How Sentiment Analysis Tools Work in Crypto Trading

Sentiment tools are powerful when used in crypto trading. They allow traders to gauge distinguished crypto markets and check their strengths and weaknesses. Arguably, sentiment analysis is underutilized as far as traders' arsenal is concerned. Many misconceptions are found to challenge the tool's applications in analysis.  Sentiment analysis tools enhance good yield if used accordingly. Interestingly, crowd thoughts buy when sentiment is high and trade when it is low. Getting solitary ideas and using the tools can help achieve maximized returns.…

Santiment Report Shows Optimism in Crypto Twitter Amid BTC’s Price Plunge

Santiment, an analytics platform, recently released a report that revealed positive sentiment still prevails on crypto Twitter, after the recent bitcoin price plunge. Santiment is a platform that analyzes several crypto-related posts on different social media platforms to help investors get an overall feel of the market. According to their recent report, the last 3 months have obviously seen a change of attitude towards crypto, as the price dropped from $10,300 levels to sub-$4,000. However, their report suggests that the…