Sentimental Analysis for Cryptocurrencies- November 11

Crypto Ratings

Sentimental Analysis for Cryptocurrencies- November 11

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: 46.7%

Negative: 5.6%

Neutral- 47.7%

Neutral to Positive- Positive seem a mild rise
#BTC- Social Media Mentions Social Mention Sentiment 6:1 in favor of positives

With 169 scores towards neutral and 11 in favor of Positives

Neutral to Positive
Fear to Greed Index Alternative.me Score 54–Neutral Neutral
Fear to Greed Index CNN Money Score 18 -Extreme Fear Negative

   

Postives backing Bitcoin according according to the mentions on social media. Fear and Greed index is slowly moving towards Greed in terms of rating. CNN Fear and Greed index is still showing Extreme fear which means there is still buying oppotunites in the market as people are fearful to neutral. Still we see continuing stability till we hear some real good news

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 – 90

49.5% Positive

5.5% Negative

45.1%- Neutral

19:0 towards Positives

Neutral 160

Neutral to Positive- looping to positives
XRP- Ripple Score 86

29.5% Positive

3.4% Negative

67.1% neutral

6:1 towards Positives

Neutral 173

Neutral to Positive, Neutrality rising
BCH- Bitcoin Cash Score 65

20.8 % Positive

10% Negative

69.3% Neutral

9:1 towards positives

Neutral 180

Neutral to Positive- Positives sneaking up
EOS Score 77

27.3% Positive

8.7% Negative

66.0%- Neutral

23:1 towards positives

Neutral 163

Neutral to Positive-

Postives rising

XLM-Stellar Score 91

39.2% Positive

2.6% Negative

58.2% Neutral

4:1 towards positives

Neutral 184

Neutral to Positive, Positive rises

 

Its all about BCH which will see a hard fork coming on 15th November 2018. And that positive spillover is seen on all altcoins. It all seems positive for now for alts but still we will have to wait and see how does the fork comes out for the BCH and also if there would be a ceasefire between the currently divided BCH community. Rest all looks flat to positive for all the top altcoins

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- November 11
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Sentimental Analysis for Cryptocurrencies- November 11
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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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Coingape
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I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. Reach out to me at [email protected]

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