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Correlation between crypto’s sentiment, price movement is incredibly strong, says The TIE’s Joshua Frank

The cryptocurrency market responds to speculation, whether it is the price of Bitcoin or any important announcement that has the ability to push a coin’s price and market cap upwards. The cryptocurrency market, unlike other asset classes, depends significantly on market sentiment, noted Joshua Frank, CEO of The TIE, in an interview with Dawid Paluch.

Frank said,

“In crypto, the only thing that influences the price is the wisdom of the crowd or what people think.”

With technologies to identify market sentiment now available, The TIE is making headway in identifying such trends. According to Frank, one of their Co-founders is the CEO of Social Market Analytics [SMA], a leading provider of Twitter sentiment. SMA is an important player in identifying the reactions any…

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