Santiment, a Germany-based crowd sentiment data platform for crypto and blockchain assets, has announced its partnership with researchers at the University of Hamburg, Concordia University Montreal, and the Blockchain Research Lab.
In its official release, Santiment said that the partnerships are aimed at producing pioneering insight and research into the factors and variables that can influence cryptocurrency prices. Initial findings support the claim that price movements can be predicted by monitoring mass sentiment through Twitter feeds. The research will particularly emphasize on the role social media can have on investor sentiment and valence.
“We are very excited to be working with these researchers in developing such ground-breaking research in this all too often misunderstood area of finance. Collective sentiment and how this is expressed through social media provides crypto investors with a unique insight as to when they should buy and sell”, Maksim Balashevich, CEO and Founder said.
Santiment said that its partnership with the researchers aims to provide objective and impartial papers and information for people looking to enter the emerging and rapidly growing area of finance – cryptocurrencies.
According to the official release, much of the research work will be published formally in various academic journals.
The price of bitcoin and other cryptocurrencies have shown tremendous growth in the past couple of months. BTC/USD hit an all-time high of 2980 (Bitstamp) earlier this month, so did Ether as ETH/USD hit 417 levels (BTC-e). DASH also hit a fresh all-time high at $201.99 levels (Kraken) this month.
