Top Social Gainers for Tuesday, May 21th, 2019

Here are Wednesday's biggest developing stories in crypto based on Santiment's data:

MATIC seems unstoppable.
Currently #1 in top gainers today, +79.8% in 24 hours.
Daily volume x5 higher than market cap.
What's driving it?

Sentiment-wize people are surprised with this powerful trend. Many exited and now feeling hard FOMO.

'17 survivor here I will not FOMO into matic Keeping calm and sticking to my btc accumulation plans Good luck moon bois

Many switched to FET.

Meanwhile dump expectations are getting weaker.

  • CELR (860+ mentions)

Celer is another post Binance IEO asset, riding the pump train: +37% in USD in 24 hours, still -22% from ATH.

No news related background for Celer, just social buzz:

  • Went all in with my gambling portfolio on MATIC, FET and CELR. I’m either a genius or an absolute dumbfuck
  • So is everybody done with Matic and switching over to Celr?
  • i'm in celr now... just watching matic's moves as it preceds celr's moves
  • Celr dead ?????

Perhaps there is some more fuel for CELR to ride while there are some doubts expressed.

Traders have been eagerly awaiting the SEC decision on the VanEck SolidX bitcoin ETF proposal—but they will have to go on waiting, with the SEC delaying again. The agency will have to reach a final decision by October 19, 2019.

This is not the first time ETF makes a buzz in crypto media.

Does it have any correlation with BTC price?

Here's the social volume of "ETF" last year:

Today's social interest around ETF is relatively small comparing to 2018.The biggest spike is recorded on 22 August 2018 and it's 5 times higher then today's.That was a day when SEC rejected Bitcoin ETF proposals from ProShares, Direxion and GraniteShares.Looks like price doesn't care. Some quotations from social channels:

  • how many thousand years did it take gold to get an etf?
  • lol no1 cares about the ETF
  • ETF rejections/delays doesn't affect price anymore. Approval will.
  • lol you guys realize a bitcoin etf already is a thing..... ticker GBTC
FET will be approved. Oh, ETF. Who cares.
  • FET (530+ mentions)

FET did +47% in USD on Monday.

Moods are not much different then yesterday.

One onchain data FET chart looks interesting, it's Average Token Age Consumed that shows the average number of days that the tokens were idle before being moved on a certain date.

Onchain event behind this: someone moved 346K FET to Binance.

Is it coincidence that it spiked exactly at the bottom on May 10th?

As always, head over to our Social Trends page for the latest updates.

Thanks for reading!

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