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Analysis: The top coins by sentiment heading into August

In this week’s sentiment analysis, Remy Stephens dives in to explore which cryptocurrencies have created buzz as we enter August.

Written by Remy Stephens Published on

Being an alt-coin bag holder these days feels like waiting for a bus you’re not sure is coming.

When $BTC finally turned bullish last month, it seemed inevitable that alt-coins would follow the pattern this year of coming to life a few weeks later.

So far, largely, that hasn’t happened. In fact, some of the highest cap coins have continued an uninterrupted slide that started back in May.

So what gives? Well, as we’ve discussed before, the turnaround in $BTC’s sentiment hasn’t been terribly dramatic, an indication that the nearly 150 traders and influencers I follow for my analysis aren’t convinced the bear market is over. So let’s start there.

This is a risky time to be trading, because it’s pretty clear we’re waiting for $BTC’s next move. Sentiment has remained fairly positive, but the currency’s dip in recent days has more people hedging their bets and tamping down the recent bullish energy.

This is indicative of indecision and hesitance among prominent traders, which could have major implications for the alt market.  The lesson? Be extra careful, because a break downwards could be steep and further crush the already weak alt market.

The Top Alts

In my analysis, these coins/tokens had the highest power rating for the month of July, which is a weighted calculation taking into account sentiment, volume and the number of unique users who mentioned a coin.

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 month.

