• Days
  • Hours
  • Mins
  • Secs
  • Tue, 17 Sep 2019, 11:22 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Coin Metrics, Social Market Analytics team up to provide crypto Twitter sentiment data

Wed, 19 Jun 2019, 04:16 am UTC

Crypto analytics company Coin Metrics is working with Social Market Analytics (SMA) to incorporate feed of real-time sentiments toward cryptocurrency based on data from social networking sites.

As per a press release, the new collaboration will see data posted by crypto communities on social media being collected and analyzed, with the aim of providing a new tool that will help crypto traders build their portfolio strategies by tracking social media sentiment data.

As the crypto investing market continues to mature, institutional investors are demanding data from trusted partners. These institutions are looking to make data-driven decision by accessing sources of data that they understand from their legacy investing frameworks,” Coin Metrics CEO Tim Rice said.

The forthcoming product will initially focus on sentiment data from microblogging site Twitter, Cointelegraph confirmed from Rice, adding that they are not considering Facebook as of the moment.

The product, called the SMA cryptocurrency Sentiment Feed, will be integrated by Coin Metrics into the market data platform that will offer calculated Twitter metrics data. The calculation algorithm will not only cover relevant tweets but also calculate “19 different aggregate sentiment metrics down to snapshots of one minute,” Rice told The Block.

The feed will also eliminate bad bots or Twitter chaos using an in-house build proprietary phrase and word dictionary.

We believe that the power of combining sentiment data with granular network and market data is fundamental to building a deeper understanding of crypto assets,” he added.

Noting that there is already an increasing interest of quant-based crypto funds, Rice believes the inclusion of Twitter sentiment data will help lure users into the platform.

The news follows after Coin Metrics recently announced the acquisition of crypto-asset index provider Bletchley Indexes, which will be rebranded to Coin Metrics Bletchley Indexes (CMBI) and rolled out in the coming months.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,220.10 (-1.12%)
  • Ethereum (ETH) $198.54 (+2.39%)
  • XRP (XRP) $0.266100 (+1.58%)
  • Bitcoin Cash (BCH) $306.91 (+0.10%)
  • Litecoin (LTC) $72.70 (+2.38%)
  • Bitcoin (BTC) $10,220.10 (-1.12%)
Sep 17, 2019 (Tuesday)
10:55
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
10:18
Hedera Hashgraph blockchain goes live with 26 dapps
08:38
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
07:38
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
06:48
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
06:02
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
05:24
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
05:17
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
04:37
Blockchain food provenance platform OpenSC secures $4M in seed funding
04:03
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
03:48
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
03:39
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
03:35
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Sep 16, 2019 (Monday)
11:57
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:31
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:24
HTC’s blockchain smartphone Exodus 1 adds support for Bitcoin Cash
10:14
Crypto Technicals: DASH/USD capped below 50-DMA, 'Bullish Divergence' keeps scope for upside
06:51
Crypto Technicals: LTC/USD breaks above 21-EMA, scope for further gains
06:41
ConsenSys enters decentralized finance ecosystem with new product suite ‘Codefi’
06:06
Kaleido Blockchain integrates QEDIT Zero-Knowledge Proof Enterprise Privacy Solution
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft