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Analysis: 10 coins with highest sentiment heading into the week

In a new analysis, Remy Stephens explores ten altcoins surpassing expectations with positive sentiment from communities and investors.

Written by Remy Stephens Published on

There always seems to be another leg down these days.

Bitcoin largely continued its descent and the months-long Alts continued to bleed alongside it, marking another grueling week in our prolonged bear market.

That’s not to say there isn’t hope. There’s always hope.

This week I tracked more than 200 coins mentioned by the stable of nearly 150 traders and influencers I follow and there were a couple of things that jumped out at me, despite a continuation of the trend.

Let’s look at the market sentiment charts.

Note: The chart above shows sentiment for $BTC and a combination of the top 20 Alt coins/tokens as of this writing on CoinMarketCap. 

So first, the good news. Sentiment on both the Alts and $BTC are in the positive and rising to start the week. It’s the first time in a while they’ve gone up together in unison.

Secondly, you’ll note many of the large market cap coins that have been absent from the top weekly coins have made their return this week, which may be an indication that we’re nearing a bottom and people see value.

But now for the bad news.  We’re clearly in a downtrend on sentiment, and there’s nothing indicating any kind of breakout on the horizon.  It could happen today, tomorrow or the next day, but it’s just as possible that we dive back down again — the sentiment uptrend as it stands remains inline with the downtrend.

Stay vigilant. It’s a lot easier to get rekt than it is to catch a knife.

The Top Alts

These coins/tokens had the highest power rating in my analysis this week. The power rating is a weighted calculation taking into account sentiment, volume and the number of unique users who mentioned a coin. Generally, I eliminate any coins mentioned by less than 3 individual people as I don’t feel it would be representative of a trend.

You can always find my methodology at the bottom of my posts or pinned to the top of my Twitter page, where you can also find a legend for my charts.

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The Data

As always, here is all the data I collected this week.

CoinSentiment

(of 100)

VolumeInfluencersPower Rating
ABYSS553142
ACED522135.75
ADA57151174.75
ADX8114
ALQO291114.5
AMB291114.5
AMP0110
ATMI8114
ATMOS951147.5
AURA717270.5
BA601130
BAT77241286.25
BAY291114.5
BCC0110
BCCB291114.5
BCH1615853.5
BCN213344.25
BCO601130
BHC3111.5
BIS862152.75
BITG801140
BLK522135.75
BLOCK287133.5
BLX291114.5
BNB4915970.25
BNT881144
BRD522135.75
BTC475988773.5
BTC:602255.25
BTCC801140
BTCP291114.5
BTS881144
BWK1511348.25
BXY991149.5
CATO884379.75
CDM236130.5
CHAT971148.5
CHI801140
CLF8114
CND601130
COINS601130
COLX294131
CORN291114.5
COSM8114
CPC801140
CRAVE286133
CRW507144.5
CV881144
CVC16118
DASH802265.25
DAXT293348.25
DB232121.25
DBIX973278.5
DBX801140
DCR503358.75
DENT742146.75
DEV577148
DGB942156.75
DGPT8114
DIS801140
DJI601130
DJIA291114.5
DNR735269.75
DOGE7918986
DRGN22226.25
DTB882269.25
DYN73118
ECC232121.25
ENJ291114.5
ENK0110
EOS22211058.5
ETC481474573.5
ETF602255.25
ETH28824163.5
ETHBTC604467.5
ETHO742146.75
ETP293129
EVE32111.25
EXUS291114.5
FACE16118
FB265246.25
FLO742262.25
GALA862268.25
GBX54119
GFY83118.5
GIN75340.5
GNT8114
GOAT882153.75
GRS601130
GRV291114.5
GTO291114.5
GVT697269.5
HKN232121.25
HMNY5214770.75
HOT8811486.5
IC981149
ICX59201277
ICX:142232.25
IDXM291114.5
IGNIS291114.5
IOTA1410449.25
JEW294131
KEY292239.75
KLKS7916382
KMD882269.25
LBC601130
LEND951147.5
LINDA765155.75
LINK553257.5
LTC25271661
LUPX882153.75
LUX291114.5
MEDX862152.75
MFT293244.5
MORE982158.75
MSP16118
MTL291114.5
MUE803154.5
MWAT292124.25
NAS291114.5
NAUT291114.5
NCP291114.5
NDX291114.5
NEBL62112.75
NEO51242073.75
NFLX291114.5
NIO708156
NIX3111.5
NKTR717155
NNC601130
NPXS239132.75
NVAX601130
OCN605569.5
OCP292239.75
OMG553142
ONT1001150
OST747779
OSTK607149.5
PHR6915272.5
PIRL7010578
PIVX2911457
POA522251.25
POE602255.25
POLIS156126.5
POLY133340.25
PRO291114.5
PTOY8114
PZDC586148
PZZA291114.5
QQQ232121.25
QSP16118
REP22226.25
RISE291114.5
RMHB801140
RUPX787158.5
RVN0110
SC881144
SCRL857381.25
SEC291114.5
SEELE291114.5
SEM951147.5
SENT954279.5
SHIFT162233.25
SNAP87123.5
SNM884276
SPX574364.25
SPY56237
STEEM801140
STONE217130
STORE162117.75
STRAT16118
TEL951147.5
THOR881144
TPAY981149
TRC292124.25
TROLL602139.75
TRX5212971
TRY295554
TUBE163341.75
TX784155.5
U1110.5
UBQ801140
USO601130
VEF291114.5
VEN885381
VET7720784.5
VIA292124.25
VIKKY3111.5
VIX291114.5
VNT723150.5
VRH801140
VTHO742262.25
WAN59181276.75
WAVES5814266.75
WE801140
WENDY601130
WINGS205243.25
WMT881144
WTC133236.5
XAU273243.5
XBT62228.25
XEM22226.25
XG602139.75
XHV488767.5
XLM5413972.25
XLQ864275
XLR6015371.75
XMR704472.5
XRP14451956
XSN273128
XTO291114.5
XVG2214655.75
XZC4915568.75
ZCL5625975.25
ZEC503358.75
ZIL165446.75
ZPT7225379.25
ZRX2613657.5

 

Methodology

Each week, I scrape the Twitter accounts of some of the crypto world’s favorite influencers, traders and TA folk. I run a sentiment analysis to see which coins they are mentioning positively, neutrally and which they are mentioning in a negative light.

I also take in data on unique influencers, retweets, favorites, volume and strength of feeling in sentiment.

I calculate power by through a weighted formula that takes into consideration volume, number of unique influencers and sentiment. The higher the score, the better, the lower the worse.

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.

Start trading cryptocurrency with Coindirect.

Written by

Remy Stephens is a longtime data journalist from the U.S. who became mildly obsessed with cryptocurrency in 2017. More of his sentiment analysis can be found on Steemit. @FomoCryptoDojo

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