The 2020 altcoin Hype-to-Activity index
Tracking the hype and price action of several of your favorite cryptocurrencies. Crypto fans love to defend their favorite assets. Just look at the XRP army and the LINK Marines. Does the hype expressed on Twitter match up with high trading activity though? A few altcoins throughout 2020 revealed mixed results. Using information from The Tie, a crypto data platform, Cointelegraph looked at assets’ Hype-To-Activity Ratios matched against their prices.“Hype-To-Activity Ratio measures the number of tweets a particular coin has per each $1M in reported trading volume of that coin,” Joshua....
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Bitcoin hype has never been quite the same since 2019, according to this metric. Since its drop below $4,000 in March 2020, Bitcoin (BTC) has ridden a bullish trend all the way past its 2017 all-time high, recently hitting almost $42,000. During that time, however, Bitcoin’s Twitter activity has underperformed in comparison to its price. Looking at information from crypto data outfit The TIE indicates that Bitcoin’s price is traveling above its Hype-To-Activity Ratio — a metric which shows tweet volume against asset trading volume — since 2019. “Hype-To-Activity Ratio measures the number....
BTC price bounces and the U.S. dollar falls from fresh twenty-year highs as PMI numbers reignite talk of recession. Bitcoin (BTC) headed for multi-day highs after the Aug. 23 Wall Street open as United States economic data tripped up the dollar.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar suffers as data shows incomes "squeezed"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it eyed $21,700 at the time of writing, near resistance in place since last week’s near-12% drop.The pair gained momentum as the U.S. Purchasing Managers Index (PMI) prints....
Trader sentiment is verging on "extreme fear," the Index shows amid echoes of the climate after the March 2020 cross-asset crash. Bitcoin (BTC) and altcoin traders are more nervous than any time in over a year as a classic sentiment gauge signals "fear" is driving the market.According to the Crypto Fear & Greed Index, cryptocurrency traders have not had such cold feet about the market climate since April 2020.March 2020 on repeatFear & Greed uses a basket of factors to determine overriding sentiment among market participants — and therefore where the market itself is likely headed.Price....
After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017 and early 2018. Early signs that Bitcoin’s bull market was brewing was tipped off by a slow and steady increase in BTC address activity, and now that […]
Vertcoin has been gaining momentum since my last article, "Vertcoin Most 'Active' Coin" was written. Hopefully, that indicates that the method of analysis used has some merit. I used a 'coin activity index' to compare the prospects of the top 12 coins by market cap. Vertcoin scored highest followed by Dogecoin. I would like compare those two coins again by putting them in a head to head matchup. The reason is that Vertcoin has been steaming up the list of coins by market cap on Cryptocoincharts. Meanwhile Dogecoins performance has been rather lackadaisical either indicating a loss of meme....