Crypto Sentiment Analysis: Top 12 coins heading into week of April 15
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 I do is best suited for swing traders. And the monthly analysis is my more long-term offering.
It's been a long time, but it finally feels like there's some juice returning to the crypto market.
This week, I tracked the social media postings of 30 crypto traders and influencers, collecting data on 126 coins and 432 individual coin/token mentions.
Speaking of that list, it's expanding. From this point forward, I'll be adding @HonestlyCrypto, @crypto_birb, @JewKorean, @cryptostaker, @cryptodemedici, @cryptocobain, @CryptoTutor, @CryptoMichNL, @CryptoBulld0g and @ThisIsNuse to the list. All are worth a follow (those are Twitter handles).
Anyways, 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.
Market Analysis
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It was a pretty good week all around.
$BTC's big move early in the week allowed the majors to turn bullish on our chart for the first time since late March. Subsequently, the Alt market skyrocketed to all-time highs on our chart, before pulling back awaiting $BTC's next move.
The majors turned neutral/bearish yesterday, but I suspect that's changing given $BTC's nice move Sunday morning. Still, worth noting that $BTC was net-bearish for the week. Here's the market summary for the week:
| Coin/Group | Positive | Neutral | Negative | Total Mentions | Power |
|---|---|---|---|---|---|
| BTC | 100 | 45 | 124 | 269 | -24 |
| ETH | 15 | 4 | 10 | 29 | 5 |
| LTC | 36 | 13 | 31 | 80 | 5 |
| BCH | 3 | 0 | 3 | 6 | 0 |
| ALTS TOTAL | 339 | 37 | 55 | 431 | 284 |
The Top 12 Alts
The 12 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.
Be sure to pay attention to how these ratings unfold during the week on the charts. $XVG, for example, would have been this week's runaway winner were it not for it getting hammered Saturday.
9. (TIE) $OCN: +7
9. (TIE) $ICX: +7
9. (TIE) $DRGN: +7
9. (TIE) $ADA: +7
5. (TIE) $LUX: +8
5. (TIE) $LEND: +8
5. (TIE) $ELF: +8
5. (TIE) $BNB: +8
4. $POE: +10
3. $VEN: +11
2. $XVG: +13
1. $NCASH: +17
The Kitchen Sink
As always, here is all the data for the 126 coins/tokens I tracked this week:
| Coin | Positive | Neutral | Negative | Total Mentions | Power |
|---|---|---|---|---|---|
| ADA | 8 | 0 | 1 | 9 | 7 |
| ADX | 1 | 0 | 0 | 1 | 1 |
| AE | 1 | 1 | 0 | 2 | 1 |
| AGI | 1 | 0 | 0 | 1 | 1 |
| AION | 1 | 0 | 0 | 1 | 1 |
| APPC | 1 | 0 | 0 | 1 | 1 |
| AST | 1 | 0 | 0 | 1 | 1 |
| AURA | 1 | 0 | 0 | 1 | 1 |
| BCH | 1 | 0 | 0 | 1 | 1 |
| BIS | 6 | 0 | 0 | 6 | 6 |
| BITG | 1 | 0 | 0 | 1 | 1 |
| BLZ | 0 | 1 | 0 | 1 | 0 |
| BNB | 11 | 1 | 3 | 15 | 8 |
| CMT | 1 | 0 | 0 | 1 | 1 |
| CND | 3 | 0 | 0 | 3 | 3 |
| CXO | 3 | 0 | 0 | 3 | 3 |
| DASH | 1 | 0 | 0 | 1 | 1 |
| DAXT | 1 | 0 | 0 | 1 | 1 |
| DBIX | 1 | 0 | 0 | 1 | 1 |
| DCR | 1 | 0 | 0 | 1 | 1 |
| DCT | 0 | 0 | 1 | 1 | -1 |
| DEV | 2 | 0 | 0 | 2 | 2 |
| DGB | 4 | 0 | 0 | 4 | 4 |
| DGD | 0 | 1 | 1 | 2 | -1 |
| DIME | 0 | 0 | 1 | 1 | -1 |
| DNT | 0 | 1 | 0 | 1 | 0 |
