The recent plunge in XRP, Dogecoin, and Shiba Inu has led to a significant drop in social media sentiment towards these altcoins. Data from analytics firm Santiment reveals that the sentiment around these cryptocurrencies has taken a negative turn.

The key indicator here is the "Weighted Sentiment," which combines two metrics: Sentiment Balance and Social Volume. The Sentiment Balance uses machine learning to identify and separate positive and negative posts about a specific cryptocurrency on major social media platforms. It then calculates the net sentiment by subtracting the negative posts from the positive ones.

The Social Volume, on the other hand, tracks the degree of discussion around a given asset on social media. This metric represents the unique number of posts that mention the coin. While the Sentiment Balance provides information about the current sentiment, it does not indicate how many users share this sentiment.

The Weighted Sentiment addresses this issue by weighing the Sentiment Balance against the Social Volume. This adjustment ensures that the indicator only reflects an overwhelming dominance in either direction when both the net sentiment and the number of posts are significant.

A recent chart shows the trend in the Weighted Sentiment for XRP, DOGE, and SHIB, indicating a negative sentiment shift. This shift could signal a buying opportunity for investors.