Wall Street brokers specialize in investing money in the financial markets. With experience and insider knowledge, they can make smart decisions, investing the right amount in the right commodity at the right time. They analyze data and look for patterns in the market that can turn your $1 into $100.
But where are the brokers for the cryptocurrency market? Well, now there is one and it’s called CryptoScanner. This application acts as your personal broker in the crypto market, helping you identify trends, invest in the right tokens at the right times and understand the cryptocurrency market in general. What’s more, CryptoScanner is breaking ground by using an invaluable tool that even most big-time Wall Street brokers don’t use: sentiment analysis.
CryptoScanner is the first application for the light-weight and flexible sentiment analysis platform built by Senno. Using blockchain technology and an intricate web of smart contracts, Senno’s platform is designed with built-in adaptability, giving third parties the opportunity to develop sentiment analysis-based apps to meet their specific needs.
CryptoScanner is the first of these apps and brings sentiment analysis to the cryptocurrency market, predicting changes in tokens based on the accurate measurement of public opinion. Since financial markets are essentially driven by public sentiment, the application of this technology to the cryptocurrency market is a perfect fit and lowers the entry threshold for newcomers while helping veteran traders make better decisions with crypto tokens, many of which remain volatile and unpredictable using traditional tools.
In practice, the app is a fully-functional, real-time, market-trading signal platform for cryptocurrencies that shows buzz and mood indicators for every coin at any chosen time frame. CryptoScanner is open source and exhibits the implementation of Senno’s user-side module, including on-chain access over NEO to Senno smart contracts and access to semantic content, reports and analysis from decentralized cloud storage.
CryptoScanner will run on just about every widely-used operating system including Windows, macOS, Linux, Android and iOS as well as an HTML5 web-based client. The app features real-time scanning of cryptocurrency channels, comparisons between multiple cryptocurrencies, the ability to filter by region, country, language and type of channel, configurable alerts based on mood and buzz changes and an API interface to leading exchanges to allow for the execution of trades.
Senno’s new app is the perfect tool to help you get in the cryptocurrency market and make the best decisions possible. It also highlights the capabilities of sentiment analysis and Senno’s platform that’s set to evolve in a plethora of different directions and bring crowd wisdom to the masses.
