Sentiment Analysis: Top 13 coins for week of June 4

The waiting is the hardest part.

It wasn't a terrible week on the crypto markets, but the world continues to wait to see if poppa Bitcoin is going to pick a lane.

We're entering the second week of my new analysis (you can find a guide above) and I've already made a tweak. For this week, I added a weight to the number of influencers who mention a specific coin. This prevents any single influencer from having too much sway over the rating of a single score.

I thought the first weekly picks did well, with 12 of 15 outperforming the market at some point. .

A lot of the bigger alts return to the list this week, which could be a sign that my stable of 100 influencers and traders sees green light at the end of this red tunnel. Let's start with $BTC.

$BTC

Bitcoin has been trending neutral to slightly positive over the last couple weeks, after reaching a bottom around May 24. While this provides some optimism, there remains no clear signal that $BTC is entering a turnaround, even with the gains it made later in the week.

While some influencers believe we've hit bottom for the moment, more seem to believe we're in for at least one more downturn before we begin another run. Keep that in mind as you dabble with alts this week.

The top coins

All news items from CoinMarketCal.com unless otherwise specified

14.

12. (tie)

12. (tie)

11.

9. (tie)

9. (tie)

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The Data

As always, here is all the data I collected this week.

Coin	Total Mentions	Sentiment (out of 100)	Passion (out of 100)	Influencers	Power Rating (out of 100)
$ACAT	2	66	16	1	40.25
$ACT	6	80	23	2	71.5
$ADA	20	21	74	8	57
$AE	1	2	57	1	1
$AION	2	72	35	2	55.75
$AKL	1	72	39	1	36
$ALQO	1	6	79	1	3
$APPC	1	23	17	1	11.5
$ARDR	4	11	48	3	39.75
$ARK	1	3	39	1	1.5
$AURA	3	51	17	2	52
$BANCA	2	83	67	1	48.75
$BAT	1	13	57	1	6.5
$BBO	8	50	15	1	46
$BCC	4	10	97	2	33.5
$BCH	19	20	50	8	56.25
$BCN	11	10	79	5	48.75
$BCO	6	38	7	3	56.25
$BIS	2	55	16	1	34.75
$BITG	1	23	0	1	11.5
$BIX	2	55	27	1	34.75
$BLZ	1	9	93	1	4.5
$BMC	2	93	57	2	66.25
$BNB	2	80	35	2	59.75
$BPT	1	23	7	1	11.5
$BTC	501	49	55	67	74.5
$BTCP	3	51	33	3	57.75
$BTS	1	23	39	1	11.5
$CVC	7	39	24	4	60.5
$DAXT	3	41	17	2	47
$DBC	3	72	17	2	62.5
$DBIX	2	99	89	2	69.25
$DC	1	86	97	1	43
$DCR	2	23	7	1	18.75
$DEV	1	23	0	1	11.5
$DGB	6	12	26	5	46.5
$DGD	1	23	17	1	11.5
$DGPT	1	98	98	1	49
$DIG	3	41	57	2	47
$DNR	2	18	7	1	16.25
$DRGN	9	54	48	5	70
$ELF	1	55	97	1	27.5
$ENG	4	18	79	2	37.5
$ENJ	1	23	7	1	11.5
$EOS	66	23	50	21	60.5
$EQL	1	72	17	1	36
$ESP	1	23	84	1	11.5
$ESZ	1	86	95	1	43
$ETC	1	96	67	1	48
$ETH	59	45	38	28	71.5
$ETHBTC	6	38	5	2	50.5
$EVE	2	92	92	2	65.75
$FLEA	4	72	83	1	52
$FOTA	2	80	52	2	59.75
$FUN	1	83	95	1	41.5
$GIN	2	46	39	2	42.75
$GTO	1	55	84	1	27.5
$GVT	8	64	66	3	71.25
$HKN	5	54	33	2	57.75
$HTB	2	23	0	1	18.75
$ICX	21	45	63	10	70
$IMPUY	1	23	0	1	11.5
$INXT	2	55	17	1	34.75
$IOST	3	17	14	2	35
$IOTA	21	11	65	7	52
$KEC	2	97	79	1	55.75
$KLKS	7	79	63	2	72.25
$KMD	3	51	76	1	39.5
$LBC	3	41	62	3	52.75
$LEND	6	66	78	4	72.75
$LINDA	9	83	66	1	63
$LINK	2	86	89	2	62.75
$LNS	4	13	14	1	22.5
$LTC	27	55	73	10	75.5
$LTCBTC	2	18	39	2	28.75
$LUX	2	18	67	2	28.75
$MAID	1	0	84	1	0
$MAN	4	72	26	2	64.5
$MANA	1	86	39	1	43
$MBC	10	46	32	1	45
$MONK	2	96	67	1	55.25
$MSP	6	69	67	4	74.25
$MTL	1	23	7	1	11.5
$MWAT	1	83	90	1	41.5
$NANO	7	39	57	4	60.5
$NCASH	5	22	39	3	47.5
$NEBL	4	23	77	3	45.75
$NEO	7	70	49	6	78
$NEXO	1	72	17	1	36
$NLX	2	66	83	1	40.25
$NOS	4	72	67	1	52
$NULS	2	2	67	2	20.75
$OCN	85	64	54	19	81.25
$OCN’S	1	72	94	1	36
$OCP	3	41	6	2	47
$ONT	5	16	84	3	44.5
$OPEN	1	72	57	1	36
$OST	1	55	79	1	27.5
$PASC	1	3	39	1	1.5
$PAY	2	6	27	1	10.25
$PCN	4	53	57	3	60.75
$PHR	2	86	39	1	50.25
$PIRL	2	55	27	2	47.25
$POE	3	41	39	3	52.75
$POLY	1	86	39	1	43
$PPT	2	4	39	2	21.75
$PRL	1	55	7	1	27.5
$QASH	2	93	57	2	66.25
$QLC	2	13	17	1	13.75
$QSP	16	8	88	1	27
$RAIN	3	86	82	3	75.25
$RDN	1	86	100	1	43
$REL	2	98	84	1	56.25
$REP	3	41	39	3	52.75
$RLC	10	23	39	3	51.75
$RLT	6	46	38	2	54.5
$RPX	4	95	74	2	76
$RVT	2	72	67	1	43.25
$SALT	4	80	52	3	74.25
$SEN	1	72	17	1	36
$SHIFT	2	66	35	2	52.75
$SKY	2	100	90	1	57.25
$SNAP	3	51	76	2	52
$SNT	1	55	57	1	27.5
$SPHTX	1	0	84	1	0
$SPX	2	55	27	1	34.75
$SS	8	64	34	5	74.5
$STORM	6	55	73	4	67.25
$STQ	1	23	27	1	11.5
$STRAT	5	5	67	1	20.75
$T	2	55	7	1	34.75
$TEL	3	82	36	3	73.25
$TFD	2	23	0	1	18.75
$THETA	12	71	67	6	80.75
$TKY	1	23	0	1	11.5
$TOMO	2	46	7	2	42.75
$TRAC	2	13	94	1	13.75
$TRIG	1	86	84	1	43
$TROLL	2	4	79	1	9.25
$TRX	62	50	56	15	73.75
$TSC	1	23	27	1	11.5
$TSLA	1	23	0	1	11.5
$TUBE	1	13	7	1	6.5
$UBQ	2	55	27	1	34.75
$VEE	2	66	25	2	52.75
$VEN	7	16	53	5	49.75
$VIA	1	93	99	1	46.5
$VRA	5	44	7	1	40.25
$WABI	2	23	5	2	31.25
$WAN	15	55	37	7	73.25
$WAVES	21	72	54	8	82.75
$WAX	1	0	90	1	0
$XEM	1	6	27	1	3
$XHV	1	86	90	1	43
$XLM	8	8	74	5	46.5
$XMN	4	66	55	2	61.5
$XMR	4	86	64	3	77.25
$XN	9	69	51	2	68.5
$XPTX	2	23	0	1	18.75
$XRP	12	17	23	5	52.5
$XRR	2	46	7	2	42.75
$XSN	2	83	27	2	61.25
$XVG	30	39	47	8	67
$XZC	1	93	93	1	46.5
$ZCL	2	1	77	1	7.75
$ZEC	4	23	25	3	45.75
$ZIL	6	23	64	4	51.25
$ZPT	2	23	0	1	18.75
$ZRX	26	22	51	9	58.5

