Trending: Keep Up with What’s Up

Trending: Keep Up with What’s Up

In today’s clickbait culture it may at times come difficult to tune out media noise and make out the news that matter. At Finrazor, we have developed Trending, a handy tool to help you keep up with the most trending topics and events in an organized and rigorous way

There is no doubt that wide adoption of applied cryptography is upon us but the space has a lot of room to grow, but journalistic integrity is not something every news website is committed to. As a consequence, the experienced social media user learned to avoid clicking external links in order to not get bombarded with intrusive ads, cookie notifications, AI assistants, newsletters subscription prompts and all other sorts of pop-up windows.

At the same time media coverage, however honest or clickbaity it may be, does to a certain extent affect the cryptoverse at large because people actually do care about what others say, sometimes with little or no regard for the credibility or source of information. Take, for example, the recent incident with a fake screenshot of Binance’s USDT delisting announcement that circulated the web and presumably caused a sudden downward spike in Tether’s price.

But how to keep up with the constant updates and remain confident about their credibility, especially if this is not your full-time job? There is a need for a special tool which can keep count of all mentions across the sources in real time.

Trending by Finrazor

Finrazor developed a tool that helps you keep your finger on the pulse of the space.

Finrazor analyzes over 180 crypto news sources from news aggregators to influencers’ personal blogs to keep you up to speed with what topics are trending at a given point. We have created a database of all relevant entities in the space, be it assets, ICOs, companies, funds, influencers, technologies, mining pools, wallets, and are keeping count of all topic mentions across the sources in real time.

Our goal is to focus not only on the number of the news provided but on their quality as well. It is not enough just to collect information and share it with users, the given information should be structured and organized. The information supported by figures gives the right to be objective and unbiased, therefore, we have created a tool that reflects changing of informational background in percent, so that users can choose what to pay attention to.

The Trending feature is one of the key elements of our News Influence Score, a more sophisticated tool that tracks the dynamic correlation between public interest in an asset and its price. Though we still have a lot of work to be done, we are proud of what we have already done so far and we will keep fixing bugs and rolling out new updates.

How It Works

Trending helps to navigate through the amount of news, to find a way to the most important information, to deliver value to your time spending in the infosphere.

We show trending topics over 1d/7d/1m, on a daily basis, which allows identifying the most discussed topics during these intervals. The number of mentions is an absolute value, and the percentage change shows the difference between the common media presence of the topic and its statistics in the given period of time.

Currently, Trending provides news divided according to the key topics of the cryptoindustry:

Let’s Dive in Examples

Have a look for yourself and go over to our Trending Companies page, for example.

ConsenSys results in Trending

As you can see Consensys is currently the most trending topic today with 70 mentions a month across our sources. If you click it, you will be taken to the Consensys page in our aggregator. Here you can see a short description of the company and all the recent news articles that mentioned Consensys. You can hop over to any of the articles and search for ‘Consensys’ to make sure we count mentions honestly. We do not favor any asset, ICO or company and strive to deliver real data that you can make use of however you deem fit.

Let’s explore some more prominent cases. For example, a massive amount of news in October was about Fidelity and NXMH.

According to our preliminary research, the topic with the biggest positive change in October was Fidelity. When you come to its page, you will see that Fidelity, the world’s fourth largest asset manager, announced its plans to launch a cryptocurrency trading and storage platform. This news immediately gained massive attention of the community. This indicates that space craves for recognition from the big players of the money world and seizes every opportunity to hype up each step of the way to the institutionalization of digital assets, which some may find as the opposite of Satoshi’s vision. Nevertheless, after last year’s $20K bull-run that was in many ways caused by the introduction of bitcoin futures, this year may seem like a huge letdown to many and people are in desperate need for every little hint at the ultimate—and some hope inevitable—bull run. In any case, the truth is Fidelity is the top topic of the past month and the conclusions are yours to infer.

Another big topic this October was NXMH — admit that the name of this company may not look like familiar.The reason NXMH became trending is the purchase of Bitstamp, and in the context of this connection it is much more convenient to study the information on the market participant who gained even more importance. Bitstamp, one of the largest cryptocurrency exchanges, announced at the end of the month that it has been acquired Belgium-based investment company NXMH which in turn is owned by South Korean conglomerate NXC. The announcement is yet another possible indication of the growing institutional interest in digital assets. You may have missed this news if you are not a regular Finrazor visitor. But if you are, you can always go to the Trending section and see what’s currently hot in the space, for example, NXMH, a topic you wouldn’t otherwise have looked up yourself probably.

This two news was in the top because their percentage run up to thousands (namely, 5800% and 3400%). On other days indicators of trends hardly grew double or triple (as at the beginning of the current 45 week, for example), which also helps to draw a conclusion about the news background in general.

Screenshot of the main Trending page

On the one hand, trends help to find out the most important information in context using indicators of the popularity of news. On the other hand, they help not to miss the second most popular (perhaps not the least important) niche news.

The tool is new, we constantly calibrate indicators to provide accurate analysis. Feel free to contact us if you have any suggestions or questions.

Stay tuned!

