eToro, The Tie to Track Crypto Sentiment on Twitter for Investors
Ana Alexandre's original article for cointelegraph.com reduced by 59%
The social trading and investing platform eToro has partnered with analytics and finance management startup The Tie to launch a sentiment-based analytical tool to track people's perception of cryptocurrencies. eToro unveiled the new strategy, dubbed TheTIE-LongOnlyCopyPortfolio, in an official announcement on Oct. 15.
The strategy analyzes digital currency-related conversations, processing 850 million tweets every day by means of machine learning and natural language processing technology. Opening trades on positive sentiment signals onlyWhen parsing through social media messages, the tool scans each tweet individually to single out tweets related to a specific cryptocurrency and uses a filter to assess the relevance of the data and to remove spam and bots. The TIE's Long-Only CopyPortfolio is a bullish sentiment-driven strategy that considers long positions only with a minimum of three holdings, which eventually opens trades based on positive sentiment signals on Twitter.
Crypto indices and "Human-free" tools gain traction. The "Human-free" tool targets both industry newcomers and professional investors.
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Summarised crypto news.