Crypto sentiment: Stellar, Binance Coin, and Dogecoin in the top 5
Crypto sentiment: Stellar, Binance Coin, and Dogecoin in the top 5
Crypto

Crypto sentiment: Stellar, Binance Coin, and Dogecoin in the top 5

By Stefania Stimolo - 23 Aug 2021

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Sentifi’s cryptocurrency sentiment indicator sees Stellar (XLM), Binance Coin (BNB), Dogecoin (DOGE), Chainlink (LINK), and Ethereum (ETH) in the top 5 for the last week. 

Sentifi, the AI platform alternative data provider that analyzes data from social media, news, and blogs, revealed the market’s cryptocurrency fear-and-euphoria trends of the last week.

Crypto sentiment, the ranking

Taking the top spot for market euphoria is Stellar (XLM), which had a sentiment score of 40 and attention of 12% over the past week. Silver medal for Binance Coin (BNB) with a sentiment score of 37

Still on the podium, Dogecoin (DOGE), the crypto meme that, despite falling 20% in the last week, retains the third position with a sentiment score of 36. The previous week, however, DOGE’s sentiment was 46. 

Following the top 5 of euphoric crypto sentiment, we find Chainlink (LINK) and Ethereum (ETH), with respective scores of 35 and 34.

A fall in interest seems instead to have touched Uniswap (UNI), which from a sentiment of 60 points in the previous week, which saw it in the first place, is now below the top 5. Litecoin (LTC) also saw a decline. 

Crypto sentiment and price: what has changed?

The trend on market participants’ mood in a way could be related to the asset price. Comparing Sentifi’s top 5, here’s how cryptocurrency prices have changed. 

Over the past two weeks, Stellar (XLM) has seen a price pump that has caused it to hover between $0.36 and $0.40, compared to $0.24 and $0.30 in previous weeks. 

In this case, the optimism is reflected right in the price growth.

Binance Coin (BNB), the fourth-largest cryptocurrency by market capitalization, has seen the same bullish trend just in the last few weeks going from $350 to $426, with a super price pump over the weekend that sees BNB within a hair’s breadth of $500. 

Moving down the list, Dogecoin (DOGE), which recently saw the Dogecoin Foundation’s resurrection with new representatives Elon Musk and Vitalik Buterin, saw a price pump that took it from $0.25 to $0.32. 

LINK also rose from $26 in the previous week to $29, while ETH from $3,100 increased to $3,350

On the negative side, instead, Uniswap (UNI), which from 29$ of the previous week, dropped last week to 25$, but returned to 29$ already during the weekend. 

Bitcoin sentiment and BTC price 

Today is a special day for Bitcoin: the queen of cryptocurrency BTC’s price has gone beyond the psychological barrier of $50,000. 

Not only that, even though it does not figure in Sentifi’s top 5, its Fear and Greed index for today came in at 79: extreme euphoria. 

And, in fact, the price of BTC after a week that fluctuated at $46,000 saw its pump over the weekend, taking it to the new price of 50k. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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