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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. These waves of social attention may even lead to positive feedback loops, where tokens that are highly valued see their price rise precisely because they receive so much chatter.

A lot of things can be reflected in the volume of tweets that refer to a specific 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 Volum Panel, Nov. 11. 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

: An increase in Twitter volume of 598.87% has triggered an +179.18% monthly change in the price

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

The 328.12% rise in Twitter volume was followed up by an +222.12% monthly change in price

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

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