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Analysis: 14 coins with sizzling sentiment heading into this week

In this week’s analysis, Remy Stephens charts fourteen cryptocurrencies with positive sentiment – including Solaris, Monero, Zeepin and more!

Written by Remy Stephens Published on

When I sit down to write these weekly posts, it always seems like we’re right on the precipice of something big.

Maybe I should stop writing them at the start of the trading week.

Both Bitcoin and the Alt markets had very good weeks after very bad stretches and now we’re all left wondering if they were the start of something, or just a pile of dead cats.

My sentiment analysis of nearly 150 crypto influencers and traders show most are pretty split too.

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

There’s no denying that people feel pretty good about the Alt market hitting some kind of bottom after a miserable start to the month. And there are more big market cap Alts at the top of my rankings this week, which I view as a positive sign as these coins have more broad sway on the market in general.

But sentiment on Bitcoin turned bearish over the weekend, and it’s hard to imagine $BTC making a move south without taking the Alts with it.

As I’ve written before, the broader sentiment on $BTC seems to be that folks do not believe we’re out of the bear market yet. And, if anything, the sentiment pattern looks closest to what we saw in the first and third weeks of June, when we had decent short-term stretches followed by big drops.

Everything’s a risk in this space, but stay vigilant if you’re in on Alts. Even the best of them have a hard time withstanding a big $BTC drop.

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 compiled for this week.

CoinSentiment (of 100)VolumeInfluencersPower Rating
ACED676271.5
ACT681134
ADA1312953
ADX241112
AION241112
AKA14117
ALQO143343.75
AMB531126.5
ANON772151.25
APEC891144.5
APIS681134
APPC652262.5
APPL242124.75
ARDR652145.25
ARK63237.25
ARO243348.75
AST241112
ATVI531126.5
AUD142119.75
AURA803274.25
BAC801140
BAT669577.5
BAY531126.5
BCASH241112
BCH49251573.25
BCN891144.5
BCO241112
BCPT242124.75
BIS9114.5
BLOCK462135.75
BNB468768.5
BNT242124.75
BOB531126.5
BPT962160.75
BRD241112
BTC425628671
BTCC62233
BTCP882156.75
BTCZ9114.5
BTG241112
BTS3111.5
BWK7510481
CAN772268.5
CATO962160.75
CBS801140
CDM531126.5
CGC241112
CHAT493258.75
CLDR681134
CLO241112
CLOAK241112
COLX533143.5
CRAVE681134
CRNC6113
CRW14117
DAL531126.5
DASH241112
DAXT¶__S531126.5
DBIX434257.5
DETH531126.5
DEV647270.75
DGB506466.75
DGD62115.75
DIS112118.25
DNR241112
DNT0110
DOCK6113
DOGE4811467.5
DOR971148.5
DRGN93341.25
DXY504143.75
ECC241112
EDO3111.5
ELA241112
ENG0110
EOS1314652.75
ES241112
ESP14117
ETC52512575.5
ETCBTC772151.25
ETH211415560
ETH¶_Ý241112
ETP506466.75
EUR801140
EXP801140
EXUS241112
F142119.75
FDR801140
FLDC6113
FLO531126.5
FOR243129
FOR¶_Ý1110.5
FROG922158.75
FT962160.75
GAT801140
GBP681134
GET681134
GFY214129.25
GIN774478.25
GOAT531126.5
GOOG531126.5
GRS3111.5
GRV941147
GVT633265.75
GXS531126.5
HER241112
HLM9114.5
HMNY2320557.5
HMT532139.25
HOT687678.5
HPB681134
HTB531126.5
HVN531126.5
I485261
ICX45201270.25
IFT241112
INS9114.5
INXT532139.25
IOST224349.5
IOT443139
IOTA146448.75
JC801140
JD462135.75
JEW9114.5
JEX673150.5
JPY941147
KCS435563.5
KEY882156.75
KLKS7712482.25
KMD801140
LBRY0110
LGD531126.5
LIFE991149.5
LINDA765377.5
LINK684270
LSK145346.5
LSK¶_Ý241112
LTC44211470.25
LUPX14117
LUX776379
MAID241112
MAN801140
MANA462135.75
MEC241112
MFT224450.75
MORE892274.5
MRT1110.5
MTC241112
MWAT772151.25
NANO207553.75
NAV3111.5
NCASH681134
NDB6113
NEBL971148.5
NEO45361871.5
NEXO924164.75
NFLX123123
NIO635151.25
NKTR681134
NOVO681134
NPXS245131.75
NPXS¶_Ý14117
NVDA241112
OCN809685.25
OMFG681134
OMG435563.5
ONT538570.75
OSTK142237
PAC801140
PAY13234.75
PHR5119368.75
PHR¶_Ý1110.5
PIRL766276
PIVX508147
POA241112
POE241112
POLIS971148.5
POLY195450.25
POWR242242
PPC241112
PPT241112
PROC241112
PY1001150
QASH62233
QKC531126.5
QNT241112
QTUM142237
RAVEN241112
REP801140
ROKU241112
RUPX681134
RVN2022556.25
SALT34120.25
SCRL772268.5
SCT241112
SEM891144.5
SENT6411778
SEQ801140
SHA892157.25
SHIFT891144.5
SKY882156.75
SLV241112
SMQ801140
SNM32231.5
SPHTX212123.25
SPX464462.75
SPY142119.75
STONE892157.25
STORE1110.5
STORM953281.75
STR941147
STRAT116346
SUB14117
SUN971148.5
TEL922276
TFD126346.5
TOMO803376.75
TPAY971148.5
TRAC531126.5
TRI532256.5
TROLL242124.75
TRX66211481.25
TUBE532256.5
USO673150.5
UUU0110
VET51471274
VET¶_Ý241112
VIA652145.25
VIBE971148.5
VIX873160.5
VNT941147
VTHO882156.75
VYM681134
WAN6819781
WAVES6411576.75
WAX241112
WGR801140
WMT532139.25
WTC64121.75
WYS891144.5
XAU241112
XBT241112
XEM801140
XG681134
XHV5316672.75
XHVD134125.25
XLM52161273.25
XLR875383
XMR807482.5
XPT681134
XPY241112
XRB681134
XRP22422160
XSN14117
XTZ241112
XVG487567.75
XZC5318471
YCE241112
ZAR531126.5
ZCL5313266.75
ZCL¶_Ý3111.5
ZEC247656.5
ZER681134
ZIL443256.25
ZPT8012280
ZRX22301159

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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