Top Social Gainers for Thursday, May 2nd, 2019
Here are Thursday's biggest developing stories in crypto based on Santiment's data:
gold (291 mentions)
Cryptocurrency investing firm Grayscale recently launched a Buy Bitcoin campaign with a compelling narrative for any investors having gold in their portfolio to drop it and make the jump to Bitcoin instead.
Needless to say, this didn't sit well at all with the gold bugs. The World Gold Council followed up with a blog post saying that "Cryptocurrencies are no replacement for gold".
Meanwhile, r/bitcoin is soaking in the #dropgold campaign. The post has since gathered 1.3k upvotes and over 180 comments.
Topics addressed in the post are mainly around:
- IRA & Bitcoin
- Grayscale's premium on GBTC
- Gold co-existing with Bitcoin, as a hedge.
rex/eos (347 mentions)
REX, a resource exchange pool is now live on EOS. This allows EOS token holders to lend their CPU/NET resources and in return, earn some EOS.
In doing so, developers now have a place for cheap CPU/NET resources to meet their needs.
REX has its own token and is merely used as a unit of account for users to Lend/Unlend EOS to the REX pool. It is not tradable outside of REX.
You can learn more about REX here.
While this brings an important use-case for EOS, not many are convinced by it. The interest rates at the moment are not attractive enough for EOS holders to lend their EOS.
There are a few repeating keywords like Atom/Cosmos, Tether, you can read more about them in the previous insight here.
As always, head over to our Social Trends page for the latest updates.