{"id":307563,"date":"2021-07-25T00:52:53","date_gmt":"2021-07-24T21:52:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/"},"modified":"2021-07-25T00:52:53","modified_gmt":"2021-07-24T21:52:53","slug":"powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/","title":{"rendered":"# Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e73c84eb5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e73c84eb5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/#Data_intelligence_for_early_birds\" >Data intelligence for early birds<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/#Cryptocom_Coin\" >Crypto.com Coin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/#Quantstamp\" >Quantstamp<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\/#Flow_Dapper_Labs\" >Flow Dapper Labs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>On Crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum.<\/p>\n<p>This is exactly what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up from $7.40 on July 4 to $14.20 on July 14, generated a staggering increase in average tweet volume, totaling more than 1,100% month-to-month. <\/p>\n<p>Another big winner in terms of price, Axie Infinity (AXS), added 456% in tweet volume over the same period. In both cases, tweets mirrored the rallies\u2019 dynamics, with the tweet volume curve closely following the price chart.<\/p>\n<p>In other cases, however, the relationship can be reversed. Sometimes, the Twitter crowd picks up the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> or emerging narratives that the wider market has yet to absorb, producing tweet volume spikes that come before price increases. Is there a way for traders to spot these dynamics early enough to gain an edge over the rest of the pack?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Data_intelligence_for_early_birds\"><\/span>Data intelligence for early birds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tweet volume is one of several metrics used to calculate the VORTECS\u2122 score, an algorithmic indicator that compares complex patterns of market and social activity of an individual digital asset to years\u2019 worth of historical data.<\/p>\n<p>Exclusively available to Cointelegraph Markets Pro (CTMP) subscribers, the algorithm assesses parameters such as the market outlook, price movement, social sentiment and trading activity to generate a score that shows how suitable conditions of the observed combinations are for any coin at any given time.<\/p>\n<p>On top of that, there is a dedicated space on the Markets Pro dashboard featuring assets that see abnormal tweet volume in real-time. Once they are alerted that something is brewing around a coin on Twitter, traders can be incentivized to take a closer look at the asset and make a judgment as to whether its price is likely to go up soon.<\/p>\n<p>Here are three examples from the last thirty days where Twitter activity foreshadowed price action.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cryptocom_Coin\"><\/span>Crypto.com Coin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/d27a3d8b-d932-4f10-9451-aeb8245e19dd.png\"><figcaption style=\"text-align: center;\"><em>CRO&#8217;s Price vs VORTECS\u2122 chart<\/em>.<em> Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>In the case of Crypto.com Coin (CRO), the source of Twitter users\u2019 excitement is crystal clear: A few hours before the coin flashed on Markets Pro\u2019s <em>Unusual Twitter Volume <\/em>box (red circle in the chart), it<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.crypto.com\/ufc-r-and-crypto-com-announce-historic-partnership\/\"> emerged<\/a> that CRO became the first digital asset platform to partner with the Ultimate Fighting Championship, or UFC. The announcement was also delivered to Markets Pro users seconds after the original source published it, thanks to the platform\u2019s instantaneous<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ctmarketspro.helpscoutdocs.com\/article\/31-what-are-newsquakes\"> NewsQuakes\u2122<\/a> functionality.<\/p>\n<p>Unsurprisingly, the big news triggered a sprawling Twitter conversation. If traders had not been convinced by NewsQuake\u2122 and coin\u2019s rising VORTECS\u2122 score, the skyrocketing tweet volume could be the final argument in favor of opening a CRO position. The coin had been valued at $0.113 when tweet volume peaked on July 8, and it kept climbing in the next four days, eventually hitting $0.132 before the price began to decline.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quantstamp\"><\/span>Quantstamp<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/32db64fe-c9a1-4122-93d3-bc1969d01551.png\"><figcaption style=\"text-align: center;\"><em>QSP&#8217;s Price vs VORTECS\u2122 chart<\/em>.<em> Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Establishing what had triggered the surge of tweets referencing Quantstamp (QSP) around June 1 is less straightforward. One potential reason could be the launch of oneFIL, a stablecoin for the Filecoin community, around that time.<\/p>\n<p>The protocol behind oneFIL is audited by Quantstamp. While QSP generates just a handful of Twitter mentions per day, on July 1 it got over 150 tweets, immediately putting it on the Markets Pro radar (red circle in the graph). While the peak tweet volume corresponded to the QSP price of $0.030, the coin pulled off a strong performance in the following days, reaching $0.034 on July 4, continuing to push further.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Flow_Dapper_Labs\"><\/span>Flow Dapper Labs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/17c7d9ef-315c-415c-8cbb-fec2eec487dc.png\"><figcaption style=\"text-align: center;\"><em>FLOW&#8217;s Price vs VORTECS\u2122 chart<\/em>.<em> Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Flow Dapper Lab\u2019s (FLOW\u2019s) peak tweet volume came late on July 10 (red circle in the graph) in response to a highly successful week that the asset had, more than doubling its price from $9 to over $18. <\/p>\n<p>A high VORTECS\u2122 score that FLOW received some 50 hours earlier indicated that in the past, such rallies unfolded in several rounds and that historical precedent suggested a possibility of the second leg. Sure enough, the price kept climbing even after the wave of tweets began to recede, eventually hitting $21.20<\/p>\n<p>These examples demonstrate that, while an onslaught of tweets alone is not always a harbinger of an impending rally, spotting abnormal Twitter activity early on can lead to a profitable trade. It can be especially useful when combined with other metrics and a robust understanding of the coin-specific context.<\/p>\n<p class=\"post-content__disclaimer\">Disclaimer.\u00a0<em>Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. <\/em><em>Full terms and conditions<\/em><em>.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/powered-by-the-people-3-altcoins-whose-tweet-volume-spiked-before-a-strong-rally\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally &#8221; On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback&#8230;<\/p>\n","protected":false},"author":1,"featured_media":307564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZjJhMjY3OTEtZGE1MS00MTkzLWIzNjgtNzQ4ZjgxYzZlNGEzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75302,74863,81262,74939,105688,76903,73785,71407,10401],"class_list":["post-307563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoins","tag-cryptocurrencies","tag-cryptomarket","tag-market-analysis","tag-markets-pro","tag-quantstamp","tag-markets","tag-trading","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/307563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=307563"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/307563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/307564"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=307563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=307563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=307563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}