Santiment opens up its crypto data analytics platform to all data nerds – CryptoNinjas

Santiment, a cryptocurrency data aggregation and analytics company announced the release of SANbase, a platform that allows data scientists, financial analysts and traders at all levels to derive meaningful insights from cryptocurrency market data.

By creating an infrastructure that makes the vast and ever-growing amounts of market data more accessible to decision makers and analysts, Santiment is on track to become the “Bloomberg of the crypto market”. It’s objective feed of market data, groundbreaking investor sentiment analysis and blockchain developer activity currently lead the industry.

The SANbase platform integrates a range of valuable inputs from a wide range of sources to provide a detailed overview of crypto market dynamics. Some of this data is unique to SANbase, such as the “token aging speed” metric. Other valuable metrics include chain data as well as information derived from live market data feeds, media, crypto-asset developers, data professionals, the open source community and trading community.

Importantly, SANbase also already contains data on all Ethereum blockchain-based or “ERC-20” assets. This wealth of data has enabled Santiment to spearhead the development of aggregated real-time data sources at the absolute forefront of the digital asset sector.

Santiment has now announced an open invitation to all data geeks – including academic researchers, algorithmic and quantum trading analysts and AI specialists – to engage with its SANbase open source platform with the aim of creating data insights from the cryptocurrency market . A newly released open API will now allow users to plug directly into the big data analytics platform.

SanBase is the public interface, where a range of valuable data is shared with users, including daily active addresses, sign rate/aging, GitHub activity and more. All the metrics are plotted on the price chart to give a better understanding of their impact. Of note, Santiment reports that they now have data for all ERC-20 tokens, which is unique in the crypto space. Data researchers can use the APIs and access this data and a number of other metrics. Economic rewards are also planned to incentivize data scientists and experts who make meaningful contributions that help streamline the aggregation and analysis of large datasets.

“Just imagine if we could leverage the data to create mathematical or algorithmic trading or forecasting models during the rise of the silk road, industrial revolution or assembly line.” Maksim Balashevich, founder and CEO of Santiment, explained: “We have this opportunity right now, in real time, with the rise of the cryptocurrency, blockchain assets and new token economies.”

Santiment is the leading cryptocurrency and blockchain asset data feed and analytics resource for traders at all levels. Its target users range from institutional funds to early adopter whales, to “mom and pop” retail traders.

The nascent cryptocurrency market remains driven by market sentiment and is characterized by asymmetric information, poor liquidity and extreme volatility. It’s a perfect storm for scammers, organized pump and dump groups, frontrunners, money traders and other market manipulators who want to game the system by controlling narratives around available data.

To counter this, Santiment offers an open-source network of data for cryptocurrency traders, which is curated by expert data researchers and analysts. It also openly invites data scientists and the larger open source community to contribute to the ongoing development of its growing network. By decentralizing access to valuable and credible information to the market as a whole, Santiment will simultaneously disarm scammers who spread FUD (fear, uncertainty and doubt), “pumpers and dumpers” and paid shills to control the narrative. The dissemination of relevant data to facilitate a better understanding of market behavior will be an effective counter to cryptocurrency bad actors who attempt to manipulate digital asset prices by exploiting market sentiment.

Information on the network will be reviewed by data experts and professional analysts to generate the highest quality crypto-asset-focused market research adapted to a wide range of different model-based trading methodologies, including algorithmic, AI-based and quantum trading.

Santiment will also work with blockchain developers and the thriving cryptocurrency open source community in a similar call for contributions, including integration of API feeds from large blockchain/cryptocurrency-specific datasets. This will further broaden the data available on the network for participating data scientists to play with.

MEET IN FRANKFURT – CRYPTO ASSET VALUATION: NEW AGE OF DATA SCIENCE AND FINANCIAL ANALYSIS

On June 11, Santiment CEO Maksim Balashevich was the keynote speaker at a meet-up event aimed at connecting with leading data scientists, finance/fintech pioneers, machine learning specialists, family office managers and crypto enthusiasts. With nearly 200 attendees, the event focused on work being done by Santiment to create a credible framework for cryptocurrency analysis and valuation methodologies. In response to the overwhelming interest generated at the event, Santiment is planning a follow-up hackathon for the data analysts who attended in September. It is expected that their engagement with the SANbase platform will help identify greater opportunities to understand and forecast digital asset markets.

INVITATION TO USE THE SANBASE DATA

Data scientists interested in the emerging crypto markets, or analysts from established traditional financial markets looking to pivot to crypto, are invited to participate. This represents a once-in-a-lifetime opportunity for further research using a next-generation blockchain-based data aggregation and analytics solution for a new and rapidly growing asset class.