The Filecoin instance
Filecoin comes in second with favorable sentiment, scoring 57 out of 100, and a buzz rate of 24 percent.
According to CoinMarketCap statistics, the price of FIL has increased by more than 8% over the last 24 hours, which may be both the source and effect of such media attention.
According to SentiFi’s statistics for the previous week, Filecoin has increased by over $1 from a lower price of $5.04 to reach $6.12.
There hasn’t been any significant news from the business recently, but the “State of Filecoin Q2 2022” study published five days ago by data analytics company Messari may have contributed to the hype.
According to the extensive research, Filecoin expanded storage agreements by 128 percent and storage capacity by 7% in the most recent quarter. Revenues from projects increased 264 percent over the prior quarter.
The FIL token may have increased as a result of increased investor buying as a result of these encouraging figures.
In any case, the SentiFi report includes references of many projects in addition to Filecoin. In fact, the Private Instant Verified Transactions (PIVX) initiative comes in first place, earning 77 points and receiving 139 percent of media attention.
PIVX has increased more than 30% in the last 24 hours, and this has undoubtedly led to a significant increase in postings and conversations on social media, despite the fact that it is number 706 by market capitalization and so supposedly not on SentiFi’s radar.
It is an open source blockchain that was introduced in December 2016 but was previously being discussed in the Bitcointalk forums in 2015. It is managed by a DAO.
PancakeSwap among emotional ups and downs;
PancakeSwap (CAKE), which has lost 69 percent of its value since last week, is now ranked third with 53 points. This may be readily explained by a social media promotion that gave out CAKE tokens to people who tweeted.
The price has increased from a low of $2.86 to a high of $3.47 during the last week while trading volume has increased by 10% in the previous 24 hours.
How SentiFi’s data analytics platform functions?
SentiFi is a data source for investment funds, individual investors, and other groups that monitors over 50,000 companies, shares, currencies, and cryptocurrencies. SentiFi examines 100 cryptocurrencies and tokens, the top 100 by market capitalization.
In order to evaluate market sentiment, the majority of the data that is studied comes from the Internet when artificial intelligence (AI) is used to scan what is being said online on social media, blogs, and news.