This week in Crypto Sentiments - Are we preparing for a Bull Run?

created on: 2021-12-22

This week, we analyzed 450 news articles, 24285 upvoted comments on Reddit, Google Trends, Twitter, Binance and Bitfinex. Here are our findings.

What is Sentiment?

When press or users on the web talk about something, it could be good news or bad news or if they found it good, interesting etc. They could predict good things or bad things will happen to it. We measure sentiment on a scale of -100% (really bad news/review), 0 (neutral news or opinions) and 100% (extremely good news or opinion). Sentiments drive the crypto market.

General Crypto Trends

  • Fear and Greed Index has reached 74 (Greed) from 84. The market could be preparing another bullrun.
  • Crypto Market cap recently hit an all time high. Crypto adoption is going at a very fast pace.
  • Interest on Google for Crypto is at an all time high. It's a strong bullish sign.

Daily Crypto Trend

051015202530Days until today5060708090100Trend
Fear and Greed
Google Trends
Market Cap

Most talked about Cryptocurrencies (Reddit)

Hover over the dots to learn move. Higher dots have more positive sentiments. Bigger dots got more mentions on social media. Dots on the left are traded more.

Most popular this week

010203040Volume Rank-0.20.00.20.40.60.8Sentiment

Cryptocurrencies most popular on News

Bigger dots had more news articles written about them. A higher dot had more positive news.

Most News this week

010203040Volume Rank-0.4-0.20.00.20.40.60.8Sentiment

Conclusion

Crypto sentiments have been weakly positive around 20% amid the fears of a bearish phase after hitting all time high. Though Shiba Inu (SHIB) had weak fundamentals, it was hyped up quite a lot over the last 2-3 week on Reddit. The news article sentiment is much more cautious at about 6%.

NFTs were hyped up by news quite a bit 2 weeks ago thanks to coinbase NFT marketplace launch, Steam banning blockchain games, Epic allowing them. The news has died down slightly and stands at 50% of what it was.

The general crypto trend indicators seem to strongly suggest that the market is preparing a bull run.

Koinsentiment aggregates news and social media talk around crypto and analyzes the sentiment of each digital asset. Try our Dashboard for real-time sentiment analysis and please support us on Producthunt.

Detailed Sentiment Analysis Results

News Sentiment

Good News vs Bad News

Crypto Market (Crypto)
169
Bitcoin (BTC)
73
NFTs (NFT)
68
XRP (XRP)
17
Ethereum (ETH)
16
Dogecoin (DOGE)
10
Binance Coin (BNB)
8
Shiba Inu (SHIB)
8
Solana (SOL)
8
Cardano (ADA)
8
Polkadot (DOT)
7
Terra (LUNA)
7
Polygon (MATIC)
5
Axie Infinity (AXS)
3
dYdX (DYDX)
3
ARPA Chain (ARPA)
3
Fantom (FTM)
2
UNICORN Token (UNI)
2
Cosmos (ATOM)
2
Perpetual Protocol (PERP)
2
Filecoin (FIL)
2
Litecoin (LTC)
2
EOS (EOS)
2
Compound Coin (COMP)
1
Ethereum Classic (ETC)
1
Bitcoin Cash (BCH)
1
NEO (NEO)
1
Smooth Love Potion (SLP)
1
PancakeSwap (CAKE)
1
Ocean Protocol (OCEAN)
1
Ankr (ANKR)
1
TRON (TRX)
1

Social Media Sentiment

Good social media talk around these coins?

Bitcoin (BTC)
8314
Crypto Market (Crypto)
4334
Ethereum (ETH)
1918
Cardano (ADA)
850
NFTs (NFT)
755
Shiba Inu (SHIB)
652
Binance Coin (BNB)
557
Dogecoin (DOGE)
431
Bitcoin Cash (BCH)
395
Key (KEY)
349
Polygon (MATIC)
328
Polkadot (DOT)
321
SKALE (SKL)
316
Algorand (ALGO)
293
XRP (XRP)
290
Cosmos (ATOM)
274
DODO (DODO)
273
NuCypher (NU)
243
VeChain (VET)
226
Orchid Protocol (OXT)
215
Stellar (XLM)
191
Solana (SOL)
185
Keep Network (KEEP)
173
Stacks (STX)
170
ForTube (FOR)
162
Avalanche (AVAX)
130
Tezos (XTZ)
127
Litecoin (LTC)
123
Nervos Network (CKB)
121
Harmony (ONE)
117
Filecoin (FIL)
109
Internet Computer (ICP)
104
Terra (LUNA)
96
Rare (RARE)
81
Trust Wallet Token (TWT)
80
Kava (KAVA)
73
Hedera (HBAR)
72
Axie Infinity (AXS)
62
FTX Token (FTT)
62
Chainlink (LINK)
62
Fantom (FTM)
61
Kusama (KSM)
58
PancakeSwap (CAKE)
55
TRON (TRX)
48
Request (REQ)
43
Celo (CELO)
40
EOS (EOS)
34
Ethereum Classic (ETC)
30
Cartesi (CTSI)
30
Flow (FLOW)
29
Zcash (ZEC)
29
Sushi (SUSHI)
26
1inch (1INCH)
22
Theta Network (THETA)
20
Ankr (ANKR)
20
Swipe (SXP)
16
Chiliz (CHZ)
15
SafePal (SFP)
14
Syscoin (SYS)
10
Dent (DENT)
10
BitTorrent (BTT)
9
SUN (SUN)
8
New BitShares (NBS)
7
NKN (NKN)
6
Coin98 (C98)
5
Livepeer (LPT)
4
ARPA Chain (ARPA)
2