Sentiment Analysis is the process by which we determine whether a phrase or act of speech contains an opinion, positive or negative, about a particular piece of news or article.
The sentiment scores on Enroyd.com are based on some of the most sophisticated sentiment analysis algorithms. Nevertheless, the complexities of the human language are such that no system today can aspire to absolute efficiency. Therefore you shouldn’t base your investment decisions only on our sentiment score as it’s only a tool that might help you identify potentially good cryptocurrencies, but it cannot guarantee any future returns on your investment.
The following chart shows the daily average sentiment score of several different social media posts related to this coin.
Very positive: values greater than 0.28
Positive: Values between 0.22 and 0.28
Neutral: Values between 0.16 and 0.22
Negative: Values between 0.13 and 0.16
Very negative: Values below 0.13
Sometimes the average daily sentiment score can be noisy – with many spikes – and can be very hard to interpret. Therefore you should also check the monthly average sentiment scores, especially if you want to spot or analyze potential trend changes.