Cryptocurrency Tools: Santiment

You are currently viewing Cryptocurrency Tools: Santiment

Santiment is a cryptocurrency data analysis tool that focuses on guiding traders into making trading decisions based on data, rather than on emotions. Santiment was founded in Switzerland by cryptocurrency professionals who saw the need for a tool that would guide users through the complex world of cryptocurrency.

Santiment aims to combine on-chain analytics with real-time data from social media and market sentiment.

Santiment provides data in three categories:

  • Content Steams: These are subscription-based services that act as newsletters, providing general information.
  • Sanbase: Sanbase is an analysis page similar to coinmarketcap.
  • Datafeeds: Datafeeds provide technical market data to traders.

Santiment uses a number of metrics in an attempt to predict a potential market cycle top or bottom.

Santiment is mostly accurate, but it is impossible to be correct all the time when trying to predict markets, even with the best analysis. However, Santiment aims to give users the best possible chance of doing so.

Santiment has several key features:

Sanbase Studio is a professional kit of analytical tools, which tracks information on a coin, the team behind it, its history, price action, etc.

Sansheets is an extension that can be added to google sheets, which tracks and computes cryptocurrency information automatically. This can be added to a Google Chrome browser easily.

SanAPI is an API for developers to augment their own platform with Santiment, allowing them to use Santiment metrics in their own development.

SanR is a rather unique feature; it functions as a marketplace for cryptocurrency price signals, where users can submit their own signals which are created using tools in Sanbase Studio. The signals are ranked, and the top 10 users receive a reward of SANs (Santiments own token). Users can also choose to follow the top traders on the leaderboard for future trades.

Similar to LunarCrush, Santiment offers insights and behavioral reports of the markets. This tracks social media also, using words like ‘bullish’ ‘moon’ and ‘buy’ to rate coins.

Like similar platforms, Santiment has some familiar features, such as:

  • Alerts
  • Watchlists
  • Market Metrics
  • Indicators

As mentioned earlier, Santiment has its own token, SAN (Santiment Network Token). Users can stake SAN to gain rewards as well as have access to streams of real-time analytics. SAN can also be used when subscribing to paid Santiment plans.

Santiment provides a steady guide for newcomers to the cryptocurrency space, as well as giving traders some unique tools when facing the market.

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