Social Media Sentiment
Social Media Sentiment
Price Prediction: is DCR a Good Investment Today in 2022, and in 2025, 2030?
Current price and other data:
|Symbol||Price change (1d)||Price (USD)||Price change (1 week)||Sentiment||Sentiment change (1d)||Sentiment change (1 week)||Tweets volume change||Trading volume change||Volatility||MarketCap|
In this guide we will look at the Decred from several different perspectives:
- social media analytics
- pricing data
- technical analysis
- developer activity
Is Decred a good investment - what does social media tell us about this?
Social listening is a strategy that allows for the monitoring of social media
channels to find out what people are saying about individual coins.
Our web platform collects this data non-stop, processing millions of social media posts each day.
From this social media data we determine:
- number of times Decred or DCR is mentioned in social media posts
- sentiment (positive or negative) of social posts in which Decred or DCR is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
- what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Decred or DCR. This allows our users to see which topics/news are positively / negatively impacting the price of Decred
Why can tracker of crypto social media mentions help?
Tracking of social media mentions helps, because the price of coins is often
with activity on social media.
See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:
Social media mentions of Decred
Let us now turn our attention to Decred. You can see the number of
mentions of Decred and DCR in social
media posts in the following chart.
Comparison of hourly number of mentions on social media of Decred and Bitcoin
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Social media sentiment of Decred
Daily social media sentiment of Decred and DCR is
available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):
Comparison of hourly sentiment of DCR and Bitcoin
The interesting development and insights can often be obtained from same
data but based on smaller, hourly interval.
You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.
Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.
Analysis of most frequent words in positive/negative posts about Decred and DCR
As part of NLP analysis of social posts we determine the
are most often found in positive and in negative social posts about
Decred and DCR, using NLP analysis.
Words that are most frequently found in positive sentiment social posts about Decred and DCR are:
analyst, our, dcr, community, great, gain, price, rules, trade, top, next, amazing, called, bullish, caught, review, week, target, retry, last, proper, title, body, within, content, allowed, blank, automatically, performed, there, action, bot, multiple, member, join, properly, requirements, submission, this, contain, all, must, removed, baltimoreanddcrr, posts, please, move, directly, apply, responses,
Words that are most frequently found in negative sentiment social posts Decred and DCR are:
post, appropriate, pm, directly, responses, apply, here, convenient, link, mobile, users, pmed, move, please, posts, baltimoreanddcrr, removed, must, all, contain, this, submission, requirements, there, title, body, automatically, performed, content, allowed, blank, bot, action, within, multiple, join, properly, member, week, target, proper, last, retry, review, caught, next, trade, bullish, amazing, called,
See the 2D chart displaying full word analysis of social posts for this coin:
Interesting Reddit posts about Decred
We collect interesting Reddit posts about
Decred, here is our selection of posts:
Decred technical analysis view
Using trading data, we compute potential support
and resistance levels
for all cryptocurrencies, current chart for
Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Decred:
Bull and bear markets of Decred
A bull market is a period of general rising prices in
the crypto, stock or any other financial market. A
bull market is typically preceded by a bear market and
followed by a bear market.
We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.
Decred has experienced a number of bull and bear markets in the past, see chart below:
What is Decred biggest bull run ?
Decred biggest bull run started on
Feb 21st, 2017 and ended on Jun 22nd, 2017.
During this time, the price of Decred increased from 1.7744 USD to 46.9471 USD, resulting in a return of 2545.8 %.
What is Decred 2nd biggest bull run ?
Decred 2nd biggest bull run started on
Sep 24th, 2020 and ended on
Apr 17th, 2021.
During this time, the price of Decred increased from 11.1270 USD to 245.0984 USD, resulting in a return of 2102.7 %.
Historical bull and bear markets of Decred:
|Symbol||Start Date||End Date||Start Price||End Price||Return|
Other sources of historical data: Decred free historical data for download
Decred cryptocurrency API data
Download historical bull and bear markets data for Decred by clicking on the button below :
Get csv of bull and bear markets
Sentiment of cryptocurrency news about Decred and DCR
We also compute sentiment for all the news that mention
Here is an example of recent, sentiment annotated news about