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Smoking hot sentiment: The top 12 tokens this week

In this week’s analysis, Remy Stephens explores the tokens with the hottest sentiment going into the week while Bitcoin remains solid.

Written by Remy Stephens Published on

Is the bloom coming off the Alt market?

This past week was far less active (if your name wasn’t $BAT) among Alt coins, which could signal our nice little bullish turn beginning to swoon a bit.  I noted last week in my column that sentiment had faded a bit on Alts, even as many were still performing.

Now, that doesn’t mean anything is really doing terrible, we’re just not quite seeing the enthusiasm we did at the start of October.  Let’s look at the charts.

Disclaimer: I wrote this on Sunday night after close, so if something crazy happened between then and publication ¯\_(ツ)_/¯. 

We really just haven’t seen the same consistent bullish sentiment we saw in the Alt market for much of October.  And the decline I noted last week continued through the start of November.

Bitcoin, meanwhile, remains in purgatory.  This remains a good thing for the Alts while it does, as the Alt market always benefits from a stable $BTC.  Sentiment on Bitcoin has been angled slightly downwards for the last few weeks, as has the price, but nothing really jumps out.

One has to assume we’ll see a bigger move sometime in the not-too-distant future, but as predictions come and go, the more than 150 influencers and traders I follow seem more and more inclined to just watch and wait.

Bitcoin is getting mentioned an average of 26 times a day for the last week among this cohort, which is the lowest the 7-day average has been since I started tracking things in the spring.

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.

Warning Signals (New)

As I’ve been mentioning in recent weeks, high sentiment doesn’t always mean a bull trend is coming. It can also mean one has peaked.  So from this point forward, I’ll be noting any coins in the top Alts that have posted significant gains in the week prior.

This week I don’t actually have any that qualify.  If you were to watch out for one it’d be $WABI, which had a great move last week but has since cooled off. To the list!

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The Data

As always, here’s all the coins I collected data on this week.

