LunarCrush, a well-known social analytics platform, has introduced LunarCrush Opinions.
The company’s latest project was inspired to enhance its existing offerings and provide perspective into how the cryptocurrency community views the industry.
Each day, well over 2 million social posts are gathered and classified from a variety of social networks.
Each post is assessed for sentiment, spam, and a variety of other characteristics by a powerful machine learning algorithm that is always improving.
A broader perspective on crypto
Categorizing this massive volume of data requires highly specialized training and modeling, as well as extensive feedback at a large scale.
According to the company’s release, LunarCrush Opinions will present investors with a completely wider viewpoint on cryptocurrency.
https://www.youtube.com/watch?v=OO4AuoQ3Sxw
Users will be able to express their thoughts on popular subjects, the emotion surrounding their favorite currencies, the value of individual influencers, and rate the accuracy of social media comments.
LunarCrush stated in a Monday Medium post that it anticipates millions of opinions being posted daily.
Its social analytics platform already collects more than 2 million social posts every day, which are then analyzed by LunarCrush’s unique machine learning engine for a variety of various features.
Classifying all of that data, on the other hand, requires specific modeling, which in turn demands a great deal of input.
A new dimension to crypto community
By incorporating input in the form of user-generated opinions, LunarCrush stated that the platform’s information will become more accurate.
“We’re eager to begin recording the LunarCrush community’s feelings,” the social analytics platform said.
“Not only will this bring a significant new dimension to the crypto community, but it will also improve the accuracy of all LunarCrush data,” it added.
The new feature on LunarCrush will award users with 1-3 points for each opinion they provide. The company anticipates that users will be able to earn up to 90 points each day and have those points converted to $LUNR tokens.
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