@charmer3
Sentiment analysis tracks online discussions on platforms like Twitter and Reddit to gauge investor sentiment toward a cryptocurrency. When sentiment is overwhelmingly positive, driven by news, hype, or endorsements from influencers, it often signals a price increase as more retail investors enter the market. Conversely, negative sentiment can indicate upcoming price declines. By analyzing shifts in sentiment in real-time, traders can anticipate short-term price movements and position themselves ahead of the market's reaction, giving them an edge in highly volatile markets like crypto.
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