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Thomson Reuters has expanded its sentiment data tracking service to cover the first 100 cryptocurrencies. You can find details on the TRMI 3.1 crypto sentiment package in our daily column, Bitcoin for short. The today's edition also presents other announcements that encrypted investors might find interesting. Some useful tools can help them develop dynamic strategies on volatile markets, while a new bot offers automatic encryption.
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Thomson Reuters expands its Crypto Sentiment data monitoring
Thomson Reuters has included market data for the first 100 cryptocurrencies in its sentimental data offers. The service is provided in collaboration with Marketpsych Data LLC, a leader in quantitative behavioral science. The expansion comes after the introduction of the bitcoin sentiment index in March, when Marketpsych 3.0 was revealed, as reported by Notizie.Bitcoin.com, and the launch of real-time data feeds of cryptocurrency in real time for six cryptocurrencies in May.
According to the official announcement, the new Marketpsych Indices package uses automatic learning and natural language processing to measure emotional and current elements through news and social media sites that can guide participants' behavior. to the market in cryptocurrency markets. TRMI 3.1 monitors more than 2000 global news and 800 real-time social media platforms.
Service providers also note that historical data date back to 2009. Data collected on sentiment can be incorporated into quantitative and qualitative analyzes to support investment decisions, details of the press release. Investors and other interested professionals can use it to quickly identify the models that influence their respective businesses, emphasizes Thomson Reuters.
Suite of Tools released for Crypto Investors
Waterstreet Research Partners LLC, an investment research company based in Minneapolis, has announced the launch of Crypto Powerranks, a suite of useful tools for cryptocurrency investors. Its users will be able to research, plan and develop dynamic investment strategies on the volatile cryptocurrency markets, according to the announcement.
Crypto Powerranks is a membership program that provides access to in-house analytics and portfolio building strategies. The service will allow cryptocurrency investors to create their own investment plans. The developers of the suite note that their solution comes in response to the need to use robust search tools in combination with market intelligence when making investment decisions.
The service introduces 32 cryptocurrency indices, of which 12 using quantitative factor models known as intelligent beta. These proven index strategies have not been applied to the cryptocurrency market before. The platform also provides its members with continuously updated tools, indicators and reports, including index action reports. By applying the tools to the different indices, they will be able to search for a single cryptocurrency or the broader market when deciding which coins to choose for their investment portfolio.
"More and more investors are entering the encrypted market and have expressed the need for more information, intelligence and tools, so they can make more informed decisions," said Jonathan Held, managing partner and co-founder of Waterstreet. In his words, encrypted investors are tired of distorted and emotional opinions in blogs and video channels. "They want clear, objective ideas to help them understand the evolving market and make safe investment choices," added Held.
The new Bot automates cryptocurrency transactions
A new trading bot, designed to automate cryptocurrency purchases and sales, was launched by Millioncoin. The platform, which offers cryptographic services, promises to counter the high cost and inconvenience of digital currency transactions. The bot, called AT.systems, provides its users with real-time resources, which help them to profit from the trading of these cryptocurrencies.
According to the developers, price instability, high transaction fees and uncertainty on the relative value of the various digital and fiat currencies represent obstacles to the purchase, trade and spending of cryptocurrencies. Millioncoin is trying to solve these problems by automating their processes.
The bot offered by the company can automatically exchange cryptocurrencies to provide its users with the best possible deal for their resources. In combination with other tools, AT.systems can also improve the encrypted purchase. This, according to Millioncoin, will help consumers incorporate crypts into their daily lives.
What are your thoughts on today's Bitcoin ads for short? Let us know in the comments section below.
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