The e-Toro platform and TIE have developed a mechanism that generates algorithms for cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details. The tool uses the emotional background on Twitter, as reported by the e-Toro team.
The e-Toro tool will determine the best deal
850 million tweets daily is an indicator that will determine the reaction of the cryptocurrency market. If you follow the preferences of people, then you can see which cryptocurrency the price will rise or fall.
This number of messages is analyzed by TheTIE-LongOnly CopyPortfolio, developed by e-Toro and TIE. The mechanism opens a deal for the trader, noting the positive messages.
Twitter's trending strategy launched in 2017. Profit amounted to 281%. Throughout the year, the TIE long-term instrument generates an average of 123%.
Interesting in the section: Bitcoin is falling despite positive news
- Analysts study and make assumptions about the fall of the cryptocurrency market. They cited the reasons that influenced the decline in the value of Bitcoin last month.