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

by Mike Robinson

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Twitter is a popular place for crypto traders to celebrate their success. 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

This is a 744.44% rise in twitter volume, followed by a +350.79% month-end price change

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

: 598.87% more tweets correlated with a monthly +179.18% price increase

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

The 354.32% increase in Twitter volume was accompanied by a +90.35% monthly change in price

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

The 329.08% increase in Twitter volume was accompanied by a +39.51% monthly change in price

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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