Analysis: The 12 coins with sizzling sentiment through $BTC’s rough week

Well last week was … dramatic.

As $BTC once again teetered toward its annual lows, it largely took the Alt market with it before balancing out.  After peaking last week just before the massive drop, sentiment on Bitcoin crashed before recovering a bit this weekend.

There’s still a fair number of the 154 traders and influencers I follow who remain bullish, but things have cooled considerably.

Let’s look at where we’re at on the market charts.

Note: The chart above shows sentiment for $BTC and a combination of the top 20 Alt coins/tokens as of this writing on CoinMarketCap. 

Both $BTC and the Alt markets are on downtrends in sentiment, and although you could argue the Alts are closer to a bottom, they won’t start performing again until Bitcoin at least levels out.

Bitcoin was very choppy over the weekend, but if we get some steadiness, we could see sentiment on the Alts turn around.

Even with the price drops, sentiment remains high on many alts. Let’s take a look.

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 is the data I collected this week.

Coin Sentiment (of 100) Volume Influencers Power Rating
ACBFF 1 1 1 0.5
ACED 92 11 3 86
ADA 39 27 14 67
AE 22 1 1 11
AION 9 1 1 4.5
AKA 67 1 1 33.5
ALQO 77 13 6 82.75
AMD 50 1 1 25
ARN 64 2 2 57
ARWR 13 1 1 6.5
AST 13 1 1 6.5
AUD 22 2 1 22.25
AUR 0 1 1 0
AURA 37 8 5 59.5
BABA 1 1 1 0.5
BAK 22 2 1 22.25
BAT 63 17 8 77.5
BCD 37 8 8 61.75
BCH 20 17 9 56.25
BCN 79 5 4 76.75
BEER 99 1 1 49.5
BIS 67 1 1 33.5
BK 88 1 1 44
BLAS 93 1 1 46.5
BLOCK 64 2 1 43.25
BLPH 97 1 1 48.5
BLZ 50 1 1 25
BNB 67 7 7 75.5
BRAVO 97 1 1 48.5
BTC 45 794 106 72.5
BTCD 12 8 5 47
BTG 3 4 2 32
BTS 67 1 1 33.5
BURST 88 1 1 44
BUST 3 1 1 1.5
BVO 62 3 2 59.75
BWK 81 10 3 80
CACHE 5 1 1 2.5
CAN 95 1 1 47.5
CANN 99 1 1 49.5
CATO 76 4 2 68.5
CDT 13 1 1 6.5
CGC 41 6 2 53
CHAT 60 4 2 60.5
CHF 81 1 1 40.5
CL_F 22 1 1 11
CMT 67 1 1 33.5
CNN 50 3 1 40
COLX 47 7 1 43
CORN 50 1 1 25
COSS 0 1 1 0
CRNC 22 1 1 11
CRON 49 11 4 66
CS 17 4 2 39
CURE 13 1 1 6.5
DADI 50 1 1 25
DART 88 5 1 61.75
DASH 40 14 6 64.5
DAV 9 1 1 4.5
DAX 50 1 1 25
DBC 81 1 1 40.5
DBIX 12 2 1 17.25
DBX 22 1 1 11
DCR 17 4 2 39
DEB 20 10 5 52.25
DENT 22 2 2 36
DEV 37 5 1 36.25
DGB 67 2 2 58.5
DIG 22 2 2 36
DIVC 13 1 1 6.5
DNT 5 1 1 2.5
DOGE 61 53 26 79.75
DOR 81 1 1 40.5
DRGN 20 8 7 52.75
DTB 37 9 4 59
DXY 50 1 1 25
DYN 45 5 1 40.25
ELF 66 3 2 61.75
EOS 22 55 7 58
ETC 45 28 17 70.5
ETH 19 217 67 59
ETHBTC 17 2 2 33.5
ETP 3 1 1 1.5
EXC 50 1 1 25
FB 50 1 1 25
FDR 22 3 2 39.75
FLASH 22 1 1 11
FOR 62 3 2 59.75
FUEL 67 1 1 33.5
FUN 81 1 1 40.5
GBTC 3 1 1 1.5
