Which project is strong? Tether unexpectedly turned out to be the least hype, far below Bitcoin

The TIE, a cryptocurrency analysis and data platform, recently investigated cryptocurrency speculation on Twitter. By comparing robot accounts and exaggerated user engagement, which tokens were manipulated the most? To compare, the researchers investigated the ratio of speculation to activity or the number of tweets per $1 million in transactions.

Let’s take a look at these “flowers and exhibitions” projects.

Among the 450 cryptocurrencies considered in the survey, the average activity of Twitter is 1.02 per $1 million. Therefore, any token below this value seems to be avoiding hype, not using hype as a marketing tool, and not really caring whether it is noticed.

ECBQiDbXsAUvuTg

The cryptocurrency that was hyped the least was Tether, which scored only 0.003. While this may be a bit of a surprise for some people because Tether suffers from disproportionate (mostly negative) hype, we must remember that it is widely used in cryptocurrency transactions – not to mention its daily Trading volume often exceeds $20 billion.

Other lower scores include EOS (0.008), Ethereum Classic (0.158), Cosmos (0.230), and NEO (0.231).

Very balanced cryptocurrency performer

A cryptocurrency that scores within a rough range of averages seems to be very confident about one's ability. There is no need to boast, they can focus on the work at hand.

Most of the top five tokens in the market capitalization fall into this category. Bitcoin was 1.72; Ethereum was slightly lower at 1.17; Bitcoin cash was 0.72, below average; Litecoin was at 1.08, in the middle.

ECBQjOmXUAMJFss

Those of you who are sharp-eyed may have noticed an obvious negligence. It is not surprising to find that Ripple (XRP) is inconsistent with the trend of high market capitalization. The XRP score is 4.07, which is impressive.

This value is actually higher when it comes to tags like the popular #XRPArmy and #XRPCommunity, with a rough estimate of 6.66. Is XRP the cryptocurrency of the beast?

Don't believe in the hype!

However, even XRP has become dwarfed by the over-expanded hype tools below. The top three hype currently include TokenPay (911.1 Tweets/$1 million), Electroneum (678.8) and Dragonchain (505.3). TokenPay's hype is 33 million higher than Tether, a number that is surprising.

ECBQidLWkAA9jsn

This level of “big hype” is revealed by tweets from a large number of robot accounts, false followers, and manipulated engagement. For example, Electroneum has 127,000 fans on Twitter, while the famous exchange BitMEX has only 65,000 fans.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Starting to decentralize the game platform: Is it a good day to break the monopoly?

On May 31 , Xiao Xiao invited the founding partner of Xingyao Capital, Liu Jiang, founder of Xingheng Education, Chen...

Blockchain

Comment: The exchange is open finance

Foreword: In the current encryption world, exchanges are the biggest catchers of value. Because of the user's de...

DeFi

LK Venture Research Report | Telegram vs Twitter Who will dominate the super application race in the Web3 era?

Original author LeoDengSummary X and Telegram are globally renowned social media platforms that are exploring in the ...

Blockchain

IMF urges Philippine central bank to collect crypto exchange transaction data and use data for macroeconomic analysis

According to Cointelegraph reported on January 2, the International Monetary Fund (IMF) urged the Philippine Central ...

Blockchain

Babbitt column | Case study: Exchange "downtime", does the holder lose any compensation?

Source of this article: Xiao Sa Author: Tan Hao Guo Xiao Sa The currency circle trading platform advertises that &quo...

Blockchain

The Stock Exchange technology drives the AAX Exchange to be officially launched, and the four dimensions define the new industry standards.

Lead: As a next-generation digital currency trading platform, AAX leverages LSEG's Millennium ExchangeTM engine ...