Altcoin Roundup: Data show that social metrics are rising ahead of DeFi and NFT price rallies
The common saying in the investing world is, “Trend is your friend,” which is a phrase that indicates that it will produce positive results while maintaining the prevailing market trend of the majority.
Some of the common metrics used to identify market trends include: technical analysis by looking at price charts to identify opportunities; basic analysis, analysis of economic and technological factors underlying a project; and social media metrics that help an investor hear the pulse of what is aimed at the general public.
interest over time. Source: Google (NASDAQ 🙂 Trends 1 day chart. Source: TradingView100 DeFi best token market capitalization. Source: CoinGeckoDeFi search interests over time. Source: Google TrendsTHETA / USDT vs. AXS / USDT vs. EJN / USDT vs. CHZ / USDT vs. MANA / USDT one day chart. Source: TradingViewNFT search interest over time. Source: Google TrendsSearch for interest in DeFi (blue) and search for interest in NFT (red). Source: Google TrendsMATIC price vs. the volume of tweets. Source: TheTIEInterest in finding polygons over time. Source: Google Trends
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