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Coin Sentiment (of 100) Volume Influencers Power Rating
AAPL 64 6 5 69.75
ABYSS 93 1 1 46.5
ACAT 6 1 1 3
ACED 80 35 5 83.25
ACM 2 2 2 24.25
ACR 87 1 1 43.5
ACT 20 1 1 10
ADA 44 138 48 71.5
ADB 2 1 1 1
ADC 51 1 1 25.5
ADT 40 6 4 56.5
ADX 60 5 3 63.25
AE 70 1 1 35
AEG 10 3 1 18.75
AELF 46 3 1 36.75
AGI 4 1 1 2
AGQ 51 1 1 25.5
AGRS 20 1 1 10
AID 51 1 1 25.5
AION 62 13 9 74.5
AIX 87 1 1 43.5
ALQO 68 18 8 78.25
ALTS 87 1 1 43.5
AMP 64 4 4 66.5
ANIK 2 1 1 1
ANON 64 2 1 42.25
APD 64 2 1 42.25
APH 77 6 1 56.25
APPC 4 1 1 2
ARDR 36 17 10 62.75
ARK 10 5 5 41.75
ARKT 4 1 1 2
ARN 20 1 1 10
ARO 4 5 4 37.5
AST 20 5 4 45.5
ATMI 51 6 3 59.75
AUD 70 1 1 35
AUGUR 11 2 2 28.75
AUMS 70 1 1 35
AURA 51 44 9 71.75
BA 93 1 1 46.5
BAT 61 57 21 78.5
BAY 97 1 1 48.5
BBC 20 3 2 36.75
BBK 86 10 4 82
BBO 20 1 1 10
BBP 40 4 1 35.75
BCASH 20 2 2 33.25
BCC 20 2 2 33.25
BCD 18 5 2 38.75
BCH 46 15 7 66
BCN 15 54 28 55.75
BCO 47 4 4 58
BEEF 20 1 1 10
BELA 38 4 3 51.25
BGG 82 1 1 41
BHN 20 1 1 10
BIS 76 7 6 77.5
BIX 20 1 1 10
BKX 82 2 1 51.25
BLK 20 1 1 10
BLOCK 38 29 14 65.25
BLZ 77 8 5 77.75
BNB 10 5 5 41.75
BNT 20 8 4 48
BNTY 82 1 1 41
BORK 11 1 1 5.5
BPT 11 1 1 5.5
BRD 47 4 1 39.25
BTC 44 47 28 70
BTC] 0 1 1 0
BTCC 51 1 1 25.5
BTCP 10 6 1 22.75
BTCZ 6 1 1 3
BTG 51 5 4 61
BTM 11 1 1 5.5
BTS 37 5 4 54
BTX 0 1 1 0
BWK 38 2676 185 69
BX 51 1 1 25.5
CAH 82 1 1 41
CAN 40 2 1 30.25
CDM 9 2 1 14.75
CDX 87 1 1 43.5
CFI 20 2 2 33.25
CHAT 51 1 1 25.5
CLO 82 2 2 64.25
CNN 79 2 2 62.75
COB 20 1 1 10
COLD 20 1 1 10
COLX 60 20 1 52.5
CON 20 1 1 10
CORN 64 2 1 42.25
COSS 40 2 2 43.25
CPC 70 1 1 35
CRAVE 64 4 1 47.75
CRB 70 1 1 35
CRNC 40 2 2 43.25
CRW 15 6 4 44
CS 87 1 1 43.5
CSS 70 1 1 35
CTL 38 8 2 51.25
CTS 60 4 1 45.75
CURV 20 1 1 10
CVC 20 2 2 33.25
CXD 82 1 1 41
CYDER 87 1 1 43.5
DADI 9 2 2 27.75
DALA 93 1 1 46.5
DASH 92 8 2 78.25
DASH_ 87 1 1 43.5
DAXT 39 3 2 46.25
DB 64 2 2 55.25
DBG 20 2 2 33.25
DCR 81 48 8 86.25
DENT 92 4 3 78.25
DEOS 20 5 1 26.75
DERO 87 2 1 53.75
DEV 95 3 3 77.75
DGB 39 28 12 65.75
DGD 39 3 2 46.25
DIME 51 1 1 25.5
DIS 4 1 1 2
DJI 0 1 1 0
DJIA 20 3 3 40.25
DLT 87 1 1 43.5
DMT 20 1 1 10
DNR 36 16 8 61.75
DNT 17 6 6 47
DOGE 40 34 5 63.25
DOR 70 1 1 35
DRGN 62 112 31 80
