We track millions of social media posts and use machine learning to determine sentiment for 200+ of cryptocurrencies in real-time. Below is real-time sentiment of tweets mentioning Cardano over the last period. We often look for any extremes in hourly sentiment because often sentiment is ahead of price. As you can see the hourly sentiment of Cardano made a major sentiment reversal on 11th January, 9am UTC time. As we have already posted in other such cases in the past this means a major bullish signal and indeed Cardano has rallied since then for a gain of around 20% in a couple of days.
Tweets mentions and sentiment are often signals for price movements and you can start using sentiment and tweets mentions data like this to improve your cryptocurrency trading by using our platform www.bittsanalytics.com.
