About Lesson
Analyzing social media channels, on-chain metrics, and other crypto indicators can provide insights into a coin or project’s sentiment. With a better understanding of the market’s current attitudes, you are more likely to make better trading or investment decisions.
To help maximize the effectiveness of sentiment analysis, it’s usually best to combine it with:
- Technical analysis – might help you make better predictions when it comes to short-term price action.
- Fundamental analysis – to determine whether controversial information is justified or to evaluate a coin’s long-term potential.