GFY 47 7 2 56.75
GGP 67 1 1 33.5
GIN 50 1 1 25
GLD 76 6 2 70.5
GNO 88 1 1 44
GO 22 1 1 11
GVT 22 10 4 52
HMNY 36 10 3 57.5
HOT 75 51 18 86.5
HUSH 76 4 1 54.75
ICX 22 18 12 57.75
IGNIS 0 1 1 0
INXT 88 1 1 44
IOTA 41 6 5 60
IOTX 50 1 1 25
IWM 22 1 1 11
IXIC 50 1 1 25
JD 22 2 1 22.25
KEY 97 1 1 48.5
KIN 22 3 2 39.75
KLKS 46 9 2 57.75
KMD 67 8 5 74.5
KRL 81 2 2 65.5
LBC 17 4 2 39
LEND 1 1 1 0.5
LIFE 97 2 1 59.75
LINK 41 2 2 45.5
LISK 50 1 1 25
LOOM 22 1 1 11
LSK 67 2 2 58.5
LTC 22 42 10 58.5
LUV 50 1 1 25
LUX 50 1 1 25
MAID 13 1 1 6.5
MAN 8 2 2 29
MANA 22 3 3 44
MED 22 1 1 11
METM 5 1 1 2.5
MFT 88 7 5 84.25
MKR 88 2 1 55.25
MSP 79 2 2 64.5
MTC 93 1 1 46.5
MTL 21 29 5 55
MUE 17 10 3 48
MVIS 13 3 1 21.5
NANO 22 4 3 45.75
NAV 50 1 1 25
NCASH 66 11 4 74.5
NEBL 5 1 1 2.5
NEO 63 41 21 80
NEXO 67 1 1 33.5
NIO 77 3 1 53.5
NKE 11 3 3 38.5
NPXS 75 27 13 84.75
NXC 13 1 1 6.5
NXS 81 1 1 40.5
NXT 22 1 1 11
OCN 67 12 6 77.5
OMG 67 7 5 73.75
OMNI 87 3 2 72.25
ONT 22 2 2 36
PART 1 1 1 0.5
PASC 22 1 1 11
PCN 3 1 1 1.5
PHR 41 17 3 61.5
PINK 64 2 1 43.25
PIRL 64 2 2 57
PIVX 60 9 2 64.75
POA 41 2 1 31.75
POLY 64 2 2 57
POWR 22 2 1 22.25
PPT 93 1 1 46.5
PUREX 81 1 1 40.5
PXS 22 1 1 11
QKC 81 1 1 40.5
QNT 87 5 4 80.75
QQQ 9 1 1 4.5
QSP 22 1 1 11
QTL 1 1 1 0.5
QTUM 50 1 1 25
RDD 81 1 1 40.5
REN 97 1 1 48.5
RUBY 50 1 1 25
RUPX 40 7 1 39.5
SC 46 6 4 61.25
SCRL 67 5 4 70.75
SCT 50 4 1 41.75
SENT 49 6 4 62.75
SHA 67 2 1 44.75
SHIFT 88 1 1 44
SKYBTC 1 1 1 0.5
SMART 81 5 2 72
SNAP 22 3 3 44
SPX 22 1 1 11
SPY 50 2 2 50
SQ 81 1 1 40.5
SS 5 1 1 2.5
STEEM 22 1 1 11
STONE 49 6 1 43.25
STORM 8 5 5 42.5
STRAT 21 14 7 55.75
SUN 92 2 1 57.25
T 9 1 1 4.5
TEL 60 20 7 76
TFD 13 2 2 31.5
TKS 95 1 1 47.5
TKY 94 2 1 58.25
TLRY 5 2 2 27.5
TNC 97 1 1 48.5
TOMO 80 8 1 60.25
TRC 11 5 1 23.25
TROLL 95 1 1 47.5
TRX 46 43 13 71
TSC 50 1 1 25
TUBE 41 12 6 64.5
UBQ 77 6 5 78
UCNS 93 4 4 82.75
UUU 88 1 1 44
VEN 11 3 2 34.25
VERGE 5 1 1 2.5
VET 48 44 10 71.75
VIA 81 2 2 65.5
VIBE 41 2 2 45.5
VNX 77 3 1 53.5
VTC 22 1 1 11
WABI 13 2 2 31.5
WAN 13 7 3 44
WAVES 39 15 2 56.25
WENDO 50 4 2 55.5
WHIP 50 1 1 25
WYS 81 1 1 40.5
XBT 66 5 2 64.5
XDN 67 1 1 33.5
XEM 95 1 1 47.5
XG 92 2 1 57.25
XHV 22 1 1 11
XLM 39 34 13 67.25
XLQ 22 3 3 44
XLR 44 13 4 64
XMR 62 9 6 73.75
XPTX 41 2 1 31.75
XRP 38 58 17 68
XSN 79 2 1 50.75
XVG 67 9 6 76.25
XZC 81 2 1 51.75
ZCL 61 7 5 70.75
ZEC 13 3 3 39.5
ZEN 46 3 2 51.75
ZER 50 2 1 36.25
ZIL 81 7 2 73.75
ZINC 50 1 1 25
ZNGA 9 1 1 4.5
ZPT 67 1 1 33.5
ZRX 40 12 7 64.75

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.

The post Analysis: The 12 coins with sizzling sentiment through $BTC’s rough week appeared first on Coin Insider.