Home Altcoins News DYOR on Dogecoin (DOGE) Shiba Inu (SHIB) Floki Inu (Floki) Sentiments

DYOR on Dogecoin (DOGE) Shiba Inu (SHIB) Floki Inu (Floki) Sentiments

DYOR on Dogecoin (DOGE) Shiba Inu (SHIB) Floki Inu (Floki) Sentiments

Social posts about cryptocurrencies are analyzed using machine learning models.  Eventually, the fear/greed index for a particular cryptocurrency is eventually arrived at. This in turn is also reflective of the social media sentiment.

For any cryptocurrency, there are some common questions happening in the minds of the investors.  They are:

  1. Is this a good investment? A good investment is one that gives a decent ROI.
  2. How to identify if an investment will pay off? Bullish and bearish cycles, assessing the content of the top discussed projects, the news that gets mostly shared, hourly sentiments as seen on trend charts, hourly mentions, support and resistance levels, trendlines and periodic patterns, price resistance bands, Top 10 in mentions, buzz and sentiment, search trends, fear and greed index.

Search Phrases:  The primary indicator for a particular cryptocurrency is the numbers of search phrases for the crypto for instance, “Dogecoin” “Shiba Inu” or “Floki Inu.”  Search volume for a particular cryptocurrency is indicative of an interest in that particular crypto.

Social Media Activity: When the discussion about a particular token decrease in the social media, this is indicative of declining interest and when the social mentions increases and there is increased social media activity for a particular token, then the interest in the token is going to build up.  Depending upon the nature of the mention it can lead to a price increase, decrease or consolidation.

“Spikes in Social Media Mentions have always been associated with Price rise.”

Therefore, looking in to social trackers and the volume can be indicative in part of the community sentiment towards a particular crypto.  The details are tracked for a period of 24 hours, week, months, years as need be.  However, when following data trends, it is important to work with reliable data.

“Hourly mentions of Bitcoin Vs. Dogecoin; Bitcoin Vs. Shiba Inu; Bitcoin Vs. Floki Inu.”

When deciding between two tokens comparing the hourly mentions of the tokens to be compared also helps.

So, when you do your research, you have to think in terms of:

Thinking Through DogeCoin (DOGE) / Shiba Inu / Floki Inu Sentiments: Is it worth investing in Dogecoin/Shiba Inu? Is the sentiment bullish or bearish? Is this a speculative bet or an investment with Doge / SHIB / Floki being a meme coin? Is there some utility value for this token? How much can Doge / SHIB / Floki be worth in x years from now? For how long should I hold? From my personal circumstances will it be possible for me to hold forever? What is the hype story of Doge / SHIB / Floki? What is the comparative merit? How well does it do versus other crypto?

Every token community whether Doge coin community or Shiba Inu Community or Floki Inu community have their share of defensive statements about their token. For instance, some of them are going to justify stating Shiba Inu is not just a meme token – it has real utility.  If so, the utility factor should be analyzed.

Everyone have the right to freedom of expression, and therefore opinions should not be taken as it.  The merits and the truth of the fact revealed should be considered.  There are likely to be lot of biased opinions.  Those who already hold Dogecoin are going to talk in its favor; however, those who have lost their money holding Shiba Inu will down talk it and cite examples.  The validity and the reality of the facts and opinions expressed should be considered.


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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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