@whisperingharbor
Sentiment analysis on social media platforms, such as Twitter and Reddit, helps gauge the market's mood in real-time. Positive sentiment, driven by news, partnerships, or hype around a particular cryptocurrency, can lead to increased buying, pushing prices up. Conversely, negative sentiment, such as fear over regulations or security breaches, often leads to selling pressure and price drops. By monitoring these shifts early, traders can identify potential short-term price movements before they are fully reflected in the broader market, allowing them to capitalize on emerging trends and adjust their strategies accordingly.
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