RE: SEC S16-W5 || Navigating the STEEM Token
Hello friend greetings to you, hope you are doing well and good there.
You said Analyzing the sentiment around the Steem token on social media provides clues as to how the asset's military perception and price movement can be influenced. Yes this is very true. Trend on social media really drive the market in along direction. Positive trend drive it positively and vise versa. Twitter and Reddit are all ways that can be used to measure potential system market impact.
You are true in saying that sentiment and analysis tools should be used mix.Traders can learn about market price trends by analyzing it using different indicators , plus they find out what people are buying and selling and discussing on social media.
I wish you very best of luck in this contest.
Thank you first. To read my post. Yes bro social media is now an easy medium to promote anything in a short period of time. This social media medium is very effective for promotion. By analyzing the previous chats or analyzed data on social media, price trends and when prices will increase can be identified.