Sentimental Analysis for Bitcoin and Altcoins 26 August


Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment.

Bitcoin sentimental analysis

As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening

Analysis Type Tool Analysis- Score Sentiment
#BTC – Hashtag Analysis Keyhole Score: 91

Positives: 43.6 %

Negative: 3.8%

Neutral- 52.6%

Neutral to Positive, significant rise in positives
#BTC- Social Media Mentions Social Mention Sentiment 8:1 in favor of positives

With 170 scores towards neutral

Neutral to Positive
Fear to Greed Index Score 19 -Extreme Fear Negative
Fear to Greed Index CNN Score- 68- Greed Positive


While the two analysis shows a neutral to the positive indication, the fear to Greed Index from two sources give a very divergent view, the overall scenario looks positivity returning to the street, which in a way is a sign that buying opportunities are available and one can look for price spiking. A buy maybe recommended but caution needs to be in place.

Also, read : Bitcoin Bounces over $6,700 & Altcoins Go Green, But Expert Says it can get Really Ugly

Altcoin sentimental analysis

Fear and Greed index is only available for BTC as not may altcoins have all components required to calculate it

Altcoin Keyhole #  analysis Social Mention Sentiment
ETH- Ethereum Score 91-

38.3% Positive

3.7 % negative

58%- Neutral

1:1 towards Positives

Neutral 27

XRP- Ripple Score 88

21.6 % Positive

2.7% Negative

75.7% Neutral

2:1 towards Positives

Neutral 115

Neutral to Positive
BCH- Bitcoin Cash Score 97

34.4 % Positive

1.0% Negative

64.6% Neutral

5:0 towards positives

Neutral 119

Neutral to Positive, with positivity insignificant rise
EOS Score 96-

43.8% Positive

1.4 Negative

54.8%- Neutral

8:1 towards positives

Neutral 105

Neutral to Positive
XLM-Stellar Score 100

49.4% Positive

0 Negative

50.6% Neutral

6:0 towards positives

Neutral 146



Even with volatility in prices, the social media sentiment with most altcoins just like the Bitcoin is neutral to positive. BCH is suddenly gaining traction and Ethereum and Stellar just moved to a neutral zone. These two coins are poised really well and could move in any direction as the news flow pours in

Will this sentiment actually pull back the prices? Do let us know your views on the same.

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Written by Nilesh Maurya @ August 26, 2018 Nilesh Maurya

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