Cryptanite Develops Twitter Market Sentiment Analysis
24 Jul 2018
Tool tracks more than 360K cryptocurrency-related tweets per day
BOULDER, Colo. (July 24, 2018)—Cryptanite Blockchain Technologies Corp. (CSE: NITE) (OTCQB: CRBTF), 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, a free online platform that tracks the top cryptocurrency investors and shares that information so all users can benefit from their expertise.
The sentiment analysis aggregates approximately 360,000 tweets daily; categorizes them as positive, negative, or neutral; and then displays that information on a chart. Since the price of bitcoin and the volatility of the market are largely attributed to the public’s perception of the two, Cryptanite has added this tool to meet customer demand for additional insights into the cryptocurrency market. This also provides users with greater understanding of the fluctuations in the cryptocurrency market and to make more informed investment decisions accordingly. The sentiment analysis is benchmarked against the changes to the price of bitcoin, so the user is able to appraise its consistency in relation to the market sentiment.
About Cryptanite Blockchain Technologies Corp.
Cryptanite Blockchain Technologies Corp. (CSE: NITE) (OTCQB: CRBTF) harnesses blockchain technology to provide secure, real-time peer-to-peer payment systems. Cryptanite’s growing product line includes web and mobile apps, including credit and debit products for fiat and cryptocurrency markets. Cryptanite is based in Colorado’s Front Range. For more information, visit www.cryptanite.com.
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