June 26th, 2018 at 5:43 pm UTC · 3 min read
WatermelonBlock, the AI-powered investment and trading platform for cryptocurrency investors and traders, integrates IBM Watson’s AI computing platform to provide investors with real-time insights and detailed analysis regarding the market sentiment of top cryptocurrencies and ICOs.
Investing in cryptocurrency can be confusing and time-consuming. Imagine the amount of information investors receive everyday about the assets that interest them most. Investors in the cryptomarket are constantly exchanging information and opinions over social networks, creating an economy where knowledge is power.
Social media opinions can highly influence traditional sources of information, including professional brokers and financial journalists. This can strongly affect the market sentiment of blockchain assets, like cryptocurrencies.
WatermelonBlock recognizes the influence of opinions in the cryptomarket and uses AI to help investors stay on top of investment information in real-time.
WatermelonBlock takes keywords, hashtags, and metadata terms relating to cryptocurrencies and ICOs, using a variety of social and traditional media APIs. Metrics are pulled from a multitude of social platforms, and analyzed every second by Watson for sentiment.
WatermelonBlock incorporates IBM Watson’s AI platform to read and categorize these big data sets, weighting each author individually according to their social influence and reach. WatermelonBlock then uses its proprietary algorithms to compute a percentage and index score for each network. This is known as the MelonScore.
WatermelonBlock scores cryptocurrencies and ICO investment data using IBM Watson’s AI platform, providing tangible benefits to users. Features include:
Access to information is just one hurdle investors face when participating in cryptocurrency and blockchain markets. As Elliot Rothfield, Co-Founder of WatermelonBlock explains,
“Without knowing market sentiment, investors are missing crucial information to inform their investment decisions. Till today, investors have needed to spend enormous amounts of time reading large volumes of information to determine market opinions. WatermelonBlock provides real-time actionable insights and detailed contextual analysis at the press of a button, making the user experience easy from start to finish.”
WatermelonBlock harnesses the power of AI and big data to produce cutting edge sentiment analysis in an intuitive, simple user experience. WatermelonBlock places the importance of information sharing and usability first, making crypto investment simple enough to fit any lifestyle, providing an indication of how the market thinks and feels 24/7.