When crypto traders win big, they often take to Twitter (NYSE:TWTR) to share the joy. They tend to do the same for sharing painful stories of getting wrecked, discussing promising new assets, or sharing insight and predictions on which projects can become the next big thing. Sometimes these waves of social attention can even create positive feedback loops whereby the tokens that command the chatter see their prices soar precisely for that reason.
The volume of tweets referencing a particular asset can indicate a lot of different things. This month, the five tokens that saw the greatest month-to-month increases in daily tweet volume — Loopring’s LRC, NuCypher’s NU, Enjin Coin (ENJ), ANKR and The Sandbox’s (SAND) — also saw some of the heftiest monthly gains. This in itself is not at all shocking, as the assets that see huge rallies tend to attract the Twitter crowd’s attention.
Volume of tweets mentioning LRC, NU, ENJ, ANKR and SAND, Oct. 9 – Nov. 9. Source: The TIECT Markets Pro Unusual Twitter Volume panel, Nov. 11. Source: Cointelegraph Markets Pro
LRC/USD: A 744.44% increase in tweet volume followed by a +350.79% monthly price change
LRC price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro
NU/USD: A 598.87% increase in tweet volume triggered a +179.18% monthly price change
NU price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro
ENJ/USD: A 354.32% surge in tweet volume accompanied a +90.35% monthly price change
ENJ price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro
ANKR/USD: A 329.08% surge in tweet volume backed a +39.51% monthly price change
ANKR price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro
SAND/USD: A 328.12% increase in tweet volume was followed by a +222.12% monthly price change
SAND price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro
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