Bitcurate, which is a pioneer intelligence solutions, has launched a new cryptocurrency market intelligence platform aimed at helping investors with real-time insights and analysis to make better investment decisions.
The platform, which is on an invite-only beta phase for now, uses a variety of data sources including expert analysis, natural language processing (NLP), and machine learning to provide real-time insights for each cryptocurrency, in order to aid data-driven investment strategies. It comes with a dashboard that lets investors to select what cryptocurrency they would like to follow and for which they would like to generate information.
People willing to invest in crypto can gain access to a variety of information and data including real-time exchange rate, sentiment score as determined by Bitcurate's proprietary algorithm, recent price changes, market capitalization, and circulating supply. They can also access news from the market including tweet feed and real-time alerts for breaking news or major market changes. The tool also ranks coins by dollar value, volume, sentiment, and Bitcurate rating.
CEO of Bitcurate Victor Lee said the fragmented market today makes it difficult and time-consuming for investors to find the "accurate, wide-ranging information" needed to make calculated decisions. The number of crypto intelligence and analysis tools has been increasing at a faster rate.
Their platform tracks 5 million-plus sentiment data points every day and streamlines information into intelligence that investors can use when making investment decisions. It will aggregate data from the social media, chats and forums, trading, exchange APIs, crypto futures market, and other financial instruments.
The app's sentiment analysis engine verifies and monitors news sources and live sentiments to produce sentiments at 86 percent accuracy.
The company's CTO Daren Tan said 90 percent of crypto movements are sentiment-driven, but there's a lot of noise in the market right now. Their platform will use the latest sentiment analysis tools and industry standard quant analysis from Wall Street to provide investment insights.