Why Market Sentiment? Traditional indicators are useful, but they only give you half the story. Market sentiment fills in the gaps, allowing you to tap into the collective psychology of traders. Do investors feel bullish about Bitcoin or are they accumulating stablecoins out of fear? Sentiment indicators decode these emotional tides, empowering you to make more informed decisions.
The Unique Edge of Coincharted
- Unlike other platforms that may claim to offer sentiment data, Coincharted sets itself apart through distinct features:
Daily Sentiment Updates: Instead of real-time feeds, we focus on daily aggregated sentiment data gathered from various platforms such as social media, news outlets, and online forums. This allows you to base your decisions on a more stable, less noisy picture of market sentiment. - Advanced Analytics: Utilising state-of-the-art algorithms like Support Vector Machines and Transformer Neural Networks, our platform sifts through countless data points to deliver sentiment indicators that are not only reliable but also fine-tuned to minimize noise.
Named Entity Recognition: By employing named entity recognition and weighting sentiments according to the popularity of the posts, we provide an additional layer of precision to our sentiment data.
Authentic Data: Our advanced algorithms are trained to weed out bots and duplicate messages, offering you sentiment data you can trust.
