Blockchain technology backed cryptocurrencies, we also call them virtual currencies; had created a huge attraction to investors and traders. As the price of cryptocurrencies fluctuates more than any other entity, which provides an opportunity to earn insane profits in short period of time. Many a times traders have easy chance to receive 5 to 10 fold times profit based on world events, news or information.
The cryptocurrency price fluctuations are dependent on information/news posted in the articles on the internet. Thus scammers takes this opportunity to spread fake news on the internet to fluctuate cryptocurrency prices for potentially earn huge profits. Regular traders fall into this falsely created trap and lose serious amount of money. That's why it is recommended to verify the information but it requires resources and consumes lot of time.
Thus today there is desperate need for a Platform which provides authentic information about cryptocurrencies which potentially eliminate false speculative news. Thanks to CoinAnalyst project which aims to provide such a service.
Project objective
The main aim of the project is to create an authentic ecosystem which collects, analyses and verifies the world events, news/information related to cryptocurrencies. This verified information helps to eliminate false market fluctuations and allow traders, investors to take better decisions.
Principle of operation
CoinAnalyst platform provides a portal which provides verified and analysed information; this help traders to stay protected from false and manipulated losses. The portal provides all the information about the particular coin such as:
• market data about a particular coin
• particular coins complete analysis and trend report
• market comparison with present and past behaviours
• identification of relevance news publications
All the information is categorised according to subject and coin. Thus each specific coin information is available in sub section.
The CoinAnalyst machine learning algorithm monitors and analyzes the mood according to the documents/publications, authors attitude towards a particular coin, whether it is positive, negative or neutral. The web analyser scans every blogs, articles, social media posts, forums etc and only top rated reviews will be counted. Currently English, Italian, French, German, Japanese and other languages are supported. After the analysis the traders behaviour, mood and sentiments graph is shown under each coins information.
Here the user have the option to choose the time period to analyse the market and traders sentiments. Along with this CoinAnalyst provide users the trading tips, this helps a lot for novice traders. The tips also contain buying and selling information about cryptocurrencies as like tradingview.com.
Additional features of CoinAnalyst:
• Search: this options helps to search all database including boolean operators and provides result accounting time and relevance
• tag cloud: this option helps to obtain keyword results about a coin
• team relations: this feature helps the association of related keywords tags
• topic map: this feature helps to view presently discussed topics
• trend: this feature displays the emergence of coin trends and also helps to compare several trending coins
• influencer: this shows the information about most influential users on the forums, social media with their posts
The platform uses COY token on its platform.
ICO details
• Token ticker: COY
• Token price: 0.01 euro
• Hardcap: 20 million euros
• Public sale: July 7 to December 31 2018
Token distribution
Conclusion
There is no doubt that this project very much optimistic towards creating a sustainable crypto market. It provides only authentic information by verifying all the cryptocurrency related articles, posts in blogs/forums and in social media. This helps traders to maximize profit and minimise risks. Today there is a need for such projects to stabilize the crypto market. Thus project needs much attention
Learn more about CoinAnalyst:
Website: https://www.coinanalyst.tech
Read Whitepaper: https://www.coinanalyst.tech/whitepaper/en/
ANN thread: https://bitcointalk.org/index.php?topic=4461332
Telegram: https://t.me/CoinAnalyst
Facebook: https://www.facebook.com/CoinAnalyst.tech
Twitter: https://twitter.com/CoinAnalystTech
Medium: https://medium.com/coinanalyst-tech
Reddit: https://www.reddit.com/r/CoinAnalyst/
YouTube: https://www.youtube.com/channel/UCReijhnYhNFsvrJH5mtICZw
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
