Does News Still Matter in 2018?

Does News Still Matter in 2018?

On October 29, Finrazor introduced News Influence Score (NIS) – the first tool which turns the unguided instances of assets’ mentions in media into a measurable parameter. We are going to explain the working principle of the first of its kind feature in details and provide some illustrative use cases

NIS by Finrazor is as an indicator reflecting an anomalous surge or decline of public interest in a given asset. NIS doesn’t take into account the sentiment, reflecting mere instances of mentions.

We believe news to be measurable items, affecting the cryptoverse either directly or not. In order to treat them as indicators, we analyze more than 180 media sources and calculate how the number of mentions of the particular asset changes in real time. We compare the total number of news on the asset within the last 7 days to the number of its mentions as of the given date and show the percentage ratio. The NIS value is reflected via a blue line on the 7d price and volume chart for every asset.

Correlation between NIS and Power Ledger (POWR), Top-102 by capitalization

Here is the NIS methodology.

In part, they say that the news background has an impact on the asset’s rates. Nobody knows is it true, but now with NIS it is possible to track it.

This tool is aimed to solve the problem of the lack of balance over the news background because the popular assets are covered in media a lot compared to the least popular ones provoking the disbalance.

The possible correlation with the currency rate is one of the NIS applications. The feature may be also useful as:

  • an additional indicator for one’s needs
  • means to catch up with what is really on something
  • the evidence to prove one’s statements
  • a way to learn which types of news lead to the most significant informational background moves
  • a tool to show how important news affects the news background of a given project, etc.

We have collected the data for October, and soon will provide a brief summary of such comparisons in a series of materials. The first will raise the issue whether news background correlates with an asset’s rates.

Stay tuned!

DISCLAIMER: any of the following information shouldn't be considered as an advice or investment recommendation. neither supports nor opposes any project or strategy, users must consider all relevant risk factors including their own personal financial situation.

Power Ledger

0.1300 USD 2.91%
0.00001487 BTC 3.34%
Volume, 24h
1,052,182 USD
51,704,848 USD

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What Is Power Ledger? Power Ledger (POWR) is a dual-layer blockchain-based, peer-to-peer energy platform that lets users buy and sell electricity. The Australian platform uses dual-chain architecture, with one layer residing on Ethereum and using POWR ERC-20 tokens and the other using the Ecochain platform and using Sparkz. Each is exchanged through an Ethereum smart contract that tracks energy generation and payments. Electricity is one of the most valuable resources we have, and cryptocurrency especially relies on it. Analysts estimate another 123 GW of solar photovoltaic energy generation will be added to the global grid in 2019. Yet solar power isn’t as easy to manage as people think – during peak hours in a sunny state like California, solar power actually needs to be bottlenecked to avoid overloading the grid. And homeowners are being told that they use all the power they generate, selling the overages to the electric company. But that’s not how it actually works. 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POWR and Sparkz Cryptocurrency Summary The Power Ledger Token (POWR) Ethereum-based ERC-20 utility token with a circulating supply of 396,195,754 out of a total supply of 1,000,000,000 POWR, as of February 6, 2018. The peak price of POWR so far occurred on January 4, 2018, at $1.79. Power Ledger held both an ICO presale to accredited investors and an ICO token crowdsale to the public. By October 6, 2017, 350,000,000 POWR was distributed, raising a total of $34 million (AUD) worth of ETH. The remaining 650,000,000 POWR was retained by the Foundation to pay future development costs and distributions to early investors. The Power Ledger team also received an $8 million (AUD) grant from the Australian Government to assist in further development costs. POWR is accepted on a variety of cryptocurrency exchanges, including LATOKEN, UPbit, Binance, Bithumb, Bittrex, Digifinex, ABCC, and Huobi Global. 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Join the conversation on Telegram and Twitter!     The post What Is Power Ledger Network?  Introduction to POWR and Sparkz Tokens appeared first on Crypto Briefing.

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