Crypto Sentimental Analysis: Bitcoin moving Neutral to Neutrals rise While ETH And XRP Moving Toward Neutral to Positive

Crypto Market Sentimental

Crypto Sentimental Analysis: Bitcoin moving Neutral to Neutrals rise While ETH And XRP Moving Toward Neutral to Positive

Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment.

Bitcoin Sentimental Analysis

As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening

Analysis Type Tool Analysis- Score Sentiment
#BTC – Hashtag Analysis Keyhole Score: 78

Positives: 23.3%

Negative: 12.7%

Neutral- 61.0%

Neutral moving to Neutrals rise
#BTC- Social Media Mentions Social Mention Sentiment 2:1 in favor of positives

With 152 scores towards neutral and 9 in favor of Positives

Neutrality raising
Fear to Greed Index Alternative.me Score 44–Fear Negative
Fear to Greed Index CNN Money Score 61 -Greed Positive

   

Bitcoin had a bit of a dip this week, with price inching below USD 3900. The greed and fear index has moved a towards the greed side, showing that investors are still buying despite a bit of sluggishness. The other two indicators show a bit of neutrality signifying still a confused view on the sentiment of Bitcoin.

Altcoin Sentimental Analysis

Fear and Greed index is only available for BTC as not may altcoins have all components required to calculate it

Altcoin Keyhole #  analysis Social Mention Sentiment
ETH- Ethereum Score – 82

27.3% Positive

5.7% Negative

67%- Neutral

81 towards Positives

Neutral 12

Neutral moving towards positive
XRP- Ripple Score 84

31.8% Positive

5.6% Negative

62.6% neutral

3:1 towards Positives

Neutral 172

Neutral to Positive, Positive rising
BCH- Bitcoin Cash Score 72

30.3 % Positive

11.6% Negative

58.2% Neutral

10:1 towards positives

Neutral 48

Neutral to Positive- Positives sneaking up
EOS Score 84

32.1% Positive

6.0% Negative

61.9%- Neutral

8:1 towards positives

Neutral 100

Neutral to Positive-

Postives rising

XLM-Stellar Score 92

44.1% Positive

3.8% Negative

52.2% Neutral

7:1 towards positives

Neutral 15

Neutral to Positive, Positives  rising

 

All altcoins seem to be moving on the positive side on the sentiment which indicates that we could see some price rise. Unless some major setback is seen in any of the coins, the sluggishness in the altcoins could subside in coming days

Will this sentiment actually pull back the prices? Do let us know your views on the same.

 

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Crypto Sentimental Analysis: Bitcoin moving Neutral to Neutrals rise While ETH And XRP Moving Toward Neutral to Positive
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Crypto Sentimental Analysis: Bitcoin moving Neutral to Neutrals rise While ETH And XRP Moving Toward Neutral to Positive
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Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to
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Abhinav Agarwal 72 Articles

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help few notable startups in generating initial traction. Reach out to me at [email protected]

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