The Influencers

Below are the original top 40. I'll get around to adding the rest at some point, but you can find the full list here.

@MagicPoopCannon	@CarpeNoctum	@CryptoChoe
@Crypto_Ed_NL	@Panama_TJ	@CryptoDonAlt
@CryptoHornHairs	@CryptoYoda1338	@Pacoiin
@cryptoSqueeze	@CryptoGat	@CryptoTutor
@Haejin_Crypto	@Anbessa100	@davidgokhshtein
@Crypto_Rand	@Crypto_Capone	@Socal_Crypto
@CryptoCred	@whatbitcoindid	@BigCheds
@VentureCoinist	@BigChonis	@RektCapital
@tehMoonwalker	@notsofast	@CryptOrca
@TheCryptoMonk	@TheBlond82	@CryptoWildWest
@HonestlyCrypto	@crypto_birb	@JewKorean
@cryptostaker	@cryptomocho	@cryptocobain
@CryptoTutor	@CryptoMichNL	@CryptoBulld0g

Who am I?

I'm an investigative data journalist during the day, and I've been looking for a way to cut through the noise and get a true sense of what some of the biggest crypto influencers are pushing toward and pulling away from.

Using a pseudonym here because I can't post about this shit on my verified accounts. I've become mildly obsessed with crypto and its constant stream of data and needed an outlet. So here I am.

What is this?

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.