Analysis of Crypto Social Trends for Jan 15th, 2019
Analysis of Crypto Social Trends for January 15th, 2019
Hi San Clan!
Below is a screenshot from a tool that we at Santiment recently built called Social Trends. It scrapes pretty much all crypto-related social media channels (reddit, telegram, discord, trading channels) and calculates the top 10 trending words in crypto every few hours. These are the results for today, January 15th, 2019:
We’re building this tool as a daily 'snapshot' of crypto’s biggest talking points. Also, our community members discuss and provide context to these trending words every day. Here’s today’s thread, with additional insights and in-depth analysis of above words: https://community.santiment.net/t/15th-jan-social-trends-snapshot/1100
So what's the crypto crowd talking about today? Well, the focus was squarely on breakout coins, with plenty of chatter on daily winners, and what that means for the market in general. Here's our breakdown of the most discussed topics/coins of January 15th, 2019, based on the analysis by our community members:
- DLT - Agrello
Since yesterday, the price of DLT skyrocketed 150% while the 24hr volume grew much higher than the current marketcap at $10mil. Here’s the 1-month price action of DLT:
People in the chats are speculating that an announcement is about to be made about legal licensing or a big partnership. Others got the impression that buyers confused Agrello DLT with a recent article about HSBC using DLT (distributed ledger technology) to settle more than $250 billion in transactions:
QuarkChain (QKC), one of the top 100 digital coins, has risen more than 20%, and is currently trading at $0.0422. QuarkChain’s 1-month price action:
The upswing was prompted by the news of QKC listing on Upbit, a UTC South Korean cryptocurrency market:
QLC captured everyone’s attention today with a massive breakout run, recording 24hr gains of ~40% as of this writing. Here’s the coin’s 1-month price action:
Another notable breakout, with 24hr gains of ~73%. Vibe’s 1-month price action:
Ethlend spent the Monday mushrooming to a day-high of $0.0093, before heading back south. It’s currently down 2.49% for the past 24 hours:
Another top 10 seeding on our list for Tron as it continues to ride the green wave, currently at +6.54% for the day.
For a detailed breakdown of all Trx-related news in the past few days, check out Petersik’s comment below.
Bitcoin claimed the #1 spot in our left-most column, and understandably so: at the time (22:00 UTC yesterday), the coin was trading at around $3.556.
It has since bounced back to the ~$3700 level, and is currently up 2.04% for the day. Choppy price action overall however:
Finally, there’s been plenty of discussion about the overall state of the crypto market: some confidently proclaiming bottom, others fearing a prolonged winter. Who to trust?
That's it for today! Enjoyed this analysis? Be sure to join our new telegram channel for daily commentary and analysis of Santiment’s latest on-chain and social signals!
As always, visit SANbase to explore these and other trends in more detail!