show
show
Everything you need to know
about cryptocurrencies

New research tool to analyze 400 crypto websites’ sentiment

13 March 2018   |  in Technology   |  in Technology   |   128
New research tool to analyze 400 crypto websites’ sentiment

As suggested by some media outlets, big data and Internet monitoring helped Donald Trump to gain popularity in the first place. Modern monitoring technologies are already able to capture the sentiment of a targeted social group. Clearly having all this in mind, researchers from Thomson Reuters and MarketPsych are now developing a special tool called MarketPsych Indices which will analyze the data of 400 cryptocurrency-related websites and compose stats that will show the latest hot topics and possibly the overall market sentiment.

The users of this system will be able to understand the market much better than usual analysts simply due to the fact that a machine can process 400 websites a day which is not necessarily achievable for any human being. The old “helicopter view” strategy concept is also applicable here: potentially, this new analytical framework will be able to perceive trends before they become obvious for everybody. The press release also mentions the analysis of historical data which might be useful to learn on mistakes of other cryptocurrency-related companies.

14.12.2017  |   in Bitcoin

The possible downside of this system is that it might help some corporate players to manipulate the market. Quite probably, it will not be cheap. This means that amateur investors will lose competitiveness to those who possess this instrument or programs similar to the one described above.

Image courtesy of hasunkhan / DeviantArt

Log in with
Leave a comment
Log in with
RECENTLY PUBLISHED
Regulation days: weekly review
22 June 2018    |   70
Countries where cryptocurrencies are legal
20 June 2018    |   1022
Editor's Choice
How mining equipment evolved: from GPU to ASIC
18 January 2018    |   4389
How to spend cryptocurrencies in this fiat world
06 September 2017    |   4456