CBDC adoption: Russia enters final phase to test digital ruble
Russia is in the final phase of testing a central bank digital currency (CBDC), which will be used for both national and international...
Is it finally safe to come out and play?
For the moment anyways, it appears $BTC is in some form of a sustained bull trend — though there’s no indication the broader bear market is over yet.
After a nearly two and a half month bleed, sentiment on Bitcoin finally broke out of a sustained downtrend, piercing a point in my analysis that hadn’t been touched in a long while.
Most of the 149 influencers and traders I follow for my analysis have remained positive on $BTC since it broke through the much vaunted $6,800 barrier last week. Few on that list believe this run signals we’re out of the monster bear market we’ve been gripped in since February, but this is the best we’ve seen sentiment on Bitcoin in quite a while.
The pattern suggests to me that we’re likely experiencing something more along the lines of April’s bull charge than a complete shift in the market. But hey, April was fun.
The Top Alts
Here are the 13 coins/tokens that scored above a 75 on my power rating scale, a weighted formula that takes into account sentiment, volume and unique influencer mentions. I don’t include coins in my rankings if they have received less than 5 mentions or have been mentioned by less than 3 unique people.
You can always find methodology and a key to my charts at the bottom of my posts, or pinned to the top of my Twitter page @FOMOcryptoDojo.
13. $SCRL
12. $LBC
11. $NEO
10. $SC
9. $KLKS
8. $POE
7. $WAN
6. $ADA
5. $BWK
4. $ZEN
3. $MSP
2. $DOGE
1. $PHR
| Coin | Sentiment (of 100) | Volume | Influencers | Power Rating |
|---|---|---|---|---|
| ADA | 65 | 32 | 16 | 81 |
| ARDR | 43 | 13 | 7 | 66 |
| AURA | 56 | 27 | 5 | 73.25 |
| BAT | 55 | 16 | 9 | 73 |
| BCH | 10 | 17 | 12 | 51.5 |
| BNB | 59 | 11 | 11 | 74.5 |
| WYS | 92 | 8 | 2 | 80.75 |
| AION | 92 | 4 | 3 | 80.5 |
| TUBE | 86 | 4 | 4 | 79.75 |
| BTC | 34 | 755 | 100 | 67 |
| BWK | 77 | 11 | 5 | 81.5 |
| DCR | 6 | 9 | 5 | 45.75 |
| DGB | 55 | 22 | 12 | 74.25 |
| DOGE | 76 | 24 | 16 | 85.75 |
| GIN | 94 | 4 | 2 | 77.25 |
| DRGN | 15 | 6 | 6 | 49.25 |
| ELF | 6 | 6 | 3 | 40.75 |
| ENG | 42 | 7 | 3 | 59.25 |
| NEXO | 86 | 3 | 3 | 74.75 |
