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: 87 Positives: 36.8% Negative: 4.6% Neutral- 58.7%	Neutral to Positive- Neutrals rise
#BTC- Social Media Mentions	Social Mention	Sentiment 2:1 in favor of positives With 55 scores towards neutral	Neutral
Fear to Greed Index	Alternative.me	Score 35–Fear	Negative to Neutral
Fear to Greed Index	CNN Money	Score 52 -Neutral	Neutral

Bitcoin has been a stable zone for over a couple of weeks. The stability somewhat assures that Bitcoin will not be breaching USD 3000 anytime sooner. The street is pretty undecided and looks to remain neutral on the prices. The fear and greed indexes have the first time, over past 2 months, have come in a neutral zone after being in the extreme fear territory.

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 – 87 43.4% Positive 6.1% Negative 50.5%- Neutral	17:0 towards Positives Neutral 74	Neutral to Positive- Dipping Positives
XRP- Ripple	Score 87 37.6% Positive 5.5% Negative 57.0% neutral	9:1 towards Positives Neutral 99	Neutral to Positive, Positive Rising
BCH- Bitcoin Cash	Score 80 27.6 % Positive 5% Negative 67.4% Neutral	5:0 towards positives Neutral 169	Neutral to Positive- Neutrality rising
EOS	Score 78 33.4% Positive 9.3% Negative 57.3%- Neutral	14:0 towards positives Neutral 109	Neutral to Positive- Neutrals moving to positives
XLM-Stellar	Score 98 44.8% Positive 0.5% Negative 54.7% Neutral	3:1 towards positives Neutral 76	Neutral to Positive, Positive rises sharply

Well, the Ethereum Constantinople Upgrade was delayed and that led to the sentiment dampness for Ethereum. While for most altcoins things were neutral, some positivity was noted in altcoins like XRP and XLM indicating their positive inroads to the financial industry.

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