AI innovation seeks to improve crypto trading by leveraging media sentiment analysis to deliver real-time, actionable insights.
Sentix, an AI-powered crypto market tool, offers traders the ability to sift through the noise of daily news, separating FOMO from fact by analyzing media sentiment and its impact on crypto asset prices.
The concept of ‘Buy the rumor, sell the news’ might have been rooted in traditional finance. However, it also fits perfectly within the context of cryptocurrencies, which come together to form the emerging crypto market. As an ecosystem moved by investor sentiment, the crypto space is heavily influenced by media, especially news revolving around regulatory actions, legal updates, or major partnerships.
The impact of breaking news on trading activity is well-documented. Any negative press has the potential to trigger a crypto contagion, taking the market into a turbulent state. Conversely, positive stories about Bitcoin ETFs can carry the related asset prices to new highs.
However, the myriad of information sources offering daily news stories can confuse even experienced traders. It’s beyond human capabilities to check every news and separate FOMO from fact several times during the day. This is where innovation comes in to help both crypto newcomers and veteran traders to sort the wheat from the chaff and see an accurate picture of what is happening.
Separate FOMO from fact, benefit from both
Sentix is an artificial intelligence-powered media sentiment analysis tool that can detect a direct correlation between media activity and price shifts in crypto assets. Utilizing AI capabilities, Sentix operates as crypto traders’ personal assistant that analyzes media and finds insights across news channels.
The main task of the AI solution is to quickly process large amounts of information from media sources and identify media insights in an ocean of noise caused by the continuous news flow. More importantly, Sentix levels out any manipulation of individual news sites.
Sentix can detect correlations between general media activity and the price action of a specific crypto asset. Source: Sentix
The tool analyzes the media space and can cluster news topics, categorizing similar articles in one group. This significantly speeds up data acquisition and ensures high accuracy. Traders can make more informed decisions and take the media factor into account in their strategies with Sentix.
Aside from holding historical crypto market data since 2014 and offering free educational guides, Sentix processes over 250,000 news articles and 9,000 tweets each day. Users are informed about most hyped airdrops and important coin actions, along with graphical and numeric data analysis updated at 15-minute intervals.
Top news headlines that moved the crypto market in 2023
Sentix has analyzed the 2023 data and showcased the nine most impactful events that shifted the crypto market in both negative and positive directions. The list includes former FTX CEO Sam Bankman-Fried’s not guilty plea from late 2022 and Grayscale’s Bitcoin ETF approval petition.
SBF plea, SVB Bank’s collapse, and Bitcoin ETF petitions were among the most impactful news for the crypto market in 2023. Source: Sentix
From high-profile legal developments involving key industry figures to regulatory actions and financial forecasts, these moments have captured traders’ attention and profoundly impacted the market’s direction.
Why use AI for market analysis
Besides news sites, Sentix’s AI engine can extract and analyze impactful information from a wide range of channels, including social networks, podcasts, and forums. Since there is no human bias involved, users can find unbiased and insider information in the form of numerical values.
Crypto users can go through a 1-minute sign-up process to start using Sentix for free. With the latest and most relevant information, the AI-powered market tool helps traders stay on the market’s pulse without the need to doomscroll endless news feeds.
Understanding the intricate relationship between media sentiment and market dynamics can be the difference between success and failure in crypto trading. As an AI-powered analysis tool, Sentix represents a significant step forward in democratizing financial information, making it accessible and actionable for a global audience.
