Daily Crypto Sentiment Analysis: Another roaring day for Alt market
cryptocurrency·@remystephens·
0.000 HBDDaily Crypto Sentiment Analysis: Another roaring day for Alt market
.png) <i>Another quick change to the format. Since the volume of Alt coin mentions so exceeds the majors, I've decided to change the point format for total market analysis to 0.5/-0.5 points for each mention. Makes the chart make more sense. Weekly/Monthly analysis won't be affected by this. </i> <hr> It was another great day for Alt coins today, but God damn were the $XVG haters out in force. Their much ballyhooed announcement was a partnership with Pornhub, which had everyone talking. Verge received 38 separate mentions today, negative by about 2:1, and finished with a -13 rating on the day. That's the lowest any Alt coin has received on a single day since I started doing this. This came in tandem with the anticipated "sell the news" crash, but much of the sentiment was vitriol for the project itself rather than the market action. Be interesting to watch how the next few weeks unfold. Otherwise, with $BTC remaining neutral to slightly bearish, the alt market largely flourished. Alts reached their second ATH on my analysis this week, while the majors remain in the neutral/no trade zone. Here's the market breakdown for today: | Coin | Positive | Neutral | Negative | Total Mentions | Power | |------|----------|---------|----------|----------------|-------| | BTC | 6 | 7 | 8 | 21 | -2 | | ETH | 1 | 0 | 1 | 2 | 0 | | LTC | 4 | 0 | 1 | 5 | 3 | | ALTS | 105 | 6 | 38 | 149 | 33.5 | <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.