There’s a rather unhealthy obsession going on with price in the Bitcoin market. Speculators are everywhere, particularly on social media where a few good calls can grow your audience exponentially, just like the price itself. A new wave of crypto projects and research outfits are popping up with buzzwords like artificial intelligence and bold claims around predictive algorithms that will supposedly lead to untold riches.

The new kid on the block appears to be social sentiment analysis. Are everyday people actually talking about cryptocurrency? A recent study by social listening platform Pulsar decided to find out exactly that. The company explored close to five million discussions across social media specifically related to Bitcoin. Some of the key takeaways from the report included things like:

  • Bitcoin maintaining its spot as…

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Source: https://thebitcoinnews.com/how-does-social-sentiment-affect-the-bitcoin-market/