Weekly Sentiment Analysis: Top 9 coins heading into week of May 20
If you're looking to make some trades this week, it looks like it could be another nail-biter.
Sentiment on all but the top two Alts are down considerably this week, after $BTC steadily declined last week and the majors broke a sentiment trend line held since the beginning of April.
One notable point you can see from the chart above is that the top 2 coins have been locked in place for the last three weeks. $OCN, surprisingly, held onto the number 2 spot despite being absolutely massacred last week following news on its planned 1:1 airdrop. As I wrote for CoinInsider on Wednesday though, it's clear that $OCN held support better than $XVG, another popular and recent victim of the "buy the rumor sell the news" phenomena.
Worth noting that all of $OCN's sentiment was taken after the price dropped 40%+ in one day.
But let's start with $BTC, which as always, holds the heaviest hand.
$BTC
If there's one thing that should give you some pause when looking at any of the top 9 this week, it's the chart above.
Sentiment on $BTC among the 40 influencers and traders I follow has been in steady decline for a few weeks now, but took a nose dive on Thursday. While $BTC has had a decent weekend, most seem to expect it to further correct to the mid-$7000s before rebounding.
Could it already be on the rebound? Absolutely. But if you put stock in what this collective is saying, I'd tread carefully.
The top 9
Here are the top 9 coins/tokens for the week. I've started including upcoming news items to be aware of should there be any, as this can have a big impact on price.
7. (tie) $SNM +6
7. (tie) $LUX +6
7. (tie) $CNN +6
5. (tie) $XRH +7
5. (tie) $XRP +7
News: Uphold Listing
$XRP will be listed on Uphold May 24
4. TRX +10
News: Mainnet Launch
Tron Mainnet is expected to launch by May 31.
3. VEN +11
2. OCN +17 — 8th week on chart, 1st last week
News: Airdrop details
$OCN has promised May 13 to begin distributing $OCP to holders "in the next few weeks."
1. $ICX +19 — 6th week on chart, 2nd last week
The whole shebang
As always, here is all the data I collected this week:
| Coin | Positive | Neutral | Negative | Total Mentions | Power |
|---|---|---|---|---|---|
| ACT | 1 | 0 | 0 | 1 | 1 |
| ADA | 3 | 0 | 4 | 7 | -1 |
| ADST | 1 | 0 | 0 | 1 | 1 |
| ADX | 1 | 0 | 0 | 1 | 1 |
| AE | 1 | 0 | 0 | 1 | 1 |
| AELF | 0 | 1 | 0 | 1 | 0 |
| AION | 3 | 1 | 0 | 4 | 3 |
| AKL | 1 | 0 | 0 | 1 | 1 |
| AMB | 1 | 0 | 0 | 1 | 1 |
| ARK | 2 | 2 | 1 | 5 | 1 |
| ARO | 1 | 0 | 0 | 1 | 1 |
| BAT | 5 | 2 | 1 | 8 | 4 |
| BBK | 1 | 0 | 0 | 1 | 1 |
| BCH | 1 | 0 | 3 | 4 | -2 |
| BCN | 3 | 1 | 0 | 4 | 3 |
| BCO | 2 | 0 | 0 | 2 | 2 |
| BCPT | 1 | 0 | 0 | 1 | 1 |
| BELA | 1 | 0 | 0 | 1 | 1 |
| BIS | 1 | 0 | 0 | 1 | 1 |
| BITG | 1 | 0 | 0 | 1 | 1 |
| BLOCK | 0 | 1 | 0 | 1 | 0 |
| BMH | 1 | 0 | 0 | 1 | 1 |
| BNB | 1 | 0 | 2 | 3 | -1 |
| BTC | 31 | 23 | 47 | 101 | -16 |
