The NASDAQ market operator has been working on a project to track the sentiment and potential direction of the crypto market, a person close to the company stated. Bill Dague, head of Alternative Data at NASDAQ, explained to crypto news site Coindesk that NASDAQ was working on AI solutions and data analysis, but no hard and fast decisions were made to add the tool to the portfolio of market prediction software.
The crypto market is a data-rich environment, with a mix of information from wallets, the blockchain itself, but also social media such as Twitter and Reddit. Sentiment and social media noise often coincide with significant price movements.
The NASDAQ market operator is no stranger to the crypto market. The European branch, NASDAQ Nordic, h...
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