Crypto sentiment: Filecoin and PancakeSwap ranked at the top
Crypto sentiment: Filecoin and PancakeSwap ranked at the top
Crypto

Crypto sentiment: Filecoin and PancakeSwap ranked at the top

By Amelia Tomasicchio - 18 Jul 2022

Chevron down
Listen this article
download

According to the latest data collected by SentiFi‘s report covering the week ending 15 July, Filecoin (FIL) and PancakeSwap (CAKE) are among the cryptocurrencies that have received the most media attention and whose sentiment therefore seems positive.

The case of Filecoin

With a sentiment of 57 points and an attention buzz rate of 24%, Filecoin ranks second with positive sentiment.

Such media attention could be the cause and consequence of FIL’s soaring price, which is currently up more than 8% over the past 24 hours, according to CoinMarketCap data. 

Taking the last week’s data, to which SentiFi refers, Filecoin is up nearly $1, from a lower price of $5.04 and having reached $6.12.

There has been no big news from the company in recent days, but what may have influenced the attention buzz is the “State of Filecoin Q2 2022” report released five days ago by data analytics firm Messari.

The lengthy report states that in the last quarter, Filecoin increased storage agreements by 128%, with storage capacity growing by 7%. Project revenues were up 264% from the previous quarter.

Such positive numbers may therefore have led investors to buy more and thus also drove up the FIL token.

In any case, the report produced by SentiFi mentions not only Filecoin but also other projects. In fact, at the top of the ranking, with a score of 77 points and a media attention of 139% we find the Private Instant Verified Transactions (PIVX) project.

Despite being ranked 706 by market capitalization and thus theoretically not under SentiFi’s radar, PIVX has risen more than 30% in the last 24 hours, and this has obviously triggered a major influx of posts and interactions on social media.

Launched in December 2016, it is an open source blockchain run by a DAO that was already being talked about in the Bitcointalk forums in 2015. 

PancakeSwap amid ups and downs in sentiment

Despite a 69% loss since last week, PancakeSwap (CAKE) is in third place in the rankings with 53 points. The reason for this is easily explained: a giveaway on social that allowed those who tweeted to win CAKE tokens.

In addition, trading volume has risen 10% over the past 24 hours, while the price has risen from a low of $2.86 to a high of $3.47 in the past week. 

SentiFi, how the data analytics platform works

SentiFi is a data provider that analyzes over 50 thousand stocks, shares, currencies, and cryptocurrencies for investment funds, retail investors, and so on. As for crypto, SentiFi studies 100 crypto and tokens, the top ones by market capitalization.

Most of the data analyzed comes from the Internet in terms of scanning with artificial intelligence (AI) what is being said online on social media, blogs and news to understand market sentiment.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.