@where6
Sentiment analysis on social media platforms like Twitter, Reddit, and Telegram helps gauge public perception of specific cryptocurrencies. Positive sentiment, such as bullish discussions or endorsements from influencers, can drive price increases as retail investors jump in. Negative sentiment, driven by news or rumors, often leads to sell-offs and price declines. By tracking sentiment in real-time, traders can identify shifts before they manifest in price movements, providing valuable insights for short-term trading strategies in the highly reactive crypto market.
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