| EOS | 16 | 24 | 6 | 53.75 |
| ETC | 14 | 30 | 14 | 54.75 |
| ETH | 13 | 78 | 31 | 56 |
| HKN | 46 | 7 | 3 | 61.25 |
| ICX | 44 | 21 | 15 | 69.25 |
| KLKS | 76 | 13 | 3 | 78.25 |
| MORE | 97 | 2 | 2 | 72.75 |
| ADH | 77 | 6 | 2 | 72 |
| EVE | 76 | 6 | 2 | 71.5 |
| KMD | 59 | 5 | 4 | 68.5 |
| IOTA | 78 | 3 | 3 | 70.75 |
| KRL | 65 | 7 | 3 | 70.75 |
| OMG | 93 | 2 | 2 | 70.75 |
| XTZ | 78 | 3 | 3 | 70.75 |
| LBC | 78 | 6 | 3 | 76.75 |
| LTC | 14 | 33 | 17 | 55.75 |
| MANA | 58 | 15 | 7 | 74 |
| MFT | 32 | 22 | 6 | 61.5 |
| MSP | 93 | 5 | 4 | 85.5 |
| PPI | 87 | 2 | 2 | 67.75 |
| NANO | 36 | 8 | 4 | 59.25 |
| SS | 66 | 4 | 3 | 67.5 |
| GVT | 74 | 4 | 2 | 67.25 |
| PASC | 86 | 2 | 2 | 67.25 |
| NEO | 60 | 26 | 14 | 77.5 |
| LOOM | 65 | 4 | 3 | 67 |
| PK | 66 | 7 | 2 | 67 |
| OCN | 45 | 10 | 7 | 66.25 |
| ALQO | 78 | 3 | 2 | 66.5 |
| ONT | 13 | 7 | 4 | 47 |
| PAY | 46 | 5 | 4 | 62 |
| PHR | 92 | 22 | 5 | 90.75 |
| POE | 77 | 7 | 4 | 79 |
| DASH | 66 | 3 | 3 | 64.75 |
| EXP | 66 | 3 | 3 | 64.75 |
| UBQ | 62 | 5 | 2 | 63.5 |
| CND | 78 | 2 | 2 | 63.25 |
| ZCL | 66 | 4 | 2 | 63.25 |
| ZLC | 94 | 4 | 1 | 63.25 |
| SC | 66 | 13 | 9 | 78 |
| GRV | 97 | 3 | 1 | 62 |
| SCRL | 66 | 19 | 4 | 76.5 |
| STRAT | 56 | 16 | 7 | 73 |
| TFD | 14 | 13 | 7 | 51.5 |
| TPAY | 44 | 7 | 3 | 60.25 |
| NCP | 78 | 11 | 1 | 60.5 |
| SALT | 60 | 4 | 2 | 60.25 |
| TRX | 41 | 44 | 17 | 69.25 |
| VEN | 33 | 70 | 23 | 65.5 |
| VIA | 62 | 13 | 8 | 76 |
| RLC | 98 | 2 | 1 | 59.25 |
| ATMI | 63 | 3 | 2 | 59 |
| ONION | 63 | 3 | 2 | 59 |
| IOST | 57 | 4 | 2 | 58.75 |
| ATMOS | 95 | 2 | 1 | 57.75 |
| BTG | 58 | 3 | 2 | 56.5 |
| WAN | 62 | 30 | 17 | 79.25 |
| WAVES | 42 | 11 | 7 | 65 |
| WTC | 40 | 11 | 5 | 63 |
| ELA | 42 | 4 | 3 | 55.5 |
| XZC | 78 | 4 | 1 | 55.25 |
| XBT | 46 | 5 | 4 | 62 |
| XLM | 45 | 31 | 13 | 70.5 |
| PURE | 43 | 5 | 2 | 54 |
| XLR | 54 | 16 | 3 | 67.75 |
| XG | 34 | 4 | 4 | 53.75 |
| PIRL | 86 | 2 | 1 | 53.25 |
| VET | 62 | 12 | 1 | 53 |
| POD | 36 | 4 | 3 | 52.5 |
| REP | 40 | 3 | 3 | 51.75 |
| XMR | 33 | 5 | 5 | 56.5 |
| XRP | 10 | 87 | 34 | 54.5 |
| TRBO | 75 | 3 | 1 | 51 |
| XMN | 75 | 3 | 1 | 51 |
| STR | 46 | 3 | 2 | 50.5 |
| TEL | 33 | 6 | 2 | 50 |
| ELIX | 99 | 1 | 1 | 49.5 |
| OPEN | 99 | 1 | 1 | 49.5 |
| XVG | 44 | 13 | 9 | 67 |
| BCN | 98 | 1 | 1 | 49 |
