For bitcoin cash (BCH), The Tie currently rates the asset’s sentiment to be 58% positive, and provides one-hour price projections whose upper and lower limits sit $7 apart. A string of other metrics include daily sentiment momentum, tweet dominance, relative tweet volume, and unique data sources. An ‘i’ symbol next to each of these metrics explains their purpose in greater detail. For traders who prefer the cold hard stats of onchain data compared to the fuzziness of sentiment analysis, The Tie also records stats such as total BCH network fees over the last 24 hours (0.5 BCH) and number of active addresses for the same period (35,167).
In addition to analyzing individual coins in depth, The Tie provides a holistic view of the cryptoconomy via its Sentiment Tilted Index and Equally Weighted Index. The former rates the top 20 market capitalization crypto assets, rebalanced daily based on daily sentiment.
For a more conventional tracker of current prices and market valuations of cryptocurrencies, Bitcoin.com Markets has got you covered. The platform, available in English, Russian, Chinese, and Korean, allows you to pick your favorite digital coins and calculate their price in a number of crypto and fiat currencies.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.comis not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post The Tie Uses Sentiment Analysis to Gauge the Mood of the Markets appeared first on Bitcoin News.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!