I posted this originally on reddit here, but I thought the Bitcoin Pub community would also find it interesting. Looking forward to participating more here!
Sentiment snapshot: Positive sentiment on the subreddits r/cryptocurrency and r/altcoin has rebounded after being at lows not seen since last fall.
Also, here are this week’s stats on the most mentioned cryptos on reddit, as well as some recent posts from other redditors that I found extremely educational!
Background: I wrote a program that scrapes reddit posts from r/cryptocurrency and r/altcoin, calculates how much certain cryptocurrencies are mentioned, and uses a machine learning model to give each post a sentiment score. Understanding crowd sentiment can help give an early indication of the next potential 10x crypto, or just a general understanding of where the market could be headed. I’m always doing more research into the data so stay tuned for updates, and let me know if you have any questions or suggestions!
RECENTLY TRENDING CRYPTOS
Jibrel Network (not in the table below but in the Google Sheet linked to below), a recent ICO, started getting discussed more in the reddit community. Jibrel is one of the few to completely pass icocheck.io’s ICO due diligence checklist, a resource I highly recommend using.
Another recent ICO to appear for the first time on this list is THEKEY. Looking at the posts and comments themselves (in the Google Sheet below), most of the posts are link posts and not text/self posts, and the comments overly positive, indicative of paid shills and/or bots.
|Crypto Name||Market Cap||7 Day Price % Chg||Post Count||Post Count Week Over Week % Change||Total Post Score||Score Week Over Week % Change|
Visit this page
to get the Google Sheet with all the stats and URLs to the scraped reddit posts.
Notes: “Post Count” means the number of posts that had titles that mentioned the specified crypto. “Week Over Week Change” means the change in the specified metric over the last 7 days, compared against the metric over the previous 7 days before last week. “Total Post Score” means the sum of net upvotes (or score) for all posts that mentioned the specified crypto.
I found these recent posts highly educational and helpful for better understanding how the crypto markets work.
- Why opinion and sentiment drive crypto market prices, not money flow
- Why Tether could be the biggest systematic risk to the crypto markets today
Let me know what you think! I’m always looking to improve and provide more useful and interesting info, so don’t be afraid to reach out!