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Bitcoin Price Trending Higher as World’s Economic Order Derails

On the day the US President Donald Trump announced tariffs on more than $300 billion worth of Chinese goods, he unknowingly woke up a bullish trend in a completely unrelated market. Bitcoin, the world’s leading cryptocurrency, climbed more than 58 percent to hit $9,090 in May 2019, a month which parallelly saw US market’s benchmark indicator, the S&P 500 Index, falling by 6.58 percent — as concerns ascended over the worsening trade war between the US and China. At the same time, the Bitcoin market also performed exponentially better than the Nasdaq, the MSCI EAFE Index, and Oil, as shown in the graph below. May Performance of Leading Global Markets | Image Credits: FactSet, Morningstar Bitcoin a Proven Hedge against Liquidity Crisis The vast disproportion between the interim sentiments of global markets and bitcoin has prompted many to connect the dots. Grayscale Investments, a US-based asset management firm, in its latest report, highlighted many of bitcoin’s bullish responses to the macroeconomic concerns noted across the past five years. Before the US-China trade war, the cryptocurrency surged impressively amidst Brexit, Greece debt crisis, and events like capital control in China. “While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations,” — wrote Grayscale. The global market has now shifted its hope to a probably meeting between President Trump and his Chinese counterpart Xi Jinping during this month’s G20 summit in Osaka. Financial Times reported that Trump is feeling pressure from hundreds of companies and trade associations to negotiate with China. In a joint letter addressed to the US president, retail giants like Walmart, Ikea, Target, and J Crew urged the supremo to not move forward with tariffs on China. “The additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the US economy,” the 661 signatories urged. “Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by US companies…not China”. Weak Economic Calendar Even though Trump and Jinping bury the hatchet, the move will be less likely to affect bitcoin’s bullish bias in medium-term. Alex Saunders, the CEO, and co-founder of Nugget News, a YouTube-based cryptocurrency channel, reminded that bitcoin is becoming scarce, pointing to a ‘halving event’ next year that would cut the cryptocurrency’s supply rate by half. Atop that, a section of investors will be more likely to treat bitcoin a hedging instrument against a string of impending economic issues. “Argentina [is] following Venezuela into hyperinflation,” explained Saunders. “Italy [is] proposing a parallel currency. EU & ECB [are] under stress. Brexit Party [is] rising. US tariffs; China debt/Yuan peg; [and] FED & RBA rate cuts & QE.” Bitcoin Price Trending Higher as World’s Economic Order Derails was last modified: June 14th, 2019 by Davit BabayanThe post Bitcoin Price Trending Higher as World’s Economic Order Derails appeared first on NewsBTC.
NewsBTC/analysis

Bitcoin Price Trending Higher as World’s Economic Order Derails

On the day the US President Donald Trump announced tariffs on more than $300 billion worth of Chinese goods, he unknowingly woke up a bullish trend in a completely unrelated market. Bitcoin, the world’s leading cryptocurrency, climbed more than 58 percent to hit $9,090 in May 2019, a month which parallelly saw US market’s benchmark indicator, the S&P 500 Index, falling by 6.58 percent — as concerns ascended over the worsening trade war between the US and China. At the same time, the Bitcoin market also performed exponentially better than the Nasdaq, the MSCI EAFE Index, and Oil, as shown in the graph below. May Performance of Leading Global Markets | Image Credits: FactSet, Morningstar Bitcoin a Proven Hedge against Liquidity Crisis The vast disproportion between the interim sentiments of global markets and bitcoin has prompted many to connect the dots. Grayscale Investments, a US-based asset management firm, in its latest report, highlighted many of bitcoin’s bullish responses to the macroeconomic concerns noted across the past five years. Before the US-China trade war, the cryptocurrency surged impressively amidst Brexit, Greece debt crisis, and events like capital control in China. “While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations,” — wrote Grayscale. The global market has now shifted its hope to a probably meeting between President Trump and his Chinese counterpart Xi Jinping during this month’s G20 summit in Osaka. Financial Times reported that Trump is feeling pressure from hundreds of companies and trade associations to negotiate with China. In a joint letter addressed to the US president, retail giants like Walmart, Ikea, Target, and J Crew urged the supremo to not move forward with tariffs on China. “The additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the US economy,” the 661 signatories urged. “Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by US companies…not China”. Weak Economic Calendar Even though Trump and Jinping bury the hatchet, the move will be less likely to affect bitcoin’s bullish bias in medium-term. Alex Saunders, the CEO, and co-founder of Nugget News, a YouTube-based cryptocurrency channel, reminded that bitcoin is becoming scarce, pointing to a ‘halving event’ next year that would cut the cryptocurrency’s supply rate by half. Atop that, a section of investors will be more likely to treat bitcoin a hedging instrument against a string of impending economic issues. “Argentina [is] following Venezuela into hyperinflation,” explained Saunders. “Italy [is] proposing a parallel currency. EU & ECB [are] under stress. Brexit Party [is] rising. US tariffs; China debt/Yuan peg; [and] FED & RBA rate cuts & QE.” Bitcoin Price Trending Higher as World’s Economic Order Derails was last modified: June 14th, 2019 by Davit BabayanThe post Bitcoin Price Trending Higher as World’s Economic Order Derails appeared first on NewsBTC.
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