Boulder, Colo., July 24, 2018 (GLOBE NEWSWIRE) -- Cryptanite Blockchain Technologies Corp. (CSE: NITE) (OTCQB: CRBTF) (FRA: 98AA), a Colorado-based blockchain technology company providing secure peer-to-peer payment systems, today released a Twitter market sentiment analysis tool to capture and assess public opinion regarding the cryptocurrency market. The tool is available exclusively on CryptaKings, an expert network to help current and potential cryptocurrency investors navigate the oftentimes confusing and volatile cryptocurrency marketplace.
The sentiment analysis aggregates approximately 360,000 tweets daily, categorizes them as positive, negative or neutral, and then it displays that information on a chart. The sentiment analysis is benchmarked against the changes to the price of bitcoin, so users can appraise consistency in relation to the market sentiment.
“Since the price of bitcoin and the volatility of the market are in large part attributed to the public’s perception of the two, the new Twitter market sentiment analysis from Cryptanite helps us meet customer demand for additional insights into the cryptocurrency market,” said John Eagleton, co-founder and CEO of Cryptanite. “This tool also provides users with greater understanding of the fluctuations in the cryptocurrency market and can help make more informed investment decisions.”
About Cryptanite Blockchain Technologies Corp.
Cryptanite Blockchain Technologies Corp. (CSE: NITE) (OTCQB: CRBTF) harnesses blockchain technology to provide secure, real-time peer-to-peer payment systems. Cryptanite’s growing product line includes web and mobile apps, including credit and debit products for fiat and cryptocurrency markets. Cryptanite is based in Colorado’s Front Range. For more information, visit www.cryptanite.com.
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Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
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