CoinSentiment (of 100)VolumeInfluencersPower Rating
ABC561128
ACED971148.5
ACT525142.25
ADA66201280
ADX241112
AGIBTC921146
AION533250.75
AKA561128
ALQO7111475
AMB803368.75
APOT562248
APPC241112
ARK664466.25
ARO33330.25
AST885376
ATVI561128
AUC482132.75
AURA41151166.25
AURA?7113.5
BAT46553272.5
BAT?13116.5
BBK921146
BBS721136
BCC2415756.25
BCH23762260.75
BCO957166
BCPT561128
BIS106643.25
BLOCK921146
BLX841142
BLZ14226.5
BMH964481.25
BN241112
BNB55241174.75
BPT721136
BQX453246.75
BRD721136
BSM104231
BSV561128
BTC4641010873
BTG124336.5
BTS971148.5
BTX991149.5
BVO668470.75
BWK4714361
BXY104231
CAN692143.25
CHX6934270
CLO72223.5
CMT561128
CND2111
CRSP72112.25
CS242120.75
CTL43226.25
CUX561128
CV924160.75
CVC243236.25
DAPS921146
DASH482244
DBC7211475.5
DBIX806268.5
DBX241112
DCR921146
DENT563356.75
DERO2418453.5
DEV6520474.25
DGB241112
DGTX841142
DGX561128
DIG13116.5
DIME241112
DIS241112
DJI465559.25
DNR964274
DNT137340.75
DOCK569364
DOGE562248
DOT721136
DRGN2214552.75
DTA901145
DXY241112
ECC243236.25
ELF132115.25
ENG922266
EOS716673.75
EQT241112
ESH241112
ETC1812953
ETH19583359
ETNX878378.5
EVE837375.75
EVI953271.75
EVX561128
FIC561128
FLDC722256
FLO991149.5
FOTA797476.5
FSN241112
FTM2221554.5
FUEL434136.25
FUN806268.5
GANN901145
GBTC132226.5
GE465139.25
GFY02220
GIN566361
GO722144.75
GS13116.5
GVT4210662.75
HKN725368
HLM243236.25
HOT8715686.75
HSR13116.5
HYDRO2210551.75
ICX13141051.25
IDR7113.5
INT241112
INTC961148
IOST536462.25
IOTA533355.25
IOTX5510466.75
IRD482132.75
KCS4112
KEK241112
KEY46341571.5
KLKS5517872.75
KMD722256
KNC536255
KRW241112
KUBO484138.75
LEND453351.25
LINDA961148
LINK5121971.75
LISK721136
LMC02220
LMO962268
LNS241112
LOKI102113.75
LOOM1110.5
LTC65181279.25
LTHN7113.5
LUN884374.5
LUX242232
MAN4415967
MANA434352
MAS212119.25
MED561128
METM241112
MFT5213668.5
MGO13116.5
MRPH482132.75
MS1110.5
MSP694365
MSR673257.75
MTC242120.75
MTH242232
MUE241112
MUTX32221.5
MWAT435249
NANO789680.25
NCASH6612876.75
NDX241112
NEBL03224.25
NEO728777.25
NEX721136
NEXO193338.25
NFLX4112
NGC901145
NIO133230.75
NMX241112
NOS241112
NPXS54191073.25
NPXS?241112
NULS7113.5
NXT925378
NYE241112
NZD102113.75
OAX4112
OINB892264.5
OLT241112
ONT74334
OST845578.25
PAL438459.25
PART562248
PASC133335.25
PAT242232
PATH13116.5
PAX241112
PEP902265
PHR8414684.75
PHX53302075
PIRL482132.75
PK435249
PLA892264.5
POA241112
POE727675.5
POLY65171379.25
POWR721136
PPT564358.5
PRL12402455
QKC188344
QNT482244
QQQ13116.5
QSP42110.75
QTUM133335.25
QUAN4112
REN459461.25
REP915581.75
REQ104335.5
RHOC242232
RLC886377
RPM566256.5
RTO841142
RVN5117971
RYO841142
SALT246650.25
SC567566.5
SCRL823369.75
SCT673146.5
SENT242232
SHA847160.5
SHIFT242232
SNAP972268.5
SNGLS842150.75
SNM807578.5
SNT921146
SPHTX103229.25
SPX21131155.5
SPY66336
SRN208345
SS7822784.75
STEEM2111
STORM71371484
STRAT729878.75
SUQA566361
TEL7113.5
TETHER561128
TFD2412553.25
THETA242232
TLRY841142
TNB426354
TNT241112
TOMO5418468.5
TPAY13116.5
TRIG921146
TROLL212230.5
TRTL196238
TRX708675.25
TSLA902265
TUBE721136
UBQ72223.5
UBT723364.75
UEC241112
UP692143.25
URA562136.75
UUU829479.75
VEN241112
VET48481071.5
VET?721136
VIA83261689.75
VIB208751.25
VIXY561128
VNX1001150
VTHO241112
VYM241112
VZ13116.5
WABI68201080.25
WAN69211682.25
WAVES525460.75
WAX2111
WE0110
WEB32110.25
WINGS561128
WLO991149.5
WMT241112
WPR238550.75
WSX238130.75
WTC4211964.75
WWE242120.75
XAG482132.75
XAU2111
XBI4615463.75
XBP561128
XBT98644.75
XBY815475.25
XEL241112
XHV2017754.75
XLM68141078.75
XLQ922266
XLR8214683.75
XMR815576.75
XNK971148.5
XPT842150.75
XRP41312469.25
XRP?241112
XSN664466.25
XTL728473.75
XTZ241112
XVG237345.75
XXX241112
XZC724150.75
YOYO4812361
YZY561128
ZAP841142
ZCL132226.5
ZCO834267.5
ZEC68542.25
ZEN794370
ZER796268
ZIL64271079
ZINC899483.25
ZNZ241112
ZPT242120.75
ZRX69111078.5

 

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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