On Tuesday, eToro has introduced a new tool, Crypto Twitter in partnership with TIE. This tool will help traders to analyse Bitcoin trends and invest efficiently using Tweets.
TheTIE-LongOnly CopyPortfolio, Crypto Twitter will analyse cryptocurrency-related tweets by scanning 850 million tweets every day. Joshua Frank, co-founder, and CEO of the TIE, said that Machine learning and natural processing technology will further aid the tool.
eToro does not have any additional charge to use Crypto Twitter. Though the analysis tool is a great leap towards understanding the crypto market, investors should still study the market in the initial days.