DRK 20 1 1 10
DTA 20 1 1 10
DTB 20 3 3 40.25
DXT 93 1 1 46.5
DYN 18 9 3 45.5
DYOR 20 1 1 10
EBTC 0 1 1 0
ECA 62 3 3 61.25
ECC 60 5 1 46.75
EDO 20 1 1 10
EEM 93 1 1 46.5
EFL 6 1 1 3
EITHER 20 1 1 10
ELF 64 6 5 69.75
ELSE 20 1 1 10
EMC2 20 1 1 10
EMRO 20 1 1 10
ENG 37 14 4 58.5
ENJ 20 2 2 33.25
EOS 81 12 3 77.75
EQT 1 1 1 0.5
ESZ 82 1 1 41
ETC 4 5 5 38.75
ETCS 51 1 1 25.5
ETH 78 35 20 86.25
ETHER 82 1 1 41
ETHOS 87 1 1 43.5
ETN 6 1 1 3
ETP 87 12 2 77.25
EUNO 87 6 1 61.25
EVC 97 1 1 48.5
EVE 47 15 4 63.75
EXC 51 1 1 25.5
EXP 70 3 3 65.25
EXUS 38 4 1 34.75
FB 20 1 1 10
FCT 93 1 1 46.5
FE 97 1 1 48.5
FLDC 6 2 2 26.25
FLO 60 4 2 58.75
FOR 17 3 2 35.25
FR8 11 1 1 5.5
FROG 20 1 1 10
FUEL 6 1 1 3
FUN 70 1 1 35
GALA 77 3 1 52.25
GAME 11 5 4 41
GANN 82 1 1 41
GARD 51 1 1 25.5
GAS 47 24 18 70
GBTC 80 6 4 76.5
GBX 68 3 2 60.75
GC_F 70 1 1 35
GCF 70 1 1 35
GET 51 2 1 35.75
GFY 17 7 1 27.25
GIC 97 1 1 48.5
GIN 78 7 4 76.5
GIO 51 1 1 25.5
GLD 51 2 2 48.75
GMD 11 1 1 5.5
GNO 20 1 1 10
GNT 11 4 3 37.75
GO 11 1 1 5.5
GRC 20 1 1 10
GRS 4 1 1 2
GRUB 11 1 1 5.5
GRV 97 3 1 62.25
GS 20 1 1 10
GUP 1 1 1 0.5
GUT 99 1 1 49.5
GVT 15 9 3 44
GXS 20 1 1 10
HAL 51 1 1 25.5
HAS 51 1 1 25.5
HER 20 1 1 10
HEXX 4 1 1 2
HGF 2 1 1 1
HILL 51 3 1 39.25
HIT 51 1 1 25.5
HKN 86 5 3 76.25
HMNY 9 3 3 34.75
HOT 95 4 2 76.25
HT 40 4 2 48.75
HUSH 87 1 1 43.5
HYB 20 1 1 10
HYDRO 86 2 1 53.25
IC 51 1 1 25.5
ICX 36 17 8 62
IDEX 97 3 1 62.25
IF 0 1 1 0
IFT 6 1 1 3
INDEX 51 2 1 35.75
INF 70 1 1 35
INN 70 3 1 48.75
INXT 69 7 2 66.25
ION 40 2 1 30.25
IONC 20 1 1 10
IOST 17 136 32 57.75
IOTA 49 102 30 73.25
IQ 97 1 1 48.5
ITS 11 1 1 5.5
JEW 16 9 1 28
JOSH 51 1 1 25.5
KCS 19 208 70 59
KEC 99 1 1 49.5
KEY 20 10 7 51.75
KICK 20 1 1 10
KIN 40 2 2 43.25
KLKS 9 6 5 42.25
KMD 70 8 5 74.25
KRL 87 14 6 85.5
LAND 95 2 1 57.75
LBA 4 2 2 25.25
LBC 80 5 4 75.5
LBCÏ¿½ 70 1 1 35
LBXP 97 1 1 48.5
LCS 95 1 1 47.5
LEND 79 8 3 75.25
LEV 70 1 1 35
LEX 62 3 3 61.25
LGO 87 1 1 43.5
LIFE 70 1 1 35
LINDA 77 6 4 75
LINK 44 14 4 62
LINX 46 3 1 36.75
LMAO 82 1 1 41
LNS 20 1 1 10
LOOM 49 14 5 65.75
LSK 20 4 3 42.25
LTC 81 6 3 74.75
LULU 70 1 1 35
LUPE 66 17 10 77.75
LUPX 40 2 2 43.25
LUX 44 65 35 70.5
MAID 79 2 1 49.75
MAN 20 12 7 52.25
MANA 79 4 4 74
MBC 64 2 1 42.25
