Bitcoin Fall Under $77,000 Triggers Spike In Social Media FUD
Data shows sentiment around Bitcoin among social media users has turned negative following the recent decline in the cryptocurrency’s price. Bitcoin Positive/Negative Sentiment Has Dropped Recently In a new post on X, analytics firm Santiment has discussed the latest trend in the Positive/Negative Sentiment for Bitcoin. This metric tells us whether the majority of social media comments aimed at a given asset are positive or negative. Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? The indicator works by putting posts/messages/threads containing....
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Data shows social media attention has recently been shifting from Bitcoin and other major assets to meme-based tokens like Dogecoin. Dogecoin & Other Top Memecoins Have Seen A Spike In Social Dominance In a new Insight post, the on-chain analytics firm Santiment has talked about how the Social Dominance has changed for the different sides […]
Over the past week, Shiba Inu (SHIB) surged by 8%. In fact, even though the bearish market prevails, Shiba Inu is still performing at its peak. SHIB’s social metrics up by 1.43% Despite Shiba Inu’s social dominance, ROI is down SHIB whales on a shopping frenzy Social media chatter provides that much needed oomph for Shiba Inu (SHIB), triggering a pump in prices. The amplified whale interest plus metaverse updates certainly gave SHIB that push. The increased hype around SHIB could be because of the Whalestats announcement via a tweet stating that SHIB was able to outperform other meme coins....
The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform. Ethereum’s new active wallet addresses climb to a new ATH of 3,001.804 ETH seen to spike in terms of social media engagements and mentions ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it’s true that this screams a boost in investor interest in the alt,....
I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms […]
Bitcoin has seen a retrace to $107,000 shortly after social media sentiment reached its highest in months. Did retail FOMO act as a contrarian signal? Bitcoin Positive/Negative Sentiment Recently Observed A Sharp Spike In a post on X on Wednesday, the analytics firm Santiment discussed how the mood was around Bitcoin on the major social media platforms, […]