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How traders can use Twitter to anticipate altcoin price moves -Breaking

by Mike Robinson

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Many crypto traders take to Twitter (NYSE 🙂 when they win big. The same goes for the sharing of their painful experiences, sharing information about promising assets and making predictions. Some tokens can see their value rise because of this positive feedback loop.

There are many things that can be indicated by the number of tweets about a certain asset. 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: TIE
CT Markets Pro Unusual Twitter Panel panel, Nov. Source: Cointelegraph Markets Pro

The increase in Twitter volume was followed by an increase of +350.79% per month in the price.

LRC price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro

: 598.87% more tweets triggered an increase of +179.18% in monthly prices

NU price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro

This is a 354.32% rise in twitter volume, accompanied by an +90.35% monthly increase in the price of coffee

ENJ price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro

: The +39.51% increase in monthly prices was due to a 329.08% spike in twitter volume

ANKR price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro

This was followed by a +222.12% monthly increase in the price of Twitter.

SAND price vs. VORTECS™ Score (yellow/green), Oct. 8 – Nov. 8. Source: Cointelegraph Markets Pro

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