
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