IOTA shows a red flag
One of the trending coins since yesterday is IOTA:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/cc88c097dcdb0a35416ff2dc0e8ef73d8e88fd1717ba8f17d163163f0dd2173e_1580367038356_screenshot-app.santiment.net-2020.01.30-09_50_11.png)
It's social volume is highest since October:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/acb4f199a2edaf0463936d3d6c4464ce64d2403594f6d5660b5e17e152d86c26_1580367302269_screenshot-app.santiment.net-2020.01.30-09_54_31.png)
and is related with nice IOTA's price action - almost ×2 in a month!
First of all nice to find out what happened at the bottom and what were people talking about back then:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/d170c2e62ee1dc5421a18c5870d9a212ec3f1348b8760def8f17bea5a6c65a4f_1580367798223_screenshot-app.santiment.net-2020.01.30-10_02_23.png)
First social volume spike happened on December 18th.
Santiment Social Data Feed interface (available for Sandata users) is a best tool for analyzing social background any date.
Findings:
- 1. IOTA releases an "End of Year Dev Update — Roadmap for 2020"
- 2. Trinity wallet users can buy Toyota... excuse me, can buy IOTA directly from the wallet - https://twitter.com/iotatoken/status/1207326269479800832
- 3. "Announcing Spark: A Web-Based Low-Security Burner Wallet"
- 4. "Introducing Hornet — a lightweight IOTA node"
- 5. Not really that much talks in cryptoverse, lots of #2 announcement reposts
- Take a Look at #IOTA in 5 Years... The Potential is bigger than big....
- Man im going to pick up a lot of iota
- A fantastic future ahead for IOTA
- Iota is a long play. A VERY long play.
- Last i heard about IOTA was that co-founder dumped the premine and exit the project
- holy moly look iota coin of the future quantum hacking proof, just constantly dumping like a piece of shyt
Generally quite positive mood can be observed during IOTA's bottom on December 18th. And price remained 'stable' until second social boom.
December 30th bursts community with this:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/39c06b054cc46fbb0ff7b56ac771218051a4a9b3e4588d35d9263df072bd75be_1580370484048_Screenshot%202020-01-30%20at%2010.47.51.png)
![](https://production-sanbase-images.s3.amazonaws.com/uploads/a1ae02976bade74f0517f1722c7499ee4ae4a4090afeef38b4368551c471c510_1580370629065_Screenshot%202020-01-30%20at%2010.50.18.png)
Yes.
The IOTA mainnet incident is behind the second spike.
Well it happens with blockchains from time to time.
Incident summary - https://blog.iota.org/incident-summary-mainnet-29-12-2019-db4c637289d3
Trying to measure the moods again:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/e28f3a9d79eba2af104c8803721a5107525bc490b2acda8be5cab1a9cb7c7e4b_1580371462836_Screenshot%202020-01-30%20at%2011.04.11.png)
Negative buzz this time. Clear negative.
No wonder price began it's way up.
Clear bottom sign.
The question is what's inside the community now?
Today and yesterday:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/d940cf10d77c5decc255aaf9bed5239e37cd9e8b966708e9c9c6ce65ef470bf3_1580372105558_Screenshot%202020-01-30%20at%2011.14.58.png)
Nothing negative.
Totally.
It's a large red flag.
Checking with Santiment Graphs: Social:
![](https://production-sanbase-images.s3.amazonaws.com/uploads/fd91152027ac415737ae9ef8563ba1825637f1cbed710d8ae4872f24d9b124e3_1580372808309_screenshot-graphs.santiment.net-2020.01.30-11_22_09.png)
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from Garry Kabankin!
Get 'early bird' alerts for new insights from this author
Conversations (0)