Crypto-focused social analytics firm LunarCrush launched its new API that collects and organizes social media data on greater than 4,000 crypto assets, over 300 NFT collections, and a number of other exchanges, influencers, and LunarCrush person opinions.

The firm introduced the launch of its new API on its official medium account. The announcement cited an estimation from Vantage Market Research, saying that the monetary automation market is predicted to be price round $19.8 billion by 2028. Considering its progress charge, the announcement mentioned that the new API goals to:

“provide a robust, streamlined delivery system designed to support automation for investing, trading, research and modeling on top of LunarCrush datasets.”

In addition to supporting automation, the LunarCrush staff additionally mentioned that they wished the new API to be easy and low cost to work with to help versatile and scalable use circumstances from all market segments.

The announcement publish features a detailed ‘how to get started section to help developers understand the API. The LunarCrush team also decided on a pay-as-you-go model, starting at $1 per day, to make the API more accessible.

LunarCrush

The company monitors social media platforms to capture crypto-related data in real-time. After the collected data is filtered through spam detection, it is analyzed to help users make sense of the movement in social media accounts.

The company believes in the importance of market intelligence and democratizing data to help the crypto sphere flourish. LunarCrush hopes that investors and developers can recognize meaningful relationships across data points and add more details to their analytics with its social analytics tools to make optimized decisions that’ll provide actual worth.

LunarCrush’s different companies

Since the top of 2021, LunarCrush has been saying the launch of a new characteristic each few months. In December 2021, the corporate launched its ‘Opinions‘ feature, which rewarded LunarCrush users with Lunr tokens for each meaningful opinion they posted. By motivating user comments, the company could increase the amount of data to analyze.

A few months later, in April 2022, LunarCrush announced the launch of its DeFi protocol called LunrFi. The new protocol allowed users to stake the company’s native token, Lunr, to earn yields up to 25% per thirty days.

Posted In: Analysis, Technology



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