Looking at the race reveals just how many early cryptoassets have fallen by the wayside. While early coins such as Namecoin, Peercoin and Novacoin are not ‘dead,’ but have been far eclipsed in market cap by newcomers since 2013, some cryptocurrencies have completely subsided.
Steemit is a blockchain-based service for bloggers and journalists that was launched in 2016. On the eve of the service’s third birthday, we have decided to study Steemit’s social indicators. Analysis of the project’s social media The project started gaining subscribers more rapidly on January 1, 2018, which can be associated with the growing popularity of cryptocurrencies during that period. In the beginning of 2018, Telegram community actively mentioned the project in chats, but this indicator decreased by the end of the year. However, the beginning of 2019 saw this indicator increasing and reaching a half-year old level . Starting from November 15, 2018, DataLight has been tracking Twitter mentions of all crypto assets. The chart above shows Steemit’s Twitter mention count starting from 16.11.2018 . As we see, Twitter Hype has increased by 3 times over the last three months. Comparison to Medium Medium is one of the largest blogging platforms on
In 2018 research «Cryptocurrency Price Prediction Using Tweet Volumes and Sentiment Analysis» was published by: Jethin AbrahamDaniel HigdonJack NelsonJuan Ibarra Master of Science in Data Science Southern Methodist University Dallas, Texas USA. Authors presented a method for predicting changes in BTC and ETH prices utilizing Twitter & Google Trends data. We are glad that what we do at DataLight is being backed by the scientific researches.Combining data from market, blockchain and social activity can provide you with incredible results in predicting next moves of the market. Please follow the link to read the full research. P.S. Google Trends are also in our plans!
While cryptocurrency price movements can often seem to be somewhat of a mystery, it can be useful to look at social media sentiment, as part of your fundamental analysis.
Binance Coin (BNB) is undoubtedly one of the hottest altcoins of 2019. Initially launched via an ICO in 2017 to fund the new and now leading Binance crypto exchange, BNB has seen explosive growth this year.
In 2018 an average Bitcoin transaction volume was 450 times higher than Visa’s average, while the total of $3.4 trillion transferred with Bitcoin in 2018 is 5,8 times higher than such of PayPal.
Research conducted by DataLight has found that in fact it took TRON two months to overtake BTC in sheer number of transactions, and four months to overtake ETH, the second-large cryptocurrency by market cap.
Have you seen our infographics which compares trading volumes of Bitcoin (BTC) and Tether (USDT)? Did you know that you can conduct such a researches youself using DataLight Lab?
DataLight API is designed for market professionals, for those who use automated trading systems. Accordingly, for them, the API provides data in a machine-readable, aggregated form.
It has become almost a law of cryptocurrency markets that where bitcoin goes, altcoins follow.
An analysis conducted by DataLight on the top cryptocurrency exchanges in the industry has shown the number of trades conducted on exchanges is on the whole correlated with the amount of hype surrounding them, although there are some notable exceptions.
New blockchains are arriving to our lab, and today it is TRON (TRX). Feel free to apply all of our amazing blockchain analytics tools to it.