phaver

Sentimental analysis

Sentimental analysis is the act of predicting the prices of cryptocurrencies based on narrative, sentiments, emotional feeling and news circulating around the project. We have the power of sentiments and what it can do for the price of a cryptocurrency.

A cryptocurrencies can remained stagnant for years, however, all it takes is the right sentiment or narrative to circulate around the project for the price to moon. In contrast, a price of a cryptocurrency can drop in a very short time because of the rumors, news, reports, negative narrative and sentiments circulating around the project.

This method of price forecasting doesn’t follow fundamentals or technical because even a cryptocurrency project without a strong fundamental can moon in price because of the narrative and sentiments around the project. Likewise, the price of good cryptocurrency project with great fundamentals can drop flat in price because of the negative narratives or sentiments surrounding the project.