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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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CoinSentiment (of 100)VolumeInfluencersPower Rating
AAPL646569.75
ABYSS931146.5
ACAT6113
ACED8035583.25
ACM22224.25
ACR871143.5
ACT201110
ADA441384871.5
ADB2111
ADC511125.5
ADT406456.5
ADX605363.25
AE701135
AEG103118.75
AELF463136.75
AGI4112
AGQ511125.5
AGRS201110
AID511125.5
AION6213974.5
AIX871143.5
ALQO6818878.25
ALTS871143.5
AMP644466.5
ANIK2111
ANON642142.25
APD642142.25
APH776156.25
APPC4112
ARDR36171062.75
ARK105541.75
ARKT4112
ARN201110
ARO45437.5
AST205445.5
ATMI516359.75
AUD701135
AUGUR112228.75
AUMS701135
AURA5144971.75
BA931146.5
BAT61572178.5
BAY971148.5
BBC203236.75
BBK8610482
BBO201110
BBP404135.75
BCASH202233.25
BCC202233.25
BCD185238.75
BCH4615766
BCN15542855.75
BCO474458
BEEF201110
BELA384351.25
BGG821141
BHN201110
BIS767677.5
BIX201110
BKX822151.25
BLK201110
BLOCK38291465.25
BLZ778577.75
BNB105541.75
BNT208448
BNTY821141
BORK11115.5
BPT11115.5
BRD474139.25
BTC44472870
BTC]0110
BTCC511125.5
BTCP106122.75
BTCZ6113
BTG515461
BTM11115.5
BTS375454
BTX0110
BWK38267618569
BX511125.5
CAH821141
CAN402130.25
CDM92114.75
CDX871143.5
CFI202233.25
CHAT511125.5
CLO822264.25
CNN792262.75
COB201110
COLD201110
COLX6020152.5
CON201110
CORN642142.25
COSS402243.25
CPC701135
CRAVE644147.75
CRB701135
CRNC402243.25
CRW156444
CS871143.5
CSS701135
CTL388251.25
CTS604145.75
CURV201110
CVC202233.25
CXD821141
CYDER871143.5
DADI92227.75
DALA931146.5
DASH928278.25
DASH_871143.5
DAXT393246.25
DB642255.25
DBG202233.25
DCR8148886.25
DENT924378.25
DEOS205126.75
DERO872153.75
DEV953377.75
DGB39281265.75
DGD393246.25
DIME511125.5
DIS4112
DJI0110
DJIA203340.25
DLT871143.5
DMT201110
DNR3616861.75
DNT176647
DOGE4034563.25
DOR701135
DRGN621123180
DRK201110
DTA201110
DTB203340.25
DXT931146.5
DYN189345.5
DYOR201110
EBTC0110
ECA623361.25
ECC605146.75
EDO201110
EEM931146.5
EFL6113
EITHER201110
ELF646569.75
ELSE201110
EMC2201110
EMRO201110
ENG3714458.5
ENJ202233.25
EOS8112377.75
EQT1110.5
ESZ821141
ETC45538.75
ETCS511125.5
ETH78352086.25
ETHER821141
ETHOS871143.5
ETN6113
ETP8712277.25
EUNO876161.25
EVC971148.5
EVE4715463.75
EXC511125.5
EXP703365.25
EXUS384134.75
FB201110
FCT931146.5
FE971148.5
FLDC62226.25
FLO604258.75
FOR173235.25
FR811115.5
FROG201110
FUEL6113
FUN701135
GALA773152.25
GAME115441
GANN821141
GARD511125.5
GAS47241870
GBTC806476.5
GBX683260.75
GC_F701135
GCF701135
GET512135.75
GFY177127.25
GIC971148.5
GIN787476.5
GIO511125.5
GLD512248.75
GMD11115.5
GNO201110
GNT114337.75
GO11115.5
GRC201110
GRS4112
GRUB11115.5
GRV973162.25
GS201110
GUP1110.5
GUT991149.5
GVT159344
GXS201110
HAL511125.5
HAS511125.5
HER201110
HEXX4112
HGF2111
HILL513139.25
HIT511125.5
HKN865376.25
HMNY93334.75
HOT954276.25
HT404248.75
HUSH871143.5
HYB201110
HYDRO862153.25
IC511125.5
ICX3617862
IDEX973162.25
IF0110
IFT6113
INDEX512135.75
INF701135
INN703148.75
INXT697266.25
ION402130.25
IONC201110
IOST171363257.75
IOTA491023073.25
IQ971148.5
ITS11115.5
JEW169128
JOSH511125.5
KCS192087059
KEC991149.5
KEY2010751.75
KICK201110
KIN402243.25
KLKS96542.25
KMD708574.25
KRL8714685.5
LAND952157.75
LBA42225.25
LBC805475.5
LBCÏ¿½701135
LBXP971148.5
LCS951147.5
LEND798375.25
LEV701135
LEX623361.25
LGO871143.5
LIFE701135
LINDA776475
LINK4414462
LINX463136.75
LMAO821141
LNS201110
LOOM4914565.75
LSK204342.25
LTC816374.75
LULU701135
LUPE66171077.75
LUPX402243.25
LUX44653570.5
MAID792149.75
MAN2012752.25