| DOGE | 0 | 0 | 2 | 2 | -2 |
| DRGN | 7 | 0 | 0 | 7 | 7 |
| EDG | 1 | 0 | 0 | 1 | 1 |
| ELA | 2 | 0 | 0 | 2 | 2 |
| ELF | 9 | 1 | 1 | 11 | 8 |
| ENG | 1 | 0 | 0 | 1 | 1 |
| EOS | 7 | 1 | 4 | 12 | 3 |
| EQT | 1 | 0 | 0 | 1 | 1 |
| ESP | 1 | 0 | 0 | 1 | 1 |
| ETC | 1 | 0 | 0 | 1 | 1 |
| FSN | 2 | 0 | 0 | 2 | 2 |
| FUN | 1 | 0 | 1 | 2 | 0 |
| GIN | 1 | 0 | 0 | 1 | 1 |
| GNT | 3 | 0 | 0 | 3 | 3 |
| GTO | 1 | 0 | 0 | 1 | 1 |
| GVT | 5 | 0 | 1 | 6 | 4 |
| HKN | 3 | 0 | 0 | 3 | 3 |
| HSR | 1 | 0 | 0 | 1 | 1 |
| HTML | 0 | 1 | 0 | 1 | 0 |
| HXX | 0 | 0 | 1 | 1 | -1 |
| ICX | 8 | 1 | 1 | 10 | 7 |
| IFT | 1 | 0 | 0 | 1 | 1 |
| INT | 1 | 0 | 0 | 1 | 1 |
| INXT | 0 | 0 | 0 | 0 | 0 |
| IOST | 4 | 0 | 1 | 5 | 3 |
| IOT | 1 | 0 | 0 | 1 | 1 |
| ITC | 3 | 0 | 0 | 3 | 3 |
| KMD | 6 | 0 | 0 | 6 | 6 |
| KNC | 1 | 0 | 0 | 1 | 1 |
| LBC | 1 | 0 | 1 | 2 | 0 |
| LEND | 9 | 0 | 1 | 10 | 8 |
| LINDA | 1 | 0 | 0 | 1 | 1 |
| LINK | 1 | 0 | 0 | 1 | 1 |
| LUN | 4 | 0 | 0 | 4 | 4 |
| LUX | 8 | 0 | 0 | 8 | 8 |
| MANA | 1 | 0 | 0 | 1 | 1 |
| MSP | 2 | 0 | 0 | 2 | 2 |
| MWAT | 1 | 0 | 0 | 1 | 1 |
| NANO | 0 | 0 | 1 | 1 | -1 |
| NAV | 1 | 0 | 0 | 1 | 1 |
| NCASH | 17 | 2 | 0 | 19 | 17 |
| NEBL | 6 | 0 | 1 | 7 | 5 |
| NEO | 4 | 0 | 1 | 5 | 3 |
| OCN | 9 | 0 | 2 | 11 | 7 |
| OMG | 2 | 1 | 0 | 3 | 2 |
| ONT | 2 | 3 | 0 | 5 | 2 |
| OST | 5 | 0 | 1 | 6 | 4 |
| PART | 1 | 1 | 0 | 2 | 1 |
| PIRL | 1 | 0 | 0 | 1 | 1 |
| PIVX | 1 | 0 | 0 | 1 | 1 |
| PLU | 0 | 1 | 0 | 1 | 0 |
| POA | 5 | 0 | 2 | 7 | 3 |
| POE | 10 | 1 | 0 | 11 | 10 |
| POWR | 2 | 0 | 0 | 2 | 2 |
| PPT | 1 | 0 | 0 | 1 | 1 |
| QSP | 1 | 0 | 0 | 1 | 1 |
| RCN | 1 | 0 | 0 | 1 | 1 |
| RDD | 0 | 0 | 1 | 1 | -1 |
| REN | 1 | 0 | 0 | 1 | 1 |
| REP | 1 | 0 | 0 | 1 | 1 |
| REQ | 3 | 0 | 0 | 3 | 3 |
| RVN | 1 | 0 | 0 | 1 | 1 |
| SALT | 1 | 0 | 0 | 1 | 1 |
| SC | 1 | 0 | 0 | 1 | 1 |
| SENT | 3 | 0 | 0 | 3 | 3 |
| SHIFT | 1 | 0 | 0 | 1 | 1 |
| SNGLS | 1 | 0 | 0 | 1 | 1 |
| SNT | 1 | 1 | 0 | 2 | 1 |
| SONM | 3 | 0 | 0 | 3 | 3 |
| SPANK | 1 | 0 | 0 | 1 | 1 |
| SPF | 3 | 0 | 0 | 3 | 3 |
| SRN | 1 | 0 | 1 | 2 | 0 |
| STORM | 2 | 0 | 0 | 2 | 2 |
| STRAT | 1 | 0 | 0 | 1 | 1 |
| SUB | 2 | 1 | 0 | 3 | 2 |
| TEL | 0 | 1 | 0 | 1 | 0 |
| TNC | 1 | 0 | 0 | 1 | 1 |
| TNT | 0 | 1 | 0 | 1 | 0 |
| TRX | 8 | 1 | 3 | 12 | 5 |
| UBQ | 1 | 0 | 1 | 2 | 0 |
| VEE | 2 | 1 | 0 | 3 | 2 |
| VEN | 11 | 0 | 0 | 11 | 11 |
| VIB | 1 | 0 | 0 | 1 | 1 |
| VIBE | 0 | 1 | 0 | 1 | 0 |
| WABI | 1 | 0 | 0 | 1 | 1 |
| WAN | 5 | 2 | 3 | 10 | 2 |
| WAVES | 4 | 0 | 0 | 4 | 4 |
| WPR | 1 | 0 | 0 | 1 | 1 |
| WTC | 2 | 1 | 0 | 3 | 2 |
| XBY | 1 | 0 | 0 | 1 | 1 |
| XEL | 3 | 0 | 0 | 3 | 3 |
| XEM | 0 | 1 | 0 | 1 | 0 |
| XRP | 4 | 4 | 1 | 9 | 3 |
| XRR | 1 | 0 | 0 | 1 | 1 |
| XVG | 29 | 4 | 16 | 49 | 13 |
| XXX | 3 | 0 | 0 | 3 | 3 |
| ZEC | 1 | 0 | 0 | 1 | 1 |
| ZIL | 6 | 0 | 0 | 6 | 6 |
| ZPT | 2 | 0 | 0 | 2 | 2 |
| ZRX | 6 | 0 | 0 | 6 | 6 |
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.
Hey! Nice seeing someone using sentiment analysis in crypto. Can you please tell me what tools did you use to do this?