3 Alt coins with negative sentiment despite huge days

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·@remystephens·
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3 Alt coins with negative sentiment despite huge days
![Plot 1682 (11).png](https://steemitimages.com/DQmT84ATYwhEXhEFF63t9nrD6YyKTWQNS1WszKd2hHjMQZ6/Plot%201682%20(11).png)

<i>General reminder: This is one of three types of sentiment analysis I do. The daily analysis will likely only benefit short term traders. [The weekly analysis](https://steemit.com/cryptocurrency/@remystephens/crypto-sentiment-analysis-top-12-coins-heading-into-week-of-april-15) I do is best suited for swing traders. And [the monthly analysis](https://steemit.com/cryptocurrency/@remystephens/crypto-power-rankings-top-15-coins-tokens-heading-into-april) is my more long-term offering.</i>
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Another day, another charging bull move for the Alt market. 

I'm now following 40 prominent crypto traders and influencers, and needless to say, they were bullish on Alts. In fact, alts reached their second ATH in as many days in my analysis. 

But the thing that struck me most in my data today was the negative sentiment some of the best performing coins received. Those coins are: 

* <b>$XLM (Stellar Lumens)</b>

* <b>$BAT (Basic Attention Token)</b>

* <b>$ZRX (0x)</b>

I said I was going to stop doing daily analysis of alts because it wasn't showing me much that was interesting. But this *is* interesting.  The sentiment on these coins doesn't suggest anything about their long term health, but rather their short-term prospects. 

Unlike other coins ($ICX, $BNB, $LEND) that posted solid gains, these three coins have made some jaw-dropping moves. Consensus seems to be that they need to cool off, with several crypto traders and influencers warning followers not to FOMO buy, that better entry points will inevitably present themselves. I thought that was worth noting.  

Elsewhere, the majors posted their first rating in bullish territory in nearly a week. Here's the market breakdown, as well as the six coins I mentioned above: 

<i>Reminder that Alt coins now receive 0.5 points per mention</i>

| Coin | Positive | Neutral | Negative | Total | Power |
|------|----------|---------|----------|-------|-------|
| BTC  | 5        | 2       | 1        | 8     | 4     |
| ETH  | 3        |         |          | 3     | 3     |
| LTC  | 4        |         | 1        | 5     | 3     |
| ALTS | 105      | 5       | 33       | 143   | 36    |
| XLM  | 2        |         | 4        | 6     | -2    |
| BAT  | 2        |         | 3        | 5     | -1    |
| ZRX  | 3        |         | 4        | 7     | -1    |
| BNB  | 5        | 1       | 1        | 7     | 4     |
| LEND | 4        |         |          | 4     | 4     |
| ICX  | 8        |         | 2        | 10    | 6     |



<h3>The Influencers</h3> 

| @MagicPoopCannon | @CryptoKevyn | @CryptoChoe |
|------------------|-----------------|------------------|
| @Crypto_Ed_NL | @cryptoWalk3r | @CryptoDonAlt |
| @CryptoHornHairs | @CryptoYoda1338 | @Pacoiin |
| @cryptoSqueeze | @CryptoGat | @CryptoTutor |
| @Haejin_Crypto | @Anbessa100 | @davidgokhshtein |
| @Crypto_Rand | @Crypto_Capone | @Socal_Crypto |
| @CryptoCred | @whatbitcoindid | @BigCheds |
| @VentureCoinist | @BigChonis | @RektCapital |
| @tehMoonwalker | @notsofast | @CryptOrca |
| @TheCryptoMonk | @TheBlond82 | @CryptoWildWest |


<h3>Who am I?</h3>

I'm an investigative data journalist during the day, and I've been looking for a way to cut through the noise and get a true sense of what some of the biggest crypto influencers are pushing toward and pulling away from.

Using a pseudonym here because I can't post about this shit on my verified accounts. I've become mildly obsessed with crypto and its constant stream of data and needed an outlet. So here I am.

<h3>What is this?</h3>

Each week, I scrape the Twitter accounts of some of the crypto world's favorite influencers, traders and TA folk. I run a basic sentiment analysis to see which coins they are mentioning positively, in a neutral way and which they are mentioning in a negative light.

I calculate "power" simply by subtracting negative mentions from positive ones to give an aggregate score. The higher the score, the better, the lower the worse. For the daily rankings, I also create aggregate scores for the majors and the Alt markets. The Alts get a 10 point deduction any time the majors go below zero, since overall the Alt-market has a tough time staying above water when BTC is in a spiral.

This isn't financial advice, just my own way of trying to make sense of what's out there. And as with most things, the more data I collect, hopefully, the more interesting it'll be. This is a work in progress. Please leave suggestions on how to make it better. I imagine if I keep up with it, I'll be able to expand a bunch of the analysis, but I wanted to start somewhere.
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