Methodology

Augmento constantly collects cryptocurrency related conversations from Twitter, Reddit & Bitcointalk. Using a classifier trained on crypto specific language the data is analyzed according to 93 sentiments and topics. This method allows to create years of stable data suitable for backtesting.

For this index a combination of these sentiments is used to create a score that reflects whether people on crypto social media exhibit rather bearish or bullish emotions.

If you want to backtest minutely data for Bitcoin or other cryptocurrencies use the Crypto Sentiment API or visit augmento.ai to learn more about crypto sentiment.