Crypto Influencer Analysis: Top 10 coins heading into week of April 8
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It was a week gripped with uncertainty and bearish sentiment, but a full week of data from our influencers shows they remain bullish on several alts.
This week, I tracked the social media postings of 30 influencers, counting 494 separate mentions of 93 individual coins or tokens. As always, the full list is at the bottom of this post.
After scraping their social media accounts (and watching videos, etc.) I analyzed each coin mention and categorized it as positive, neutral or negative. I toss out anything that isn't forward looking. The "power" rating is calculated simply by subtracting negative ratings from positive.
The weekly analysis likely benefits swing traders most, as it gives a sense of what coins are generating a lot of buzz heading into a new week of trading. If you're more of a day trader, check out my daily rankings, which will resume tomorrow. For a longer-term trading analysis, check out my monthly rankings, which are posted at the start of every month.
Market Analysis
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Overall, the uncertainty of $BTC and the other majors are weighing heavy on the market. The majors had a net negative sentiment for most of the week, and even with the positive turn in the last few days, influencers and major traders are skeptical.
Here's the breakdown of the majors for the week:
| Coin | Positive | Neutral | Negative | Total Mentions | Power |
|---|---|---|---|---|---|
| BCH | 2 | 0 | 3 | 5 | -1 |
| BTC | 50 | 25 | 73 | 148 | -23 |
| ETH | 7 | 3 | 7 | 17 | 0 |
| LTC | 27 | 7 | 26 | 60 | 1 |
The Top 10 Alts
The 10 below represent the coins or tokens that had the most positive sentiment over the course of the week. The charts show how that sentiment accumulated over the course of the week.
10. $WAVES
9. $POE
8. $DRGN
7. $ADA
6. $LUN
5. $ELF
4. $VEN
3. $TRX
2. $XVG
1. $OCN
The Full Coin List
| Coin | Positive | Neutral | Negative | Total Mentions | Power |
|---|---|---|---|---|---|
| ADA | 4 | 0 | 0 | 4 | 4 |
| AION | 1 | 0 | 0 | 1 | 1 |
| ALQO | 1 | 0 | 0 | 1 | 1 |
| APPC | 0 | 0 | 1 | 1 | -1 |
| ARK | 3 | 1 | 0 | 4 | 3 |
| AST | 1 | 0 | 0 | 1 | 1 |
| BITG | 1 | 0 | 0 | 1 | 1 |
| BNB | 0 | 0 | 1 | 1 | -1 |
| CMT | 1 | 0 | 0 | 1 | 1 |
| CND | 1 | 0 | 0 | 1 | 1 |
| COFI | 1 | 1 | 1 | 3 | 0 |
| CTR | 0 | 0 | 1 | 1 | -1 |
| DAXT | 1 | 0 | 0 | 1 | 1 |
| DCT | 0 | 1 | 0 | 1 | 0 |
| DEV | 0 | 1 | 0 | 1 | 0 |
| DGB | 1 | 0 | 0 | 1 | 1 |
| DGD | 0 | 0 | 1 | 1 | -1 |
| DMD | 1 | 0 | 0 | 1 | 1 |
| DNT | 0 | 1 | 0 | 1 | 0 |
| DRGN | 4 | 0 | 0 | 4 | 4 |
| ECA | 1 | 0 | 0 | 1 | 1 |
| ELA | 2 | 0 | 0 | 2 | 2 |
| ELF | 5 | 0 | 0 | 5 | 5 |
| ENG | 1 | 0 | 1 | 2 | 0 |
| ENJ | 3 | 0 | 0 | 3 | 3 |
| EOS | 1 | 1 | 0 | 2 | 1 |
| GRS | 2 | 0 | 0 | 2 | 2 |
| GVT | 3 | 0 | 0 | 3 | 3 |
| HKN | 2 | 0 | 0 | 2 | 2 |
| HVN | 1 | 0 | 0 | 1 | 1 |
| ICX | 3 | 0 | 2 | 5 | 1 |
| IOST | 4 | 0 | 2 | 6 | 2 |
| ITC | 2 | 0 | 0 | 2 | 2 |
| KMD | 1 | 0 | 0 | 1 | 1 |
| LBC | 0 | 1 | 0 | 1 | 0 |
| LBY | 1 | 0 | 1 | 2 | 0 |
| LEND | 4 | 0 | 1 | 5 | 3 |
| LINK | 1 | 0 | 0 | 1 | 1 |
| LSK | 0 | 1 | 0 | 1 | 0 |
| LUN | 5 | 0 | 0 | 5 | 5 |
| LUX | 1 | 0 | 0 | 1 | 1 |
| MCO | 1 | 0 | 0 | 1 | 1 |
| MTL | 1 | 0 | 0 | 1 | 1 |
| NANO | 1 | 0 | 0 | 1 | 1 |
| NASX | 1 | 0 | 0 | 1 | 1 |
| NCASH | 1 | 2 | 1 | 4 | 0 |
| NEBL | 1 | 0 | 0 | 1 | 1 |
| NEO | 2 | 0 | 0 | 2 | 2 |
| OCN | 16 | 1 | 0 | 17 | 16 |
| OMG | 2 | 0 | 0 | 2 | 2 |
| ONT | 2 | 0 | 4 | 6 | -2 |
| OST | 0 | 0 | 1 | 1 | -1 |
| PIVX | 1 | 0 | 0 | 1 | 1 |
| POA | 0 | 1 | 4 | 5 | -4 |
| POE | 5 | 0 | 1 | 6 | 4 |
| QASH | 1 | 0 | 1 | 2 | 0 |
| RCN | 1 | 0 | 0 | 1 | 1 |
| RCO | 1 | 0 | 0 | 1 | 1 |
| SENT | 2 | 0 | 0 | 2 | 2 |
| SHIP | 1 | 0 | 0 | 1 | 1 |
| SKY | 1 | 0 | 0 | 1 | 1 |
| SNM | 0 | 0 | 1 | 1 | -1 |
| SONM | 1 | 0 | 0 | 1 | 1 |
| SRN | 0 | 1 | 1 | 2 | -1 |
| START | 0 | 0 | 1 | 1 | -1 |
| STEEM | 2 | 0 | 0 | 2 | 2 |
| STORM | 0 | 1 | 0 | 1 | 0 |
| STRAT | 2 | 0 | 0 | 2 | 2 |
| SUB | 1 | 0 | 1 | 2 | 0 |
| TEL | 1 | 1 | 0 | 2 | 1 |
| TRAC | 1 | 1 | 0 | 2 | 1 |
| TRX | 12 | 3 | 6 | 21 | 6 |
| UBQ | 1 | 0 | 0 | 1 | 1 |
| VEN | 6 | 0 | 0 | 6 | 6 |
| VTC | 0 | 0 | 0 | 0 | 0 |
| WAN | 4 | 0 | 1 | 5 | 3 |
| WAVES | 4 | 0 | 0 | 4 | 4 |
| XEM | 2 | 0 | 1 | 3 | 1 |
| XLM | 1 | 0 | 0 | 1 | 1 |
| XRP | 3 | 0 | 3 | 6 | 0 |
| XVG | 17 | 0 | 10 | 27 | 7 |
| XZC | 2 | 1 | 2 | 5 | 0 |
| ZEN | 1 | 0 | 0 | 1 | 1 |
| ZIL | 1 | 0 | 0 | 1 | 1 |
| ZOI | 1 | 0 | 0 | 1 | 1 |
| ZPT | 1 | 0 | 0 | 1 | 1 |
| ZRX | 8 | 0 | 16 | 24 | -8 |
The Influencers
Who am I?
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.
What is this?
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.