The Currency Analytics
By Maheen Hernandez
Cryptocurrency Sentiment Analysis during CoVid-19
Sentiment is a huge driving factor in cryptocurrency adoption. However, sentiment analysis is very difficult. It is hard to measure metrics.
Cryptocurrency predictions are mostly done on the basis of sentiment analysis. Tweets are important tools to understand the sentiments of investors towards a particular token.
The name of the token considers the mention of the cryptocurrency. The sentiment scores are calculated for the token types by category.
Sydney Ifergan, the crypto expert, tweeted: "The mood on the social media is not the right idea for sentiment analysis or cryptocurrency price predications.
Several posts from cryptocurrency beginners are mixed and confused sentiments. Several mixed, confused, and short-term beginners hang on to tweeting, and they are not see…
Cryptocurrency Sentiment Analysis during CoVid-19 spans across institutional sentiments, beginner sentiments, prospective sentiment, and those who are worried about the ROI.
The sentiments are false, true, partly true, and partly false. Some feel this is the right time to buy in the dips.
Some sentiments are driven by events, some by profits, yet others by frustration relating to losses and some due to lack of progress.