- Santiment introduces “Asset Activity Matrix” to monitor multiple crypto assets.
- The matrix uses hot and cold tabs to depict activity levels.
- Santiment’s new feature does not suggest a buy zone for tokens.
Santiment, a blockchain market intelligence platform, has recently introduced a new feature to enhance the user experience on its platform. This feature, known as the “Asset Activity Matrix”, enables users to monitor the activities of multiple crypto assets through a single dashboard. It provides insights into the on-chain and social activities of numerous crypto assets.
According to the update on X, previously known as Twitter, Santiment has explained that the Asset Activity Matrix employs a hot and cold tab function to depict varying activity levels of a specific token. The hot tab, displayed in red, signifies heightened activity, whereas the cold tab, presented in blue, signifies diminished activity.
Additionally, Santiment has clarified that its display of activity levels is based on data collected over 90 days. Consequently, the dashboard exhibits the activity levels of various tokens throughout this specified timeframe.
The platform asserts that the newly introduced model simplifies user interaction by eliminating the need to open multiple browser tabs. With all essential data consolidated on one page, the platform indicates that tracking the activity of various tokens has become significantly more manageable for users.
In response to a user query, Santiment explained that the model displays varying activity levels but does not suggest a buy zone – an indication for a user to invest in the token. “We advise examining if the network is active due to a price surge,” the post stated.
Since its inception in 2016, the intelligence platform has monitored the actions of almost 2000 cryptocurrency assets, as per the information available on its website. Furthermore, Santiment has reported analyzing more than 7 million social media data points monthly.
