Sentimental Analysis – BTC Remains Neutral while Altocins see a Sharp Rise in Positivity


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Sentimental Analysis – BTC Remains Neutral while Altocins see a Sharp Rise in Positivity

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 by 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 is 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: 82

Positives: 28.4 %

Negative: 6.2%

Neutral- 65.4%

Neutral to Positive, negativity building up
#BTC- Social Media Mentions Social Mention Sentiment 18:1 in favor of positives

With 152 scores towards neutral and 18 in favor of Positives and 1 for negatives

Neutral to Positive
Fear to Greed Index Alternative.me Score 27- Fear Negative- stagnant negativity
CNN Money Greed Fear Index CNN Money Score- 54 Neutral Positive- but dipping

   

All indicators for Bitcoin this week show increasing neutral positive sentiment. Although the negativity is slowly creeping up but its still pretty flat and stagnant to provide any dangers. Neutral sentiment seems to be hanging here till bitcoin gives out some breakthrough which in current scenario looks like a approval for bitcoin RETF.

Also, read: SEC Pulls Stings on ICO’s Issues Investors Alerts

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 94-

45%- Positive

2.5%- Negative

52.5%- Neutral

8:1 towards Positives

Neutral 138

Neutral to positives- negative see a sudden collapse
XRP- Ripple Score 94

17.5 % Positive

1% Negative

84.1% neutral

16:1 towards Positives

Neutral 177

Neutral to Positive- sharp fall in negatives
BCH- Bitcoin Cash Score 73

31.6% Positive

11.6% Negative

56.8% Neutral

6:1 balanced between positives and negative

Neutral 123

Neutral to Positive with negative pumping up
EOS Score 90-

42.9% Positive

4.8%- Negative

52.4%- Neutral

9:1 towards positives

Neutral 55

Neutral to Positive- neutrals and negatives falling
XLM-Stellar Score 87

36.4 % Positive

5.2% Negative

58.4% Neutral

3:1 balanced between positives and negative

Neutral 28

Neutral to Positive with neutrality rising

 

Altcoins, pretty surprisingly, show a rise of positivity in them. Most coins above have seen dips in Negative sentiment clearly showing that there is growing interest of people in them. There could be predictive buy in them as most of them languish is oversold category

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

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Sentimental Analysis - BTC Remains Neutral while Altocins see a Sharp Rise in Positivity
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Sentimental Analysis - BTC Remains Neutral while Altocins see a Sharp Rise in Positivity
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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.
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Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: Nilesh Maurya

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.

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Nilesh Maurya 686 Articles

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.

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