Sentimental Analysis for Cryptocurrencies- January 25

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Sentimental Analysis for Cryptocurrencies- January 25

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: 75

Positives: 23.3%

Negative: 12.7%

Neutral- 64.0%

Neutral moving to Neutrals rise
#BTC- Social Media Mentions Social Mention Sentiment 9:0 in favor of positives

With 46 scores towards neutral and 9 in favor of Positives

Neutrality raising
Fear to Greed Index Alternative.me Score 39–Fear Neutral
Fear to Greed Index CNN Money Score 58 -Greed Positive

Neutrality seems to be the theme with Bitcoin as the price has been stagnating around USD 3500. The Greed and fear index is slowly rising moving from extreme fear zone to more towards greed. Looks like the stability will continue unless some major setback is sighted in the coming week

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

15:1 towards Positives

Neutral 51

Neutral moving towards positive
XRP- Ripple Score 84

31.8% Positive

5.6% Negative

62.6% neutral

12:0 towards Positives

Neutral 79

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

30.3 % Positive

11.6% Negative

58.2% Neutral

9:1 towards positives

Neutral 15

Neutral to Positive- Positives sneaking up
EOS Score 84

32.1% Positive

6.0% Negative

61.9%- Neutral

10:1 towards positives

Neutral 134

Neutral to Positive-

Positives rising

XLM-Stellar Score 92

44.1% Positive

3.8% Negative

52.2% Neutral

5:1 towards positives

Neutral 159

Neutral to Positive, Neutrals rising

 

All altcoins seem to be moving on the positive side apart from XLM which is seeing a bit of neutrality. With sentiment on the positive side, prices rise across altcoins could be sighted in the coming days.

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

 

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Sentimental Analysis for Cryptocurrencies- January 25
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Sentimental Analysis for Cryptocurrencies- January 25
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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. 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.
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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 689 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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