Stock Groups

These were the 5 hottest coins on Twitter last week — And their price dynamics -Breaking

by Mike Robinson

[ad_1]


The powerful platform of Crypto Twitter (NYSE 🙂 Online discussion can influence price action and not just follow the movements of digital assets. Oftentimes, a spike in Twitter attention can anticipate a dramatic increase in an asset’s price. Sometimes, though, it is possible to reverse the order or even have no correlation between price and tweet chatter.

Two things are required for crypto traders to harness Twitter’s power and make it a profit-generating tool: First, they need to be able to spot sudden spikes in attention to specific assets. Second, they must have sound judgement to determine if an anomaly could signal a rally. While there are reliable algorithmic tools that cover the first ingredient — such as Cointelegraph Markets Pro’s Unusual Twitter Volume indicator — the latter requires instincts and experience.

Cream Finance: The Iron Bank Effect

CREAM price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The Tie

SwissBorg Promo Leads to A Tweet Boom

CHSB price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The Tie

Twitter responds to price pumps

DCR price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The Tie

ZKSwap – Price and Twitter volume rise together

ZKS price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The Tie

FTX Token – Tweet volume rises ahead of price peak

FTT price (blue) vs. tweet volume (green), Jan. 11–16. Source: TradingView/The Tie

Get alerted for Twitter anomalies

CT Markets Pro’s Unusual Twitter Volume panel, Jan. 20. Source: Cointelegraph Markets Pro

Continue Reading on Coin Telegraph

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]