After another very tentative and choppy day on the crypto markets, the community's top influencers (full list below) remain cautiously bullish, while waiting to see if Bitcoin will break out of its bear turn.
As you can see in the chart above, influencers remained down on the majors, and their bullish feeling for the Alt market waned a bit. However, the Alt market still garnered a positive ranking, with several coins/tokens making healthy gains amid relatively small movement among the majors. I've added the total number of mentions by day my analysis because it seems when volume goes down, so does positive sentiment (call it the "if you don't have anything nice to say...theory")
Don't know what this is? Check the bottom of the post for an explainer
Here are the stats for the majors today:
| Coin | Positive | Neutral | Negative | Power | Total Mentions |
|---|---|---|---|---|---|
| BTC | 9 | 2 | 8 | 1 | 19 |
| LTC | 2 | 0 | 5 | -3 | 7 |
| ETH | 0 | 0 | 4 | -4 | 4 |
$BTC didn't really move too much over the last 24 hours, an influencers are more-or-less split on where the market's dominant coin will go next. It was another ugly day for both $LTC and $ETH, which brought the major power rating below zero.
The Alts
As I said, the influencers remained fairly bullish on the Alt-market today, though volume and positive mentions both waned.
I've never quite understood the popularity of $TRX, personally, but it continues to be a darling of the influencers after a couple of days of consolidation. $ZRX and $QTUM also got some love today of the coins who received multiple mentioned, while $DNT and $XVG ended up on the bad side of the scale.
Of course, our one constant seems to be that nobody likes $XRP.
Here are the stats for all the coins I tracked today:
| Coin | Positive | Neutral | Negative | Total | Power |
|---|---|---|---|---|---|
| ADA | 1 | 1 | 1 | ||
| BAT | 1 | 1 | 1 | ||
| BCH | 1 | 1 | -1 | ||
| BNB | 1 | 1 | 2 | 0 | |
| BRD | 1 | 1 | 1 | ||
| DMT | 1 | 1 | -1 | ||
| DNT | 1 | 1 | 2 | -1 | |
| ENJ | 1 | 1 | 1 | ||
| EOS | 1 | 1 | 1 | ||
| FUN | 1 | 1 | 1 | ||
| OCN | 1 | 1 | 1 | ||
| QTUM | 2 | 2 | 2 | ||
| RVC | 2 | 2 | 2 | ||
| SENT | 2 | 2 | 2 | ||
| TRAC | 1 | 1 | 1 | ||
| XMR | 1 | 1 | -1 | ||
| XRP | 1 | 1 | 2 | 0 | |
| XVG | 1 | 1 | 2 | -1 | |
| ZRX | 3 | 3 | 3 |
The Influencers
Who am I?
I'm an investigative data journalist during the day, and I've been looking for a way to cut through the noise and get a true sense of what some of the biggest crypto influencers are pushing toward and pulling away from.
Using a pseudonym here because I can't post about this shit on my verified accounts. I've become mildly obsessed with crypto and its constant stream of data and needed an outlet. So here I am.
What is this?
Each week, I scrape the Twitter accounts of some of the crypto world's favorite influencers, traders and TA folk. I run a basic sentiment analysis to see which coins they are mentioning positively, in a neutral way and which they are mentioning in a negative light.
I calculate "power" simply by subtracting negative mentions from positive ones to give an aggregate score. The higher the score, the better, the lower the worse. For the daily rankings, I also create aggregate scores for the majors and the Alt markets. The Alts get a 10 point deduction any time the majors go below zero, since overall the Alt-market has a tough time staying above water when BTC is in a spiral.
This isn't financial advice, just my own way of trying to make sense of what's out there. And as with most things, the more data I collect, hopefully, the more interesting it'll be. This is a work in progress. Please leave suggestions on how to make it better. I imagine if I keep up with it, I'll be able to expand a bunch of the analysis, but I wanted to start somewhere.