Brave New Coin’s new tool uses artificial intelligence to track emotions of the crypto community on Twitter

Must Read

Eight Things in Crypto You Can’t Afford to Miss This Week

In this roundup, we cover China's market-rattling resistance to Bitcoin, the increasing drumbeat toward crypto regulation, the...

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand...

Your Wallet May Not Be as Secure as You Think; Here’s What To Do

Remember the egregious breach that exposed Ledger’s entire trove of customer data to the public?...
- Advertisement -
Earn Free Bitcoin

Brave New Coin (BNC), a New Zealand research company specializing in blockchains, has introduced a new system for assessing the emotions of the Bitcoin community based on Twitter messages.

According to the BNC, the new Twitter Sentiment assessment system analyzes over 34 million Twitter feeds related to the bitcoin every week. The firm uses artificial intelligence algorithms that look for entries containing the words bitcoin, $BTC and BTC and others.

The BNC notes that user sentiment continues to be a significant factor in the price and dynamics of digital assets, and the new methodology is designed to track these sentiments. According to the BNC, it took 18 months of work to launch the Bitcoin Twitter Sentiment. The data is divided into seven categories – Opinion, Technical Information, Inside, Advertising, Bots, Macro and Hacking.

For the third week of January, the most frequent records were in the category Opinion – their number was 30.42% of all received data. The second place was occupied by the category Technical Information, while the third place was occupied by the category Inside the network (includes information on mining and hashrate).

BNC representative Pierre Ansaldi stated that the company is also launching community sentiment analysis tools for other crypto assets during the first quarter of this year.

Since last February, the U.S. stock exchange Nasdaq began broadcasting data from two crypto index developed by Brave New Coin.

- Advertisement -
- Advertisement -

Latest News

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -Earn Free Bitcoin

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to announce that it has been...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...