Cryptocurrencies: 2835 / Markets: 20798 Market Cap: 24h Vol:
CryptoGlobe
2019-07-18 14:50:50

Hedge Funds Are Using Social Media Algorithms to Crack Crypto Prices

Hedge funds are increasingly turning to social media to mine data and predict the price movements for cryptocurrency. These algorithms rely upon "sentiment analysis" to gauge investor confidence towards the crypto markets. However, the abundance of noise and fake news is making it difficult to produce reliable trends for trading.

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