In the latest analysis, Remy Stephens explores five altcoins surpassing expectations with positive sentiment from communities and investors.
Sometimes taking a look at the coins that aren’t buzzing can be beneficial.
Since Bitcoin’s price action this week has been, uh, volatile, I figured I’d steer clear of the standard Alt coin analysis I usually provide while things settle down.
Instead, I shifted the way I look at my data a bit. When I put out my weekly picks, I generally set a threshold that coins need to be mentioned by at least four of the 154 influencers/traders I track and at least five separate times.
But today, I thought I’d spotlight some of the coins that just barely miss the cut. Each of the five coins below would have been in my top 10 this week but were just shy of the criteria.
All of these coins have been met the criteria for ranking repeatedly over the last three months, but have simply fallen out of the conversation on Crypto Twitter recently.
Doesn’t mean they aren’t worth a look.
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.