Coin Metrics Teams With SMA To Provide Twitter-Based Crypto Sentiment Feed

Crypto analytics firm Coin Metrics has teamed with Social Market Analytics (SMA) to incorporate SMA’s Cryptocurrency Data Feed into the Coin Metrics market data platform.

Coin Metrics was founded in 2017 as an open-source project to provide the public with actionable and transparent network data. Today, Coin Metrics delivers market and network data, analytics and research to its community and wider industry.

SMA quantifies social media data for traders, portfolio managers, hedge funds and risk managers using patent pending technology to detect abnormally positive or negative changes in investor sentiment. It produces a family of quantitative metrics, called S-Factors, designed to capture the signature of financial market sentiment. SMA applies these metrics to data captured from social media sources to estimate sentiment for indices, sectors, and individual securities.

In order to provide sentiment data on different cryptos based on Twitter information, Coin Metrics will be integrating the SMA cryptocurrency Sentiment Feed into its market data platform. The calculation algorithms would include relevant tweets and calculate “19 different aggregate sentiment metrics down to snapshots of one minute.”

Tim Rice, Co-Founder and CEO of Coin Metrics, said that as the crypto investing market continues to mature, institutional investors are demanding data from trusted partners.

“These institutions are looking to make data-driven decision by accessing sources of data that they understand from their legacy investing frameworks,” said Rice. “We believe that the power of combining sentiment data with granular network and market data is fundamental to building a deeper understanding of crypto assets.The ability to provide an all-in-one crypto financial data solution is a huge convenience for institutions.”