According to Cointelegraph, Sentix, an AI-powered cryptocurrency market tool, can offer traders the ability to separate FOMO by analysing media sentiment and its impact on cryptocurrency asset prices.
Sources revealed that the task of the AI solution is to process large amounts of information instantly from media sources and identify the media insights needed. It is believed that Sentix levels out any manipulation of individual news sites, added Cointelegraph.
Sentix is expected to analyse the 2023 data and include about nine events that shifted the cryptocurrency market in both negative and positive directions. The list includes Sam Bankman-Fried’s, former CEO, FTX, not guilty plea from late 2022 and Grayscale’s Bitcoin ETF approval petition.
Sentix is expected to enable users to go through a 1-minute sign-up process to start using Sentix for free. Furthermore, the AI-powered market tool helps traders stay on the market’s pulse without the need to go through other news, concluded Cointelegraph.
(With insights from Cointelegraph)