Data shows various cryptocurrencies like XRP and Solana are currently witnessing bearish majority sentiment on social media platforms. XRP, SOL, And Other Assets Are Sharing A Red Mentality Currently According to data from the analytics firm Santiment, a notable bearish sentiment has emerged among cryptocurrency traders during the past week. The relevant indicator is the “Weighted Sentiment,” based on two other metrics: the Sentiment Balance and Social Volume. The Sentiment Balance keeps track of the net sentiment present among users on the major social media platforms. The metric calculates this score by reviewing social media posts and applying a machine-learning model to filter for positive and negative sentiments. Related Reading: Dogecoin Trounced: Chainlink’s 34% Jump Kicks DOGE Out Of Top 10 List Once the indicator has found the scores for these bullish and bearish sentiments, it takes their difference to give the average or net sentiment present among the traders. The other relevance metric here, the Social Volume, tells us about the amount of discussion related to any topic or term on social media platforms. The Weight ..
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