| LEX | 98 | 1 | 1 | 49 |
| BTS | 34 | 3 | 3 | 48.75 |
| NFLX | 34 | 3 | 3 | 48.75 |
| WPR | 34 | 3 | 3 | 48.75 |
| KEY | 36 | 4 | 2 | 48.25 |
| ZEC | 12 | 8 | 5 | 48.25 |
| BITG | 95 | 1 | 1 | 47.5 |
| DIG | 40 | 3 | 2 | 47.5 |
| LCS | 95 | 1 | 1 | 47.5 |
| MAN | 95 | 1 | 1 | 47.5 |
| POWR | 40 | 3 | 2 | 47.5 |
| XBY | 95 | 1 | 1 | 47.5 |
| XXX | 95 | 1 | 1 | 47.5 |
| GLD | 46 | 2 | 2 | 47.25 |
| PCN | 46 | 2 | 2 | 47.25 |
| SUMO | 46 | 2 | 2 | 47.25 |
| ZEN | 94 | 5 | 3 | 83.75 |
| DBIX | 56 | 5 | 1 | 46.5 |
| INN | 66 | 3 | 1 | 46.5 |
| LINK | 56 | 5 | 1 | 46.5 |
| SUN | 93 | 1 | 1 | 46.5 |
| CRAVE | 60 | 4 | 1 | 46.25 |
| ZIL | 45 | 16 | 10 | 68.25 |
| SCT | 63 | 3 | 1 | 45 |
| TX | 63 | 3 | 1 | 45 |
| CTS | 57 | 4 | 1 | 44.75 |
| MCO | 34 | 3 | 2 | 44.5 |
| ALTS | 87 | 1 | 1 | 43.5 |
| DLT | 87 | 1 | 1 | 43.5 |
| DNR | 87 | 1 | 1 | 43.5 |
| EUNO | 87 | 1 | 1 | 43.5 |
| LGO | 87 | 1 | 1 | 43.5 |
| MUE | 87 | 1 | 1 | 43.5 |
| RDD | 87 | 1 | 1 | 43.5 |
| XTO | 87 | 1 | 1 | 43.5 |
| ZPT | 66 | 2 | 1 | 43.25 |
| LSK | 16 | 4 | 3 | 42.5 |
| NPXS | 58 | 3 | 1 | 42.5 |
| LEND | 36 | 2 | 2 | 42.25 |
| SPD | 36 | 2 | 2 | 42.25 |
| ZRX | 46 | 32 | 14 | 71 |
| APD | 60 | 2 | 1 | 40.25 |
| CORN | 60 | 2 | 1 | 40.25 |
| LINDA | 60 | 2 | 1 | 40.25 |
| ANON | 78 | 1 | 1 | 39 |
| CAH | 78 | 1 | 1 | 39 |
| COV | 78 | 1 | 1 | 39 |
| DEV | 78 | 1 | 1 | 39 |
| ESZ | 78 | 1 | 1 | 39 |
| MTC | 78 | 1 | 1 | 39 |
| POLY | 78 | 1 | 1 | 39 |
| QSP | 78 | 1 | 1 | 39 |
| SEND | 78 | 1 | 1 | 39 |
| SLV | 78 | 1 | 1 | 39 |
| SOMA | 78 | 1 | 1 | 39 |
| SONM | 78 | 1 | 1 | 39 |
| SPO | 78 | 1 | 1 | 39 |
| SPY | 78 | 1 | 1 | 39 |
| ACED | 36 | 8 | 1 | 38.75 |
| HILL | 46 | 3 | 1 | 36.5 |
| MTL | 16 | 3 | 2 | 35.5 |
| BBP | 36 | 4 | 1 | 34.25 |
| SNM | 8 | 4 | 2 | 34.25 |
| ARK | 4 | 3 | 3 | 33.75 |
| SENT | 7 | 4 | 2 | 33.75 |
| XSN | 12 | 3 | 2 | 33.5 |
| MWAT | 46 | 2 | 1 | 33.25 |
| ADX | 66 | 1 | 1 | 33 |
| APH | 66 | 1 | 1 | 33 |
| CRB | 66 | 1 | 1 | 33 |
| FUN | 66 | 1 | 1 | 33 |
| GC_F | 66 | 1 | 1 | 33 |
| INF | 66 | 1 | 1 | 33 |
| OST | 66 | 1 | 1 | 33 |
| QWARK | 66 | 1 | 1 | 33 |
| RCN | 66 | 1 | 1 | 33 |
| THETA | 66 | 1 | 1 | 33 |
| TOMO | 66 | 1 | 1 | 33 |
| WINGS | 66 | 1 | 1 | 33 |
| XGS | 66 | 1 | 1 | 33 |
| BLZ | 16 | 2 | 2 | 32.25 |
| ENJ | 16 | 2 | 2 | 32.25 |
