ArticlePloS one2018
Predicting altcoin returns using social media.
Article in PloS one, 2018. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
4 citing papers in PubMed.
- Social media engagement and cryptocurrency performance.PloS one · 2023Article
- Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic.Research in international business and finance · 2023Article
- Twitter Sentiment Analysis and Influence on Stock Performance Using Transfer Entropy and EGARCH Methods.Entropy (Basel, Switzerland) · 2022Article
- Measuring information flux between social media and stock prices with Transfer Entropy.PloS one · 2021Article
Corrections and comments
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Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Cryptocurrencies have recently received large media interest. Especially the great fluctuations in price have attracted such attention. Behavioral sciences and related scientific literature provide evidence that there is a close relationship between social media and price fluctuations of cryptocurrencies. This particularly applies to smaller currencies, which can be substantially influenced by references on Twitter. Although these so-called "altcoins" often have smaller trading volumes they sometimes attract large attention on social media. Here, we show that fluctuations in altcoins can be predicted from social media. In order to do this, we collected a dataset containing prices and the social media activity of 181 altcoins in the form of 426,520 tweets over a timeframe of 71 days. The containing public mood was then estimated using sentiment analysis. To predict altcoin returns, we carried out linear regression analyses based on 45 days of data. We showed that short-term returns can be predicted from activity and sentiments on Twitter.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.