MCO 80 13 2 74
MEDIC 50 17 3 63.5
MEDX 79 4 1 55.25
MENLO 64 2 1 42.25
MET 95 1 1 47.5
MEXO 51 1 1 25.5
MFT 79 6 3 73.75
MGO 11 1 1 5.5
MINT 20 1 1 10
MITH 97 1 1 48.5
MKR 11 1 1 5.5
MNST 20 1 1 10
MNX 20 1 1 10
MONK 20 1 1 10
MRT 40 2 2 43.25
MSP 67 14 4 73.5
MTH 4 2 2 25.25
MTL 36 18 14 63.5
NANO 66 17 6 75.75
NAV 40 2 2 43.25
NCASH 49 27 11 70.5
NDX 2 1 1 1
NEBL 6 4 3 35.25
NEM 20 1 1 10
NEO 77 34 6 82.5
NEXO 63 23 11 77.25
NF 20 1 1 10
NFLX 49 13 6 66.25
NGC 51 2 2 48.75
NIHL 20 1 1 10
NIO 17 3 2 35.25
NIX 51 1 1 25.5
NKTR 70 2 1 45.25
NMC 70 1 1 35
NMR 51 1 1 25.5
NOAH 11 1 1 5.5
NOBS 87 1 1 43.5
NOS 20 1 1 10
NPXS 69 19 10 79.5
NTK 95 1 1 47.5
NULS 11 2 1 15.75
NVDA 82 1 1 41
NVIV 63 7 1 50.25
NXT 20 2 2 33.25
NYA 20 1 1 10
NYE 87 1 1 43.5
NZD 20 1 1 10
OCN 50 18 8 69.25
OCP 70 3 3 65.25
OMB 4 1 1 2
OMG 64 29 6 75.75
ONION 37 5 4 54
ONT 87 4 2 72.25
OPEN 99 1 1 49.5
ORYX 93 1 1 46.5
OST 45 15 4 62.75
PAI 47 4 3 55.75
PARETO 82 2 2 64.25
PASC 60 4 2 58.75
PAY 51 8 7 66.25
PCN 10 3 3 35.25
PERL 20 1 1 10
PEX 20 1 1 10
PHR 69 7 4 72
PINK 82 6 2 71.75
PIVX 36 100 37 67.25
PK 51 11 3 62.5
POA 63 5 3 64.75
POD 60 6 4 66.5
POE 97 2 2 71.75
POLIS 14 4 1 22.75
POLY 19 8 5 48.75
POWR 51 5 3 58.75
PROC 2 1 1 1
PURE 19 8 3 45.25
PURK 20 1 1 10
PYPL 6 1 1 3
PZDC 15 3 1 21.25
Q 6 1 1 3
QASH 97 2 1 58.75
QKC 82 3 3 71.25
QLC 70 1 1 35
QNT 82 1 1 41
QRL 20 1 1 10
QSP 82 1 1 41
QTM 6 1 1 3
QTUM 46 3 3 53.25
QUAN 70 1 1 35
QWARK 70 1 1 35
RADS 9 3 3 34.75
RAIN 20 1 1 10
RCN 40 2 1 30.25
RDD 87 1 1 43.5
RECO 20 1 1 10
REL 99 1 1 49.5
REN 82 2 2 64.25
REP 81 8 7 81.25
REQ 11 1 1 5.5
RFR 70 3 3 65.25
RIC 20 1 1 10
RIOT 70 1 1 35
RLC 97 2 1 58.75
RLT 92 2 1 56.25
RPX 16 6 3 42.25
RSC 20 2 1 20.25
RUBY 20 1 1 10
RUPX 18 8 2 41.25
RUT 0 1 1 0
RVN 49 5 3 57.75
RYO 20 1 1 10
S 0 1 1 0
SAFEX 87 3 1 57.25
SAFU 68 6 6 72.5
SALT 76 9 2 71
SAN 20 1 1 10
SBUX 40 2 1 30.25
SC 63 28 14 77.75
SCRL 63 12 4 71
SEED 20 1 1 10
SEM 51 1 1 25.5
SEN 4 1 1 2
SEND 16 4 3 40.25
SENT 95 2 2 70.75
SHA 86 2 1 53.25
SHARD 64 2 2 55.25
SHIFT 6 2 2 26.25
SIA 51 1 1 25.5
SILVER 11 1 1 5.5
SKY 20 2 2 33.25
SKYBTC 20 1 1 10
SLV 82 1 1 41
SMART 70 3 3 65.25
SMLY 51 1 1 25.5
SNAP 20 1 1 10
SNM 63 11 4 70.75
SNTR 95 1 1 47.5
SOAP 2 2 1 11.25
