Top Social Gainers for Friday, June 14th, 2019
Here are Friday's biggest developing stories in crypto based on Santiment's social media data:
Link/Chainlink/Google/Partnership (5222+ mentions in last 48 hours):
On Thursday, Chainlink tweeted out a post by Google's Allen Day mentioning the use of Ethereum and Chainlink to build hybrid blockchain/cloud applications with Google cloud.
Some of the crowd's reaction
- ChainLink next Eth
- Chainlink has proven to be the defacto decentralized oracle solution. You can expect pretty much everyone who wants to connect smart contracts to the real world, to make use of chainlink.
- Chainlink and google 🥰😍 can we all say mass adoption
- Chainlink gonna be $2 easy, whales sold it down to buy up cheap now they off of it
While most are excited about the pump and Google mentioning Chainlink, several people have pointed out the irrational FOMO around this and comparing it to nothing more than spinning up a node on Microsoft's Azure. People that were around in Crypto since 2015 would be most familiar with the Microsoft Azure announcement pumps.
Twitter user ReadySetCrypto sums it up best:
Read, don't FOMO. It's not a partnership, even if it is cool. It’s from a developer advocate at Google (a position which is basically just marketing to developers), saying anyone running a Chainlink node can integrate BigQuery (a Google service).
The whole point of the post is to get future Chainlink node users to use more of their existing Google services. Nothing that actually says Google is integrating or will be integrating anything for Chainlink specifically at all. This isn't FUD, just making sure you understand
Onchain wise, we have observed largest spikes in the last one year for:
- Daily Active Addresses (DAA) - 1,680+
- Network growth - 676
Interestingly, while there were a decent amount of people making deposits (14.62% of DAA) into exchanges, the majority of Daily Active Addresses were withdrawing from exchanges (58%). This could mean the crowd actually did FOMO in with intent to HODL for the longer term.
On the social side, mentions of Chainlink or LINK are now at a ATH with the pump. If social volume and daily active addresses continue to fall over the next few days, it's usually indicates a local top in price as LINK finds a support level until the next speculative catalyst.
Now that mainnet is out and Google mention has been used. What's next? Perhaps the following might be possible catalysts:
- Surprise mentions by other big names (e.g Microsoft, IBM, Banks, etc)
- Coinbase listing
- Increased network usage/adoption beyond speculative aspect
That being said, Chainlink continues to be a strong project focused on solving a key problem in the space with a nice uptake in partners and a strong ever growing community (Linkies) that might even rival the XRP army. Perhaps it might just hold its ground even without the catalysts in the short term.
In Sergey we Trust.
Mth (540+ mentions in last 24 hours):
MTH saw over 185% gains overnight going from 312 sats to a local high of 890 sats on Binance with no apparent surprise announcements or news around Monetha.
This left many baffled as to what might have caused the pump. Most are attributing it to yet another Pump & Dump attempt to attract unwitting investors. Below are some of the crowd's reaction:
- What are the news with MTH?!!!
- No one knows why mth pump
- what up with MTH.. buy wall is crazy
Given that the pump is almost retracing back to what it first started, it seems likely it's a P&D. As for which group was responsible... remains unknown atm.
Celr (431+ mentions in last 48 hours):
Celer Network announced on Friday that their alpha mainnet will be released on 8th July 2019.
This comes as a much needed announcement as the price of Celr continues to tumble. Usually a mainnet release gives something for the crowd to look forward to and anticipate a price rise leading to the mainnet release.
Below are some of the crowd's reactions:
- CELR 3 big news announced Mainnet + partnership with chainlink + Google partnership coming And strong TA 5th wave starting soon to take CELR to 350 or 400 Satoshi Buy it or regret later Will Pump like MTH
- Buy CELR in deep buy it's mainet coming
- Celr pump mainnet soon
But hopes of a price rise from now till mainnet might face some challenges ahead given the recent Binance announcement of geofencing U.S citizens which will cut out a good % of Binance traders. U.S folks will not be able to trade or deposit come September. And given that Binance remains as Celr's most liquid exchange, this could turn any Celr U.S holders into sell pressure.
Bakkt (218+ mentions in last 24 hours):
Bakkt finally reveals the test date for their Bitcoin futures contract to be 22nd July 2019 as a nod to Apollo 11's 50th Anniversary. The sentiment around this news appears pretty positive and bullish for BTC as the crowd anticipates a large inflow of new $$$.
- bakkt news are pumping BTC?
- We just hit $8200, looks like the Bakkt news is moving the market.
- Bakkt will come to the moonnnnnn
- Bakkt is helping crypto in general
Although this recent reveal saw Bakkt's social volume pale in comparison to when they first announced they were going to test in July. Nonetheless, July will be an exciting month to watch and any news coming from Bakkt should see a much higher spike in social volume.
As always, head over to our Social Trends page for the latest updates.