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You're reading from  Data Science for Web3

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Published inDec 2023
PublisherPackt
ISBN-139781837637546
Edition1st Edition
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Gabriela Castillo Areco
Gabriela Castillo Areco
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Gabriela Castillo Areco

Gabriela Castillo Areco holds an M.Sc. in big data science from the TECNUM School of Engineering, University of Navarra. With extensive experience in both the business and data facets of blockchain technology, Gabriela has undertaken roles as a data scientist, machine learning analyst, and blockchain consultant in both large corporations and small ventures. She served as a professor of new crypto businesses at Torcuato di Tella University and is currently a member of the BizOps data team at IOV Labs.
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Adding social networks to our dataset

Web3 is an online industry so everything that happens online, from opinions to interactions, holds significant influence.

Sentiment analysis, gauging reactions to products or tokens, plays a crucial role for marketing teams, analysts, and traders alike. A noteworthy example illustrating the importance of such metrics is the CoinStats Fear and Greed indicator. This index, available at https://coinstats.app/fear-and-greed/, incorporates social media posts, among other factors, to measure market sentiment.

Figure 3.20 – Crypto Fear and Greed Indicator

Figure 3.20 – Crypto Fear and Greed Indicator

According to CoinStats’ explanation, the index combines data from various sources. To capture psychological momentum, they also draw insights from social media interactions on X, focusing on specific hashtags that carry both fear and greed components, which contribute to the overall calculation. The social media component holds a 15% weight in the final...

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Data Science for Web3
Published in: Dec 2023Publisher: PacktISBN-13: 9781837637546

Author (1)

author image
Gabriela Castillo Areco

Gabriela Castillo Areco holds an M.Sc. in big data science from the TECNUM School of Engineering, University of Navarra. With extensive experience in both the business and data facets of blockchain technology, Gabriela has undertaken roles as a data scientist, machine learning analyst, and blockchain consultant in both large corporations and small ventures. She served as a professor of new crypto businesses at Torcuato di Tella University and is currently a member of the BizOps data team at IOV Labs.
Read more about Gabriela Castillo Areco