SOMA 39 3 2 46.25
SONM 82 1 1 41
SPANK 70 1 1 35
SPD 20 3 3 40.25
SPHTX 78 7 2 70.75
SPO 64 2 1 42.25
SPRTS 51 1 1 25.5
SPX 95 2 2 70.75
SPY 15 6 4 44
SS 47 8 6 63.5
STARS 9 2 1 14.75
START 1 2 1 10.75
STEEM 70 2 2 58.25
STONE 19 7 1 28.25
STORJ 51 1 1 25.5
STORM 50 48 20 72.75
STR 86 12 6 84.5
STRAT 87 3 2 70.25
STRC 11 1 1 5.5
SUB 0 1 1 0
SUMO 37 5 3 51.75
SUN 87 6 1 61.25
SWFTC 64 2 2 55.25
SWM 20 1 1 10
SWTH 51 2 2 48.75
SYS 87 3 2 70.25
T 0 2 2 23.25
TAL 20 1 1 10
TAU 87 1 1 43.5
TAYLR 70 1 1 35
TEL 50 18 4 66
TEZOS 17 3 3 38.75
TFD 80 3 3 70.25
THC 16 2 2 31.25
THC- 20 1 1 10
THOMAS 95 1 1 47.5
TKS 20 1 1 10
TKY 45 5 4 58
TNB 82 2 2 64.25
TOMO 87 3 2 70.25
TRAC 15 3 2 34.25
TRC 10 7 1 23.75
TRIG 82 1 1 41
TROLL 93 3 1 60.25
TRON 11 2 2 28.75
TRX 80 3 3 70.25
TUBE 40 12 10 63.5
TVIX 6 1 1 3
TWTR 20 1 1 10
TX 60 4 2 58.75
TXR 0 1 1 0
UA 40 2 1 30.25
UBIQ 20 1 1 10
UBQ 60 19 10 75
URO 51 1 1 25.5
USOIL 51 1 1 25.5
UTN 70 1 1 35
VBK 70 1 1 35
VE 64 2 1 42.25
VEC 11 1 1 5.5
VEE 40 2 2 43.25
VEN 16 8 7 48.75
VEO 16 2 1 18.25
VET 68 136 47 83.5
VIA 67 20 9 78.5
VIB 1 1 1 0.5
VIBE 93 1 1 46.5
VIO 20 2 1 20.25
VIX 6 2 1 13.25
VND 20 1 1 10
VNT 40 2 2 43.25
VNX 47 8 3 59.25
VOISE 11 1 1 5.5
VOX 4 1 1 2
VRC 6 1 1 3
VRH 59 7 2 61.25
VTHO 36 8 2 50.25
VTR 20 1 1 10
VXD 70 1 1 35
WABI 36 8 8 59.25
WAN 76 16 7 81.25
WAVES 59 63 28 77.75
WAX 20 3 2 36.75
WE 93 1 1 46.5
WINGS 70 1 1 35
WMT 51 2 2 48.75
WPR 45 5 4 58
WTC 59 15 4 69.75
XAU 20 2 1 20.25
XBT 40 10 8 62.25
XC 62 3 2 57.75
XCD 20 1 1 10
XCO 20 5 3 43.25
XCP 77 6 2 69.25
XDAG 93 1 1 46.5
XDO 51 1 1 25.5
XEL 82 1 1 41
XEM 51 1 1 25.5
XG 16 21 14 53.75
XGS 70 1 1 35
XHV 46 3 3 53.25
XLM 92 2 2 69.25
XLQ 20 6 5 47.75
XLR 77 3 3 68.75
XMR 76 6 2 68.75
XN 62 3 3 61.25
XP 47 16 2 58.25
XPTX 87 2 2 66.75
XRH 69 12 2 68.25
XRP 79 4 2 68.25
XRX 99 1 1 49.5
XSN 77 5 2 68.25
XSPEC 20 1 1 10
XTZ 67 86 13 81
XVC 6 2 2 26.25
XVG 59 8 4 67.5
XXX 39 3 2 46.25
XYZ 11 1 1 5.5
XZC 19 9 6 50.25
YCE 86 2 2 66.25
YOVI 20 1 1 10
ZA 20 1 1 10
ZAP 51 5 3 58.75
ZCL 39 39 6 63.75
ZEBI 20 1 1 10
ZEC 64 23 11 77.75
ZEN 80 3 2 66.75
ZENZO 20 1 1 10
ZER 51 6 2 56.25
ZIL 63 7 3 66.75
ZLC 92 5 1 62.75
ZRX 87 2 2 66.75

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