Ripple up more than 100% since a spike in social media mentions,
Electroneum up more than 100% since a sentiment signal from real-time analytics,
Nano up more than 50% since surge in social media mentions on 11th September,
RChain up more than 50% since surge in social media mentions on 9th September.
Cryptocurrency prices are driven like many other prices by supply and demand. But how can one gauge the level of demand at a particular time you may ask. Simple, one method is to simply look at the interest a particular currency is generating in social media and in news. This is what we are specialising at BittsAnalytics. We track millions of social media posts each day and calculating social media buzz for cryptocurrencies in real-time. For a case study of applying cryptocurrency social media mentions analysis to cryptocurrencies, please read an example blog post about application to Ripple: Ripple up more than 100% since a spike in social media mentions.
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BittsAnalytics is an innovative data and analytics platform for stocks and cryptocurrencies built by a team of quants at company Alpha Quantum.