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Analysis: 11 Alts with the hottest sentiment heading into this week

Our analyst Remy Stephens brings us eleven of the hottest altcoins which are showing a positive sentiment after the weekend.

Written by Remy Stephens Published on

It’s been that magical time that comes along every so often and sentiment seems a bit rosier.

Bitcoin has actually been stable for a few days, which has allowed many Alts to blossom, in some cases dramatically so (I’m looking at you $VIBE).

Before you get all excited that Alt season is back, though, always keep in mind that these spring ups have happened occasionally over the last few months and have been relatively short-lived.

Let’s look at the market charts.

Sentiment on Alts is high, as you’d expect it to be with a really green weekend for a lot of currencies and tokens, especially those with smaller caps.

$BTC has continued to remain in positive territory this month, and base on the pattern so far, we’re not in dire straits yet.  Recently, Bitcoin has taken a dive when sentiment has peaked and things get a bit overbought.

We had a couple of dips this weekend that were quickly bought back up, but that dinged sentiment. We do seem to be approaching a decision point, with many of the 154 influencers and traders I follow saying a push above $6,600 USD needs to happen soon to continue the bullish run. Will speculation over the Securities and Exchange Commission’s upcoming decision on the much-vaunted ETF be enough?

In the meantime, there’s no strong indication that we’ve escaped the bear market yet.

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’s all the data I collected this week.

CoinSentiment
(of 100)
VolumeInfluencersPower Rating
AAPL509569
ABYSS251112.5
ACED9310388.25
ADA66291782
AGDN501125
ALQO6710476.75
AMD493258.75
APPC501125
ARN681134
ARO501125
AST891144.5
ATMS681134
ATVI502137
AUC852271.5
AURA7912886
BAT806481.5
BAYN3111.5
BCC82233
BCD251112.5
BCH25121059.5
BCN1110.5
BCO817381
BHC251112.5
BIS3111.5
BITB3111.5
BK892156.5
BMH251112.5
BNB227554
BNN2111
BOD502137
BRAVO981149
BTC456679472.5
BTCD251112.5
BTS251112.5
BVO854278.25
BWK883278.25
BXY251112.5
CAN8114
CATO676373.5
CELR13116.5
CFI8114
CGC235350.5
CHF812152.5
CL_V501125
CLDR501125
CLSH501125
CND922158
COLX132118.5
CORN501125
COSS02112
CPC681134
CRNC252124.5
CRON4916469.25
CS252124.5
DADI251112.5
DAI891144.5
DASH1815956.25
DAXT501125
DBIX251112.5
DCR6311676.5
DENT891144.5
DEV177246.25
DGB252241.5
DIG254248.25
DIME13116.5
DIVC501125
DNR891144.5
DOGE66683182.5
DOR502137
DOT251112.5
DP251112.5
DRGN251112.5
DTB885280.25
DXY83238.25
DYN251112.5
EMC�_�501125
ENG13116.5
EOS4643770.75
ESE253349.5
ESH251112.5
ETC1915756
ETH253858062
ETHO762150
ETP73120.75
ETST501125
EVC251112.5
EVE501125
FDR501125
FOTA13116.5
FROG251112.5
FYN502137
GBP681134
GEM251112.5
GFY233245.75
GGG501125
GIN852154.5
GLD982161
GMT681134
GVT6818781
HKN783273.25
HMNY0110
HOT8422889.75
HT852154.5
HUSH474142.25
HYDRO811140.5
I508146.25
IBKR0110
ICE8114
ICX4613769.25
ICXBTC8114
INTC13116.5
IOTA756377.5
IXIC493141.75
JOHN251112.5
KGS852154.5
KLKS676270.75
KMD683371
LBC251112.5
LC681134
LEND1001150
LINDA951147.5
LINK192238.5
LISK502137
LPT501125
LTC45561471.5
MANA6310676.25
MCO8114
MFT248656
MITOA501125
MKR501125
MO501125
MONK681134
MSP13116.5
MTL648373
MVIS501125
NANO227453
NEBL132118.5
NEM52231.5
NEO7910583.75
NIO762267
NKE252124.5
NPXS185550.5
NULST251112.5
OCN6513375.25
OCP501125
OMG252124.5
ONT122118
OST891144.5
P8114
PAC783273.25
PARETO251112.5
PART502137
PASC132118.5
PAY52231.5
PHR6612375.5
PHX981149
PIRL501125
PIVX252124.5
POA472252.5
POLY3111.5
POT811140.5
PUREX501125
PYN0110
QNT685270.25
QSP192238.5
QTL22113
RDD845161.25
RE811140.5
REN673370.5
RSP501125
RUPX82116
SAFEX8114
SALT951147.5
SBUX122118
SCRL811140.5
SENT931146.5
SHA682146
SHIFT681134
SHIP251112.5
SHOP932158.5
SMART185449.5
SMLY5112.5
SMQ991149.5
SNAP487364.5
SONO892156.5
SPF811140.5
SPHTX472252.5
SPY8114
STEEM251112.5
STONE251112.5
STRAT472135.5
STUDY5112.5
SUMO251112.5
SUN922158
SYS762267
TEL683371
TEMCO891144.5
THR5112.5
TIPS931146.5
TIX251112.5
TLRY225350
TNT13116.5
TOMO929167.75
TRX648474.5
TT251112.5
TUBE935487
UKOG13116.5
VET4424769.5
VIA764273.75
VIBE4411566.5
VITAE251112.5
VRC251112.5
VTHO681134
WAN8016686.25
WAVES6522273.5
WTC8114
XCG852154.5
XDO251112.5
XG952159.5
XHV767480
XLM4423970.25
XLQ192238.5
XLR845161.25
XMR8513889.25
XRP24221760.5
XSN681134
XTL762150
XTZ649676.5
XXX501125
XZC503142.25
ZCL952159.5
ZEC2313757.75
ZEN931146.5
ZER954166.25
ZIL252241.5
ZPT681134
ZRX4517669

 

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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