News sentiment analysis of Crypto market, May 02 – May 09, 2018

News sentiment analysis of Crypto market, May 02 – May 09, 2018

 

The dashboard allows a quick view on Crypto market in meaner of news sentiment score and returns for the assets within the market. In this example, we analyze the news sentiment of the Crypto market, market cap above 1.7B, May 02 – May 09, 2018

The crypto market looks bullish as the majority of assets with a market cap above 1.7B got 0.57 news sentiment score which indicates a bullish market (news sentiment above 0.50 consider bullish as more meaningful bullish classified news was published during the period. The scale for the news sentiment score is between 0-1). The return for these assets was 5.56% for the period.

The leaders were Bitcoin Cash (BCH) with 0.75 news sentiment score and 10.93% return, followed by Ethereum (ETH) with 0.75 news sentiment score and 9.48% return. Litecoin (LTC) and VeChain (VEN) are also strong with 0.72, 0.75 news sentiment score respectively.

On the bearish side, we can find Cardano (ADA) with 0.47 news sentiment score and -10.98% return for the period. However, today was announced that Cardano ADA token gets listed on Korean payment platform Metaps Plus, therefore the latest news sentiment score for the assets is 0.8.

Ripple (XRP) was found also on the bearish side with 0.30 news sentiment score and -5.75% return. Qtum (QTUM) got 0.31 news sentiment score and -8.11% return, these result place Qtum on the bearish side of the market

Finally, Bitcoin (BTC) got solid performance with 0.54 news sentiment score and 0.9% return, however, looking at the latest news sentiment score of Bitcoin (0.78) which is higher than the weekly news sentiment score, can provide the confidence of the bullish trend.

Insights for the data-driven investor’s

Big data provider for financial services. Using big data technology to reveal hidden insights from text within tens of thousands of news articles every day and by presenting this data in visually compelling with interactive dashboards on your PC, mobile and real-time API.

Filter out the noise, from +12,000 news items per day, receive and analyze only news items that matter to your strategy, that moves markets, in real-time 24/7.

We use big data, to aggregate in real-time more than 12,000 news items per day. Next, we filter the news using text and sentiment analysis of bullish and bearish keywords and phrases. It’s taken us less than a minute from the news release, analyze the news and send it.

We generate news sentiment score based on a machine-readable dataset and compare it with actual performance with interactive dashboards. Add any datasets to leverage your analysis even further in a secure environment.

COMPREHENSIVE SOURCING

Leverage on Google search capabilities and financial social media to find press releases and news stories on companies, currencies, commodities, central banks, cryptocurrency, macroeconomics, and governments 24/7.

VISUAL ANALYTICS

Our data is presenting on interactive dashboards on the web or on your phone, get alerts when data changes, and drill into details. Furthermore, combine your data with ours to get more insights. Alpha is at your fingertips.

REST API

Low latency API, clients plug in our API into their existing application to display our data.

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(Views and recommendations given in this section are for research purposes only. Please consult your financial adviser before taking any position in the stock/s or currencies mentioned.) Neither First to invest. nor any of its officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisers or registered broker-dealers. First to invest does not provide investment or financial advice or make investment recommendations. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by First to invest of any particular security, transaction or investment. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers

By | 2018-05-09T10:11:41+00:00 May 9th, 2018|case studies, Uncategorized|Comments Off on News sentiment analysis of Crypto market, May 02 – May 09, 2018
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