Sentiment Analysis – NLP and Crypto News
Natural language processing (NLP) falls under the umbrella of artificial intelligence and is concerned with the comprehension of text by computers. Recent advancements in this field, exemplified by the emergence of tools such as ChatGPT, have become an integral part of our daily lives. Yet, the financial sector has been leveraging NLP for quite some time, particularly for fundamental analysis.
Fundamental analysis seeks to ascertain the intrinsic value of assets such as stocks, tokens, or NFT art based on publicly accessible information. In traditional finance, textual data is sourced from periodic submissions to the SEC (such as Form 10K or 10Q), including financial statements, specialized media news, social media platforms such as X (formerly Twitter), and other avenues. Web3 has fostered a similar environment where market activities are continuous, and X and news platforms serve as predominant textual resources. It’s worth...