The researchers came up with two algorithms based on social media sentiment, both showed consistent positive returns.
A multidisciplinary team of researchers from Europe and Asia recently conducted research to determine if it was possible to predict positive crypto trading outcomes using nothing but emoji sentiment on social media.
According to the team’s preprint research paper, emoji associated with positive sentiment accurately foreshadowed positive market movement:
In order to discover the relationship between social media posts featuring emojis associated with positive sentiment toward cryptocurrency and increased trading returns, the researchers turned to X, formerly Twitter.
