Crypto Сommunity Monitoring
System for making a forecast of the crypto rates by analyzing social networks.
Development service
Web application
Business niche
Fintech/Crypto
Time spent on the project
3000 hours
Technologies we used
Python, JS, React, Redux
Cryptocurrency Сommunity Monitoring
Is a system for forecasting cryptocurrency rates using analysis of the activity in various social networks. The product was created for traders, data analysts and other specialists dealing with the collection and processing of large amounts of data.
Client/Target audience
Who are interested in the field of cryptocurrency and fintech.
Product overview
Product overview
The idea behind Cryptocurrency Сommunity Monitoring came from a Canadian trader with considerable experience in trading on the cryptocurrency market. To give the project a good start and receive a competitive product, he turned to Owlab as a reliable technical partner.
Important features
Important features
A combination of the client’s deep market insights and Owlab’s operational excellence with powerful technology stack resulted in an efficient system for searching, collecting and aggregating vast amounts of cryptocurrency data.
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Download caseOur development team
Thanks to the efficient and well-coordinated work of a small team, the development of telegram bots saves the client's resources significantly.
- 1
Project manager
- 4
QA specialist
- 1
Designers
- 2
Front-end developers
- 4
Back-end developers
Our approach
Django
This is a Python-based framework for developing web applications with which we created the backend
Python
Python is a high-level, general-purpose programming language with dynamic strong typing and automatic memory management
React JS
This is a JS library for creating user interfaces, we used it for frontend development
REST API
This is an architectural style for an application that uses HTTP requests to access and use data
Testing
We paid special attention to testing the usability of the solution so that its interface has a minimal learning curve.
Django
This is a Python-based framework for developing web applications with which we created the backend
Python
Python is a high-level, general-purpose programming language with dynamic strong typing and automatic memory management
React JS
This is a JS library for creating user interfaces, we used it for frontend development
REST API
This is an architectural style for an application that uses HTTP requests to access and use data
Testing
We paid special attention to testing the usability of the solution so that its interface has a minimal learning curve.
Django
This is a Python-based framework for developing web applications with which we created the backend
Python
Python is a high-level, general-purpose programming language with dynamic strong typing and automatic memory management
React JS
This is a JS library for creating user interfaces, we used it for frontend development
REST API
This is an architectural style for an application that uses HTTP requests to access and use data
Testing
We paid special attention to testing the usability of the solution so that its interface has a minimal learning curve.
Solution overview
Owlab team created and is currently supporting the effective web & mobile mining monitoring & management tools for mining people all over the world.
Owlab collaborated with professional traders to create a system for economic forecasts of cryptocurrencies. This system collects data from many platforms and social networks and calculates the probabilities for successful trading.
Process and outcomes
Cryptocurrency Community Monitoring is an advanced data engineering system that works using ETL flow (Extract, Transform, Load) for future use by Traders, Data Scientists and Data Analysts. The product is based on advanced technologies and focused on social media interaction. To reach the desired scale, flexibility and productivity, the client was offered the following solutions:
The solution included:
A robust back-end engine capable of processing large amounts of data. A distributed collection and computing system ensures maximum efficiency without losses. This approach allows working with multiple data sources steadily, at high speed and with precision.
Parsers work with dozens of sources like Github, Twitter, Reddit, Coinmarketcap, Coingecko and hundreds of thousands of records simultaneously. This solution ensures thorough analysis and offers the user as much current information on cryptocurrency rates as possible.
A system for semantic analysis of messages on social networks to build historical diagrams showing social attitude toward certain currencies.
Intuitive and customizable interface. Information is presented in a user-friendly manner.
Using these solutions, Owlab helped the client to enter the market with an extremely functional and technically advanced product
Process and outcomes
Cryptocurrency Community Monitoring is an advanced data engineering system that works using ETL flow (Extract, Transform, Load) for future use by Traders, Data Scientists and Data Analysts. The product is based on advanced technologies and focused on social media interaction. To reach the desired scale, flexibility and productivity, the client was offered the following solutions:
The solution included:
A robust back-end engine capable of processing large amounts of data. A distributed collection and computing system ensures maximum efficiency without losses. This approach allows working with multiple data sources steadily, at high speed and with precision.
Parsers work with dozens of sources like Github, Twitter, Reddit, Coinmarketcap, Coingecko and hundreds of thousands of records simultaneously. This solution ensures thorough analysis and offers the user as much current information on cryptocurrency rates as possible.
A system for semantic analysis of messages on social networks to build historical diagrams showing social attitude toward certain currencies.
Intuitive and customizable interface. Information is presented in a user-friendly manner.
Using these solutions, Owlab helped the client to enter the market with an extremely functional and technically advanced product
Need help creating a similar solution?
Write to us right now and we will contact you as soon as possible to discuss your business idea in detail.
FAQ
What is crypto trading?
Trading is trading on the stock or currency market and making a profit on the difference in prices. The commodity is the currency of different countries and securities. Crypto trading, respectively, is trading in crypto-currencies.
What is a cryptocurrency?
Cryptocurrency is any kind of currency in digital or virtual form; To protect transactions in cryptocurrency, encryption (cryptography) is used. There is no central authority to issue or regulate cryptocurrencies. A decentralized system is used to record transactions and issue new units.
What is decentralization?
Decentralization is a special process of distribution of power, financial resources or certain efforts. The global governing body does not interfere in such actions. Thanks to this blockchain technology, it is one of the best options for data protection.
How to create your own cryptocurrency?
If you want to create a cryptocurrency, you have several different options. From most difficult to least difficult, you can:
- Create your own blockchain and your own cryptocurrency.
- Change the code of an existing blockchain.
- Create a new cryptocurrency on an existing blockchain.
- Hire a blockchain developer to create a cryptocurrency for you.
You can contact Owlab for cryptocurrency development, because we have over 10 years of experience in the development of blockchain technologies.
- Head/Development Office