| BTS | 3 | 0 | 0 | 3 | 3 |
| BTX | 1 | 0 | 0 | 1 | 1 |
| BZNT | 1 | 0 | 0 | 1 | 1 |
| CEFS | 1 | 0 | 0 | 1 | 1 |
| CLOAK | 1 | 1 | 0 | 2 | 1 |
| CND | 1 | 0 | 0 | 1 | 1 |
| CNN | 7 | 0 | 1 | 8 | 6 |
| CS | 1 | 0 | 1 | 2 | 0 |
| CTRL | 2 | 0 | 0 | 2 | 2 |
| CVC | 1 | 1 | 0 | 2 | 1 |
| CXO | 1 | 0 | 1 | 2 | 0 |
| DASH | 2 | 1 | 0 | 3 | 2 |
| DAXT | 1 | 0 | 0 | 1 | 1 |
| DBC | 1 | 1 | 0 | 2 | 1 |
| DBET | 1 | 0 | 0 | 1 | 1 |
| DC | 2 | 0 | 0 | 2 | 2 |
| DCR | 1 | 0 | 0 | 1 | 1 |
| DEV | 5 | 0 | 0 | 5 | 5 |
| DGB | 0 | 3 | 0 | 3 | 0 |
| DGD | 0 | 1 | 0 | 1 | 0 |
| DGPT | 1 | 0 | 0 | 1 | 1 |
| DIVX | 1 | 0 | 0 | 1 | 1 |
| DNR | 1 | 0 | 0 | 1 | 1 |
| DRGN | 1 | 0 | 0 | 1 | 1 |
| DTB | 1 | 0 | 0 | 1 | 1 |
| ECA | 1 | 0 | 0 | 1 | 1 |
| EDD | 1 | 0 | 0 | 1 | 1 |
| EDG | 3 | 0 | 0 | 3 | 3 |
| ELEC | 0 | 0 | 1 | 1 | -1 |
| ELF | 2 | 0 | 0 | 2 | 2 |
| ENG | 4 | 2 | 2 | 8 | 2 |
| ENJ | 1 | 0 | 0 | 1 | 1 |
| EOS | 5 | 2 | 4 | 11 | 1 |
| EQL | 1 | 0 | 0 | 1 | 1 |
| ESP | 1 | 0 | 0 | 1 | 1 |
| ESZ | 1 | 0 | 0 | 1 | 1 |
| ETC | 0 | 0 | 1 | 1 | -1 |
| ETH | 10 | 2 | 12 | 24 | -2 |
| EVE | 2 | 0 | 0 | 2 | 2 |
| FLASH | 1 | 0 | 0 | 1 | 1 |
| FUEL | 1 | 0 | 0 | 1 | 1 |
| FUN | 3 | 0 | 0 | 3 | 3 |
| GAME | 0 | 1 | 0 | 1 | 0 |
| GAS | 1 | 0 | 0 | 1 | 1 |
| GIN | 2 | 0 | 0 | 2 | 2 |
| GTO | 0 | 1 | 0 | 1 | 0 |
| GVT | 5 | 0 | 1 | 6 | 4 |
| HKN | 5 | 0 | 0 | 5 | 5 |
| HMQ | 1 | 0 | 0 | 1 | 1 |
| HPB | 2 | 0 | 0 | 2 | 2 |
| HTML | 1 | 0 | 0 | 1 | 1 |
| HXX | 2 | 1 | 1 | 4 | 1 |
| ICX | 19 | 0 | 0 | 19 | 19 |
| INS | 1 | 0 | 0 | 1 | 1 |
| ION | 1 | 0 | 0 | 1 | 1 |
| IOST | 3 | 0 | 1 | 4 | 2 |
| IPBC | 2 | 0 | 0 | 2 | 2 |
| IRD | 2 | 0 | 0 | 2 | 2 |
| JNT | 0 | 0 | 1 | 1 | -1 |
| KIN | 1 | 0 | 0 | 1 | 1 |
| KLKS | 4 | 0 | 0 | 4 | 4 |
| KMD | 5 | 2 | 0 | 7 | 5 |
| LBC | 0 | 0 | 2 | 2 | -2 |
| LEND | 3 | 0 | 0 | 3 | 3 |
| LGD | 1 | 0 | 0 | 1 | 1 |
| LGO | 1 | 0 | 0 | 1 | 1 |
| LINDA | 2 | 0 | 0 | 2 | 2 |
| LINK | 1 | 0 | 0 | 1 | 1 |
| LNS | 1 | 0 | 0 | 1 | 1 |
| LOOM | 1 | 1 | 2 | 4 | -1 |
| LSK | 1 | 0 | 0 | 1 | 1 |
| LTC | 2 | 4 | 8 | 14 | -6 |
| LUN | 2 | 0 | 2 | 4 | 0 |
| LUNES | 0 | 1 | 0 | 1 | 0 |
| LUX | 6 | 0 | 0 | 6 | 6 |
| LYM | 1 | 0 | 0 | 1 | 1 |
| MAN | 1 | 0 | 1 | 2 | 0 |
| MANA | 1 | 1 | 1 | 3 | 0 |
| MENLO | 1 | 0 | 0 | 1 | 1 |
| MSP | 1 | 0 | 0 | 1 | 1 |
| MTC | 1 | 0 | 0 | 1 | 1 |
| MTL | 1 | 0 | 3 | 4 | -2 |
| MWAT | 1 | 0 | 1 | 2 | 0 |
| NANO | 3 | 2 | 2 | 7 | 1 |
| NAV | 0 | 1 | 0 | 1 | 0 |
| NCASH | 0 | 1 | 0 | 1 | 0 |
| NEBL | 2 | 0 | 0 | 2 | 2 |
| NEO | 1 | 1 | 2 | 4 | -1 |
| NLX | 4 | 0 | 0 | 4 | 4 |
| NLX | 1 | 0 | 0 | 1 | 1 |
| NULS | 0 | 1 | 0 | 1 | 0 |
| OCN | 27 | 6 | 7 | 40 | 20 |
| OKB | 2 | 0 | 0 | 2 | 2 |
| OMG | 0 | 1 | 0 | 1 | 0 |
| ONT | 0 | 0 | 1 | 1 | -1 |
| OPC | 1 | 0 | 0 | 1 | 1 |
| OST | 1 | 0 | 0 | 1 | 1 |
| PAY | 0 | 0 | 1 | 1 | -1 |
| PCN | 1 | 0 | 1 | 2 | 0 |
| PHR | 2 | 0 | 0 | 2 | 2 |
| PIVX | 2 | 1 | 0 | 3 | 2 |
| POE | 5 | 0 | 1 | 6 | 4 |
| POLY | 1 | 0 | 0 | 1 | 1 |