| LUX | 16 | 2 | 2 | 32.25 |
| PIVX | 16 | 2 | 2 | 32.25 |
| QTUM | 16 | 2 | 2 | 32.25 |
| STORM | 16 | 2 | 2 | 32.25 |
| BELA | 36 | 2 | 1 | 28.25 |
| BLOCK | 8 | 2 | 2 | 28.25 |
| ECC | 36 | 2 | 1 | 28.25 |
| INXT | 36 | 2 | 1 | 28.25 |
| LINX | 36 | 2 | 1 | 28.25 |
| DYN | 15 | 6 | 1 | 27 |
| JEW | 11 | 8 | 1 | 26.25 |
| WABI | 3 | 2 | 2 | 25.75 |
| NEBL | 1 | 2 | 2 | 24.75 |
| BTCC | 46 | 1 | 1 | 23 |
| CHAT | 46 | 1 | 1 | 23 |
| COSS | 46 | 1 | 1 | 23 |
| ETP | 46 | 1 | 1 | 23 |
| MBC | 46 | 1 | 1 | 23 |
| NAS | 46 | 1 | 1 | 23 |
| NIX | 46 | 1 | 1 | 23 |
| QKC | 46 | 1 | 1 | 23 |
| SPHTX | 46 | 1 | 1 | 23 |
| STEEM | 46 | 1 | 1 | 23 |
| TRAC | 46 | 1 | 1 | 23 |
| TRC | 6 | 7 | 1 | 23 |
| VEE | 46 | 1 | 1 | 23 |
| VNX | 46 | 1 | 1 | 23 |
| YCE | 46 | 1 | 1 | 23 |
| POLIS | 11 | 4 | 1 | 21.75 |
| STONE | 11 | 4 | 1 | 21.75 |
| XP | 8 | 4 | 1 | 20.25 |
| INS | 16 | 2 | 1 | 18.25 |
| XAU | 16 | 2 | 1 | 18.25 |
| AEG | 6 | 3 | 1 | 16.5 |
| BIS | 12 | 2 | 1 | 16.25 |
| NULS | 8 | 2 | 1 | 14.25 |
| SOAP | 2 | 2 | 1 | 11.25 |
| ACT | 16 | 1 | 1 | 8 |
| AMP | 16 | 1 | 1 | 8 |
| ARN | 16 | 1 | 1 | 8 |
| AST | 16 | 1 | 1 | 8 |
| BBO | 16 | 1 | 1 | 8 |
| BLK | 16 | 1 | 1 | 8 |
| BNT | 16 | 1 | 1 | 8 |
| DTB | 16 | 1 | 1 | 8 |
| DYOR | 16 | 1 | 1 | 8 |
| EDO | 16 | 1 | 1 | 8 |
| GNT | 16 | 1 | 1 | 8 |
| GS | 16 | 1 | 1 | 8 |
| IONC | 16 | 1 | 1 | 8 |
| KICK | 16 | 1 | 1 | 8 |
| MCM | 16 | 1 | 1 | 8 |
| MENLO | 16 | 1 | 1 | 8 |
| MNX | 16 | 1 | 1 | 8 |
| NCASH | 16 | 1 | 1 | 8 |
| NF | 16 | 1 | 1 | 8 |
| NIHL | 16 | 1 | 1 | 8 |
| NOS | 16 | 1 | 1 | 8 |
| PEX | 16 | 1 | 1 | 8 |
| PRL | 16 | 1 | 1 | 8 |
| QRL | 16 | 1 | 1 | 8 |
| RAIN | 16 | 1 | 1 | 8 |
| SAN | 16 | 1 | 1 | 8 |
| SNAP | 16 | 1 | 1 | 8 |
| TAL | 16 | 1 | 1 | 8 |
| TKS | 16 | 1 | 1 | 8 |
| UBIQ | 16 | 1 | 1 | 8 |
| VTHO | 16 | 1 | 1 | 8 |
| XCO | 16 | 1 | 1 | 8 |
| REQ | 8 | 1 | 1 | 4 |
| VEO | 8 | 1 | 1 | 4 |
| XYZ | 8 | 1 | 1 | 4 |
| DNT | 4 | 1 | 1 | 2 |
| GFY | 4 | 1 | 1 | 2 |
| KIN | 4 | 1 | 1 | 2 |
| VRC | 4 | 1 | 1 | 2 |
| GAME | 3 | 1 | 1 | 1.5 |
| XCP | 3 | 1 | 1 | 1.5 |
| NIO | 2 | 1 | 1 | 1 |
| XTL | 1 | 1 | 1 | 0.5 |
| BND | 0 | 1 | 1 | 0 |
| DJI | 0 | 1 | 1 | 0 |
| MTH | 0 | 1 | 1 | 0 |
| VRH | 0 | 1 | 1 | 0 |
| WAX | 0 | 1 | 1 | 0 |
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.