Every 24 hours, over $27,000,000,000 of cryptocurrencies trade on the top 10 crypto exchanges . With over 300 exchanges in existence today, we’re witnessing the rise of a new financial trading standard. The 24/7 fast-paced nature of crypto trading diverges rapidly from its stock market and money market ancestors.
Investors spend significant portions of their waking hours reading news, discussions, and any new information they can get their hands on to keep up. For global institutional investors with armies of analysts working around the clock, parsing this vast sea of information daily is manageable. For all others, the task is several orders of magnitude more difficult.
This stark imbalance in global versus smaller investor capabilities is why Merv.tech was invented. With its initial launch only a week ago, Merv’s purpose is to provide crypto investors with an autonomous analyst that can do the laborious and manual work of hundreds of human analysts. Work that includes anything from constantly scanning the internet for newly trending information, to analyzing groups of blockchain transactions, to tracking sentiment patterns in public crypto communities. Work that is overwhelming for non-institutional investors if attempted manually.
Still in its early stages, Merv currently provides users with an overview of which cryptocurrencies are being mentioned in some of the community’s highest-traffic discussion groups. Merv combines a network of real-time web-scraping algorithms with natural language processing artificial intelligence to constantly track over 2,600 distinct cryptos—a technological feat only possible with today’s advancements in machine learning. These advancements allow for, among other things, Merv to be equipped with a robust spam filter that accurately detects and disregards bad actors who attempt to artificially boost the popularity of particular cryptos. Early adopters of Merv have been using it to track unforeseen spikes in mentions of cryptos, popularity of newly created cryptos, and performance of established veteran coins, among other uses.
In the next coming update, users of Merv will see new communities added to its analytical reach. In addition, Merv will show sentiment analysis metrics for all mentioned cryptos. There are many more involved projects currently underway at Merv that aim to equip investors with a rich source of newly uncovered insights, with this being just the start. Stay tuned.