It is no longer a secret that the price of a cryptocurrency is highly influenced by social media mentions and their emotional connotation. For this purpose, our tool “Community Analysis” is collecting crypto-related messages from BitcoinTalk, Reddit and other social networks, every day.
What are the benefits of our Community Analysis?
- You can get information on 145 cryptocurrencies. To do that, you need to type a cryptocurrency symbol (or a ticker) in a search box «Select An Asset».
- Then specify a period under review. To do that, you need to select one of the below listed variables in a search box Select A Period.
- 1D - for the last day;
- 1W - for the last 7 days (a week);
- 1M - for the last 30 days (a month).
- The ability to select a notification delivery channel.
- You can subscribe to notifications on any cryptocurrency and customize the social media sentiment indicator by adjusting the number of mentions over a given period of time. You will start getting information on social media mentions which will help you to promptly respond to the price fluctuations.
What kind of information can you see on the chart?
The chart will help you to understand to what extent the cryptocurrency is influenced by the crypto communities.
When the number of social media mentions dramatically increases, but didn’t cause any changes in price or trend:
- the discussions in social media are emotionally neutral or not related to the market situation;
- social media mentions were created by accounts whose opinion is neglected by the society.
Lower bars in the chart show the number of mentions for 1 day.
Filter
By default, a cryptocurrency with the biggest amount of mentions over the last week (column «Value, 1W») is selected, when downloading the page.
Selected cryptocurrency is highlighted in the table and the platform generates a chart for that cryptocurrency.
The chart always displays the number of mentions for 1 day regardless of the period in the filter.
Select An Asset
For the convenience of your search, just start typing the name of any cryptocurrency in the search box, the drop-down list will be automatically filtered accordingly.
The platform generates data on 145 cryptocurrencies. If you don’t see a cryptocurrency in the list, it means that there is no data on this cryptocurrency.
Select A Period
If you change a period under review, the results will be recalculated. A cryptocurrency, set in the filter, will be found among the results and the corresponding results page will be displayed.
The results will be sorted by a percentage of change in mentions over the period specified in the filter. The chart will display the data on a given cryptocurrency.
If the system doesn’t find the results on selected cryptocurrency, the table won’t have a field with selected cryptocurrency.
Table of the Results example
| Ticker | Value, 1W | Change %, 1W | Add to alerts |
|---|---|---|---|
| DOGE | 22969 | 6 574.80 % | |
| BTC | 15518 | 72.20 % | |
| CHX | 8223 | 0.50 % | |
| RED | 1548 | 18.10 % |
Timeframe Abbreviations
- 1D - for the last day;
- 1W - for the last 7 days (a week);
- 1M - for the last 30 days (a month).
Results Filtering.
Click on the link in the table title
- «Ticker»
- «Value, 1W»
- «Changes %, 1W»
will sort out the data in the column.
Double click will sort out the data in reverse.
Ticker
Cryptocurrency symbol generally accepted by the exchanges.
Value, 1W
The number of mentions about a cryptocurrency, captured by the platform. You need to specify a period under review after comma.
Changes %, 1W
Percentage change of the number of mentions in relation to the same number of days preceding a selected period.
Add to alerts
- to enable notifications for cryptocurrency
- notification has been enabled. You can change settings of notifications in your personal account, or by clicking on the icon «to set new parameters».
Notification Settings
To enable notifications about any change in the number of mentions about a cryptocurrency, you have to click on the bell icon.
A corresponding cryptocurrency will be selected automatically.
You need to select a tracking period and a percentage of change to occur before you are notified.
After clicking on the «Save» button, the platform will start tracking your cryptocurrency according to predetermined parameters and pushing notifications. You can change the parameters of notifications in your personal profile settings.
If you enable both channels of notifications delivery, email and Telegram, you will receive notification both by e-mail and Telegram. You can change a channel in your personal profile.
Example of how the platform works: Dogecoin 29.01.2021
Remember, what happened in January 2021 with Dogecoin, when the attention to this coin on Twitter went up by 1800% and, consequently, the token price increased by 1000%.
What happened?
Doge price sharply increased due to a high attention to it from WallStreetBets, who got together in one of the forums on Reddit. Price increase could be also associated with some actions of the communities such as Crypto Currency, SatoshiStreetBets and Dogecoin, whose total number of members on Reddit is over 2 million people.
Members of these communities started buying Dogecoin in a coordinated fashion to «send Doge to the moon», in other words, to increase its price to $1.
Thus, one of the active users on Twitter under the nickname @WSBChairman, who has more than 900 000 followers, sent a tweet with a question «Is Doge worth $1?» He was retweeted over 7 000 times and commented over 3 000 times.
Has Doge ever been to a dollar?
— The Chairman (@WSBChairman) January 28, 2021
No doubt that such a high community’s attention made the Dogecoin price fly to the moon. Community Analysis is built on this kind of data. If you look at the Dogecoin chart, you will notice how the number of mentions is influencing the token price growth.
Subscribe to notifications on any cryptocurrency and customize the social media sentiment indicator by adjusting the number of mentions over a period of time. You will be getting information on social media mentions which will help you to promptly respond to the price fluctuations.