Data Analysis is the process of inspecting, cleaning, and modeling data.
Data analysis involves the process of inspecting, cleaning, transforming, and modeling data with the goal of discovering useful information, drawing conclusions, and supporting decision-making. In the world of cryptocurrencies, data analysis can be used for a variety of purposes, such as predicting price trends, understanding market behavior, verifying transactions, and ensuring the security of a blockchain network. Techniques such as machine learning and statistical analysis are often used to analyze the large and complex datasets found in the cryptocurrency market.
Using historical price data of Bitcoin to predict its future price trend is an example of data analysis in cryptocurrencies.