Crypto sentiment analysis goes 8 for 9 against the market this week

Plot 1718 (1).png

Time for another transparency check.

The chart above shows how my top 9 picks for this week did against the market. If you're just joining us, my picks are based on a sentiment analysis of 40 crypto traders and influencers I scrape the social media postings for.

The dashed line represents the high point of the CCI30, which I'm using as representation of the market. This week, at its height, the CCI30 was up 14%.

If you played the swing on these trades, for the most part, you made out pretty well. At their high points, only one of the nine coins on my list performed below market — $XRP. Ripple was pretty much a dud for the week.

I'm particularly happy with our first place finishers for last week — $ICX and $TRX — which remain as of this writing well over double over the market gain. $OCN and $SENT get honorable mentions for also remaining above the board as of this writing.

Overall, I can't complain with 8 for 9. Things cooled off for most, but that's true of the market as well. Find the data behind the analysis below. I'll be back this weekend with the weekly analysis, and early next week with the top picks for May.

CoinRankStartHighCurrentHigh ChangeClose Change
WPR8$0.13$0.17$0.1523.00%12.00%
BNB8$13.38$15.93$14.6719.00%10.00%
LEND7$0.07$0.08$0.0723.00%9.00%
SENT6$0.01$0.02$0.0285.00%46.00%
OCN5$0.02$0.03$0.0254.00%20.00%
XRP3$0.87$0.97$0.8311.00%-5.00%
STRAT3$5.81$6.79$6.1417.00%6.00%
TRX1$0.05$0.08$0.0852.00%41.00%
ICX1$3.47$4.80$4.7638.00%37.00%
CCI30-$8,978.00$10,257.00$9,830.0014.00%9.00%

The Influencers

@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
@HonestlyCrypto@crypto_birb@JewKorean
@cryptostaker@cryptodemedici@cryptocobain
@CryptoTutor@CryptoMichNL@CryptoBulld0g

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.

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