| POWR | 0 | 0 | 1 | 1 | -1 |
| PPT | 3 | 0 | 0 | 3 | 3 |
| PTOY | 1 | 0 | 0 | 1 | 1 |
| QASH | 0 | 0 | 1 | 1 | -1 |
| QSP | 4 | 0 | 0 | 4 | 4 |
| REN | 1 | 0 | 0 | 1 | 1 |
| RLC | 5 | 0 | 1 | 6 | 4 |
| RTO | 3 | 0 | 0 | 3 | 3 |
| RVT | 0 | 1 | 0 | 1 | 0 |
| SAFEX | 1 | 0 | 0 | 1 | 1 |
| SALT | 0 | 1 | 0 | 1 | 0 |
| SCT | 4 | 0 | 0 | 4 | 4 |
| SEND | 1 | 0 | 0 | 1 | 1 |
| SNM | 6 | 1 | 0 | 7 | 6 |
| SPHTX | 2 | 0 | 0 | 2 | 2 |
| SS | 5 | 0 | 0 | 5 | 5 |
| STORM | 3 | 2 | 1 | 6 | 2 |
| STRAT | 3 | 1 | 6 | 10 | -3 |
| SUB | 2 | 0 | 0 | 2 | 2 |
| SWFTC | 4 | 0 | 0 | 4 | 4 |
| SWTFC | 1 | 0 | 0 | 1 | 1 |
| SYS | 1 | 0 | 0 | 1 | 1 |
| TAU | 0 | 0 | 1 | 1 | -1 |
| TEL | 3 | 0 | 0 | 3 | 3 |
| TFD | 1 | 0 | 0 | 1 | 1 |
| TOMO | 2 | 0 | 1 | 3 | 1 |
| TPAY | 1 | 0 | 0 | 1 | 1 |
| TRAC | 3 | 0 | 2 | 5 | 1 |
| TRX | 12 | 0 | 2 | 14 | 10 |
| TUBE | 1 | 0 | 0 | 1 | 1 |
| UBT | 1 | 0 | 0 | 1 | 1 |
| UP | 1 | 0 | 0 | 1 | 1 |
| UUU | 3 | 0 | 0 | 3 | 3 |
| VEN | 12 | 1 | 1 | 14 | 11 |
| VIB | 2 | 1 | 0 | 3 | 2 |
| VIBE | 0 | 1 | 0 | 1 | 0 |
| VRC | 1 | 0 | 0 | 1 | 1 |
| WAN | 3 | 0 | 1 | 4 | 2 |
| WAVES | 5 | 0 | 0 | 5 | 5 |
| WAX | 0 | 1 | 0 | 1 | 0 |
| WISH | 3 | 0 | 0 | 3 | 3 |
| WTC | 2 | 1 | 0 | 3 | 2 |
| XEM | 1 | 1 | 0 | 2 | 1 |
| XHV | 1 | 0 | 0 | 1 | 1 |
| XLM | 2 | 3 | 1 | 6 | 1 |
| XMR | 0 | 1 | 0 | 1 | 0 |
| XN | 3 | 0 | 0 | 3 | 3 |
| XRH | 9 | 0 | 0 | 9 | 9 |
| XRP | 10 | 0 | 1 | 11 | 9 |
| XSH | 1 | 0 | 0 | 1 | 1 |
| XSN | 1 | 0 | 0 | 1 | 1 |
| XVG | 5 | 2 | 5 | 12 | 0 |
| XWC | 1 | 0 | 0 | 1 | 1 |
| YCE | 1 | 0 | 0 | 1 | 1 |
| ZAP | 1 | 0 | 0 | 1 | 1 |
| ZCL | 1 | 0 | 0 | 1 | 1 |
| ZCO | 1 | 0 | 0 | 1 | 1 |
| ZEC | 7 | 0 | 3 | 10 | 4 |
| ZIL | 2 | 0 | 1 | 3 | 1 |
| ZPT | 2 | 0 | 0 | 2 | 2 |
| ZRX | 11 | 3 | 8 | 22 | 3 |
The Influencers
Who am I?
I'm an investigative data journalist during the day, and I've been looking for a way to cut through the noise and get a true sense of what some of the biggest crypto influencers are pushing toward and pulling away from.
Using a pseudonym here because I can't post about this shit on my verified accounts. I've become mildly obsessed with crypto and its constant stream of data and needed an outlet. So here I am.
What is this?
Each week, I scrape the Twitter accounts of some of the crypto world's favorite influencers, traders and TA folk. I run a basic sentiment analysis to see which coins they are mentioning positively, in a neutral way and which they are mentioning in a negative light.
I calculate "power" simply by subtracting negative mentions from positive ones to give an aggregate score. The higher the score, the better, the lower the worse. For the daily rankings, I also create aggregate scores for the majors and the Alt markets. The Alts get a 10 point deduction any time the majors go below zero, since overall the Alt-market has a tough time staying above water when BTC is in a spiral.
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.