Cryptanite Launches Twitter Sentiment Analysis for Cryptocurrency Markets
Cryptanite Blockchain Technologies Corp. (CSE: NITE) (OTCQB: CRBTF) (FRA: 98AA), a Colorado-based blockchain technology company providing secure peer-to-peer payment systems, today released a Twitter market sentiment analysis tool to capture and assess public opinion regarding the cryptocurrency market. The tool is available exclusively on CryptaKings, an expert network to help current and potential cryptocurrency investors navigate the oftentimes confusing and volatile cryptocurrency marketplace.
The sentiment analysis aggregates approximately 360,000 tweets daily, categorizes them as positive, negative or neutral, and then it displays that information on a chart. The sentiment analysis is benchmarked against the changes to the price of bitcoin, so users can appraise consistency in relation to the market sentiment.
“Since the price of bitcoin and the volatility of the market are in large part attributed to the public’s perception of the two, the new Twitter market sentiment analysis from Cryptanite helps us meet customer demand for additional insights into the cryptocurrency market,” said John Eagleton, co-founder and CEO of Cryptanite. “This tool also provides users with greater understanding of the fluctuations in the cryptocurrency market and can help make more informed investment decisions.”