Cryptonavia - Your Analytical Dashboard (Sentiment, Live News, GitHub...)

[CryptonaviaTeam]

Hello everyone.

I am CEO and co-founder of Cryptonavia, and I would really appreciate genuine and constructive criticism about our website.

We launched the beta version at the beginning of October- it's brand new!

TL;DR: Cryptonavia is a flexible and comprehensive solution to analyze the blockchain industry. We provide analytics to follow blockchain economics, sentiment across multiple online communities, GitHub activity, and more. Entirely customizable.

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There's a growing number of tradable assets, and it has become a full-time job for investors to filter out and prioritize information. The multitude and variety of available data can be both a burden and a strategic opportunity.

Online communities are active to an unprecedented extent. Participants are constantly sharing opinions and insights on various social platforms, creating a new type of alternative data. This has proven to be very influential on the cryptocurrency market and a key element to the reputation of a coin. Political and regulatory news from the cryptospace are decisive factors in price action, as demonstrated recently following Chinese blockchain endorsement. Announcements and updates of a single coin are also important: new listing, feature, etc. Coding activity from GitHub provides relevant indicators on a project’s development, proficiency, and potential mass adoption. Blockchain is a multifaceted industry, and we could go on mentioning relevant data sources.

The question is: how can investors keep up with this ever growing number of data sources and information? How to improve research and due diligence?

We launched Cryptonavia hoping to provide the community with a simple way to gather information and build trading strategies on 3000+ digital currencies. You tailor it to your needs and interests using:

• Live market data
• Live news and coins announcements
• Social trends and sentiment
• GitHub activity
• Other various indicators

As I said previously, we're early stage and are still working on adding new features, data sources, etc. We would really appreciate having your feedback and thoughts.

Please try it out: Cryptonavia.

Yours sincerely,

[hugeblack]

Good work, the project as an idea seems promising but I could not try Beta version so my questions will be general:

 - Can the user choose what he wants from sources or is it mandatory?
 - What is the algorithm to check the authenticity of the news?
 - How can I measure the extent of news on the price? Will it depend on the opinions of specialists or will it be up to the user?
 - How will this mechanism work with shit-coins/scam? Manipulation using twitter account? Fake bumping?FUD?

Finally, will the project be free? Or some paid services will be charged.

[CryptonaviaTeam]

Thank you so much @hugeblack for your interest.

You should definitely try-out the beta if you have some free time! We tried our best to make a unique design and a seamless user experience.

Here is the beta

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Now to your questions:

Can the user choose what he wants from sources or is it mandatory?

We collect data from a variety of trusted sources and active communities (social platforms, blockchain economics, news...). Our ambition is to cover as many sources as possible and bring the most extensive view of the blockchain ecosystem. We use this collected data to build relevant indicators on 3000 crypto-assets, such as prices correlations, sentiment analysis, number of mentions, etc. At the end of the day, it's up to the user to chose between these sources and indicators to build his own dashboard. Nothing is mandatory. Of course, we're very happy to receive any suggestion on how we could build and provide the community with even more compelling indicators!

Right now, we're working on adding new available data sources, so that the user can access every relevant piece of information in a single place.


What is the algorithm to check the authenticity of the news?

We use third parties news aggregator: CryptoControl and BNC Cryptocurrency Newsfeed. They're proficient in identifying trusted and relevant news for every cryptocurrency. In the future, we hope to be able to aggregate and check the authenticity of the news ourselves.


How can I measure the extent of news on the price? Will it depend on the opinions of specialists or will it be up to the user?

Funny you should say that. We're currently working on a widget that would display "hot news" near price charts, for every cryptocurrency. This way you can measure how prices are influenced by news, announcements, regulations, etc. Here is an exclusive preview!

 
How will this mechanism work with shit-coins/scam? Manipulation using twitter account? Fake bumping?FUD?

That's a very interesting question. Right now we collect data from every available crypto and token, without discrimination. You could use our GitHub indicators to identify shit-coins, since most of the time there is no coding activities. But we understand that this might not be enough. What would you suggest we could do to improve in this area?


Finally, will the project be free? Or some paid services will be charged.

Right now the service is completely free and you can access data on 3000+ digital currencies and tokens. Starting in the beginning of 2020, users will have to subscribe to the premium plan ($11.90/month) to have access to all the information and dynamically refreshed data. The free plan with limited crypto and indicators will still be available. Early birds will be granted 6 months of free usage.

[Joel_Jantsen]

I'd say, don't really use social media like reddit/CoinMarketCap to generate authenticity of a coin as these platforms can be heavily manipulated and often users are paid to promote the coin on social media.

What would you suggest we could do to improve in this area?

Can you afford to create data training models or invest in the AI? If not, just hire a user/team of users to manually check the authenticity of every coin including the website, their bitcointalk thread, code and legitimacy of the team members before listing it on your dashboard.

[CryptonaviaTeam]

That's solid advice.

I think combining the coding activity, the website, the whitepaper, and how the team interact with their community (on BitcoinTalk, Telegram, etc.) is a pretty good basis when it comes to evaluate the authenticity of a coin.

We want our analysis to stay neutral, but we might include an authenticity 'score' later on. We plan on developing our own ML models for various tasks if we successfully reach our fundraising goals such as: objectivity/subjectivity of social conversations, news authenticity, and more.

Even though social media might not be relevant to check the authenticity of a coin, it remains crucial in evaluating sentiment and overall reputation.

[CryptonaviaTeam]

Hello everyone,

New functionalities have been released on the website, and I would really appreciate genuine feedback!

Here's a summary:

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How to measure the impact of news?

A very frequent request was to measure the impact of news on price action. We've just released a module that displays the hottest news near price charts, for every cryptocurrency. This can help you measure how prices are influenced by announcements, regulations, etc.

Here are some examples of how this might be used to anticipate trends or retroactively understand price action.

We are working on improving data quality, and adding new data sources to cover as many coins as possible.

Is my crypto portfolio diversified?

When Bitcoin price goes down, this is generally not a good sign for the whole industry. However, they're times when Bitcoin is performing less than other crypto, and times when Bitcoin is the only one standing. The question is: to what extent Bitcoin is driving the market? How correlated are the prices?

We created a way to SEE how correlated are the prices of every coin, thank to this cluster map.

Every circle is a cryptocurrency, and the radius is correlated to the marketcap of the asset. When two coins are linked and close to each other, it means that their prices were highly correlated in the past week. The graph can bring out clusters that can help you understand how diversified is your portfolio: our advice would be to have investments in different clusters.

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We'll keep on bringing new indicators, and we would love to know what features you think should be next.

Yours,