íàçâàíèå

New Study Reveals the Most Overhyped Cryptos on Twitter, and its Not Tron…

New Study Reveals the Most Overhyped Cryptos on Twitter, and its Not Tron…

Cryptocurrency analysis and data platform, The TIE, recently did an investigation into crypto-hype on Twitter. Which tokens are being manipulated the most, through bot accounts and inflated engagement? To compare, it looked at hype-to-activity ratio, or number of tweets per $1 million of trade volume.

Let’s Start With A Look At The Wallflowers

Across the 450 cryptocurrencies considered in the investigation, there was an average hype-to-activity ratio of 1.02 tweets per $1 million of trade volume. So any token rated under this value would seem to be eschewing hype as a marketing tool and not really caring whether it was noticed or not. Either that or it’s flying under the radar

The least overhyped cryptocurrency turned out to be Tether, scoring just 0.003. Whilst this may come as a bit of a surprise to some, as Tether is subject to a disproportionate amount of (mostly negative) hype, we must remember that it is used extensively in crypto-trading – not to mention it regularly hits daily volumes of over $20 billion.

Other low scorers included EOS (0.008), Ethereum Classic (0.158), Cosmos (0.230), and NEO (0.231).

Balanced Crypto Performers

Cryptocurrencies scoring values in the rough area of the average appear to be quietly confident in their own abilities. Having no need to blow their own trumpets, they can just concentrate on doing the job in hand.

The majority of the top five tokens by market cap fall into this group. Bitcoin gets a 1.72, Ethereum slightly lower on 1.17, Bitcoin Cash slips below the average with 0.72, and Litecoin sits in the middle with 1.08.

The eagle-eyed amongst you may have noticed one notable omission. It will come as no surprise to find XRP bucking the trend of high market-cap coins. It scored an impressive 4.07 hype-to-activity score. This actually spikes even higher to an ominous 6.66 when including popular hashtags like #XRPArmy and #XRPCommunity. Is XRP the cryptocurrency of the beast?

Don’t Believe The Hype!

But even XRP fades into insignificance compared to some of these over-inflated hype-beasts. The current top three comprises of TokenPay (911.1 Tweets/$1M), Electroneum (678.8), and Dragonchain (505.3). TokenPay has an astonishing 33 million percent higher hype-to-activity ratio than Tether.

This level of ‘all hype, no trousers’ presents itself through tweets from hoards of bot accounts, fake followers, and manipulated engagement. For example, Electroneum has 127, 000 followers on Twitter, whereas BitMEX has only 65,000.

And for those of you who only read the article to laugh at Justin Sun… I’m afraid you’re going to be disappointed. Tron scores a hype-to-activity rating of well below average at 0.544. Although, if we consider Facebook likes as a metric, Sun has *cough* over 6 million *cough*, whereas exchange Coinbase, with over 60 million users, has just 187K.

The post New Study Reveals the Most Overhyped Cryptos on Twitter, and its Not Tron… appeared first on Bitcoinist.com.

19.08.2019 / 06:50 21
Bitcoin Twitter Interest Hit 8-Month High as Price Surged 60% Bitcoin Twitter Interest Hit 8-Month
Bitcoin price achieved its highest monthly gain in May 2019, which coincided with the largest BTC tweet volume since October 2018. Twitter Hype and
Bitcoin (BTC) Remains the Crypto King, Both in Marketcap and Twitter Hype Bitcoin (BTC) Remains the Crypto King,
A recent DataLight report found that BTC has considerably increased its popularity after the price rally it experienced a few weeks ago. According to
‘Twitter Hype Index’ Mirrors Cryptocurrency Market Cap, New Data Shows ‘Twitter Hype Index’ Mirrors
The DataLight Hype Index shows Bitcoin leads the way in terms of popularity on Twitter with the results of the ranking closely mirroring the position
Australian Gov’t Agency Unimpressed, Says Blockchain ‘At the Top of the Hype Cycle’ Australian Gov’t Agency Unimpressed,
Australias Digital Transformation Agency (DTA) doesnt appear to be impressed with the current state of blockchain technology. According to its chief
Blockchain Enters “Trough of Disillusionment” According to Gartner Blockchain Enters “Trough of
Gartner, Inc., a research and advisory firm specializing in the financial and IT industries, recently published a report that asserts blockchain has
Bitcoin Price was Manipulated by Tether, Researchers Claim Bitcoin Price was Manipulated by
Market manipulators used Tether’s USDT token to artificially inflate the bitcoin price during 2017’s prolonged bull run. That’s according to
Comments (0)
Add a comment
Comment on