Canadian company launches app to track "cryptocurrency market sentiment"
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According to a report by Bijie Network: Canadian cryptocurrency analytics company Guavy has launched an iOS application that uses artificial intelligence large language models to track market sentiment for cryptocurrencies such as bitcoin (BTC), ethereum (ETH), and ripple (XRP). The model analyzes hundreds of millions of data points from about 350 data sources, providing bullish, bearish, or hold indicators. While the app is available for free to retail investors, Guavy aims to sell its technology to hedge funds and wealth management firms, and a more detailed version is already being used by a UK-based fund. The company also plans to expand its analysis to tokenized securities.
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