MANA794474
MBC642142.25
MCO8013274
MEDIC5017363.5
MEDX794155.25
MENLO642142.25
MET951147.5
MEXO511125.5
MFT796373.75
MGO11115.5
MINT201110
MITH971148.5
MKR11115.5
MNST201110
MNX201110
MONK201110
MRT402243.25
MSP6714473.5
MTH42225.25
MTL36181463.5
NANO6617675.75
NAV402243.25
NCASH49271170.5
NDX2111
NEBL64335.25
NEM201110
NEO7734682.5
NEXO63231177.25
NF201110
NFLX4913666.25
NGC512248.75
NIHL201110
NIO173235.25
NIX511125.5
NKTR702145.25
NMC701135
NMR511125.5
NOAH11115.5
NOBS871143.5
NOS201110
NPXS69191079.5
NTK951147.5
NULS112115.75
NVDA821141
NVIV637150.25
NXT202233.25
NYA201110
NYE871143.5
NZD201110
OCN5018869.25
OCP703365.25
OMB4112
OMG6429675.75
ONION375454
ONT874272.25
OPEN991149.5
ORYX931146.5
OST4515462.75
PAI474355.75
PARETO822264.25
PASC604258.75
PAY518766.25
PCN103335.25
PERL201110
PEX201110
PHR697472
PINK826271.75
PIVX361003767.25
PK5111362.5
POA635364.75
POD606466.5
POE972271.75
POLIS144122.75
POLY198548.75
POWR515358.75
PROC2111
PURE198345.25
PURK201110
PYPL6113
PZDC153121.25
Q6113
QASH972158.75
QKC823371.25
QLC701135
QNT821141
QRL201110
QSP821141
QTM6113
QTUM463353.25
QUAN701135
QWARK701135
RADS93334.75
RAIN201110
RCN402130.25
RDD871143.5
RECO201110
REL991149.5
REN822264.25
REP818781.25
REQ11115.5
RFR703365.25
RIC201110
RIOT701135
RLC972158.75
RLT922156.25
RPX166342.25
RSC202120.25
RUBY201110
RUPX188241.25
RUT0110
RVN495357.75
RYO201110
S0110
SAFEX873157.25
SAFU686672.5
SALT769271
SAN201110
SBUX402130.25
SC63281477.75
SCRL6312471
SEED201110
SEM511125.5
SEN4112
SEND164340.25
SENT952270.75
SHA862153.25
SHARD642255.25
SHIFT62226.25
SIA511125.5
SILVER11115.5
SKY202233.25
SKYBTC201110
SLV821141
SMART703365.25
SMLY511125.5
SNAP201110
SNM6311470.75
SNTR951147.5
SOAP22111.25
SOMA393246.25
SONM821141
SPANK701135
SPD203340.25
SPHTX787270.75
SPO642142.25
SPRTS511125.5
SPX952270.75
SPY156444
SS478663.5
STARS92114.75
START12110.75
STEEM702258.25
STONE197128.25
STORJ511125.5
STORM50482072.75
STR8612684.5
STRAT873270.25
STRC11115.5
SUB0110
SUMO375351.75
SUN876161.25
SWFTC642255.25
SWM201110
SWTH512248.75
SYS873270.25
T02223.25
TAL201110
TAU871143.5
TAYLR701135
TEL5018466
TEZOS173338.75
TFD803370.25
THC162231.25
THC-201110
THOMAS951147.5
TKS201110
TKY455458
TNB822264.25
TOMO873270.25
TRAC153234.25
TRC107123.75
TRIG821141
TROLL933160.25
TRON112228.75
TRX803370.25
TUBE40121063.5
TVIX6113
TWTR201110
TX604258.75
TXR0110
UA402130.25
UBIQ201110
UBQ60191075
URO511125.5
USOIL511125.5
UTN701135
VBK701135
VE642142.25
VEC11115.5
VEE402243.25
VEN168748.75
VEO162118.25
VET681364783.5
VIA6720978.5
VIB1110.5
VIBE931146.5
VIO202120.25
VIX62113.25
VND201110
VNT402243.25
VNX478359.25
VOISE11115.5
VOX4112
VRC6113
VRH597261.25
VTHO368250.25
VTR201110
VXD701135
WABI368859.25
WAN7616781.25
WAVES59632877.75
WAX203236.75
WE931146.5
WINGS701135
WMT512248.75
WPR455458
WTC5915469.75
XAU202120.25
XBT4010862.25
XC623257.75
XCD201110
XCO205343.25
XCP776269.25
XDAG931146.5
XDO511125.5
XEL821141
XEM511125.5
XG16211453.75
XGS701135
XHV463353.25
XLM922269.25
XLQ206547.75
XLR773368.75
XMR766268.75
XN623361.25
XP4716258.25
XPTX872266.75
XRH6912268.25
XRP794268.25
XRX991149.5
XSN775268.25
XSPEC201110
XTZ67861381
XVC62226.25
XVG598467.5
XXX393246.25
XYZ11115.5
XZC199650.25
YCE862266.25
YOVI201110
ZA201110
ZAP515358.75
ZCL3939663.75
ZEBI201110
ZEC64231177.75
ZEN803266.75
ZENZO201110
ZER516256.25
ZIL637366.75
ZLC925162.75
ZRX872266.75

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

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