Social Metrics Have Arrived: The Crypto Community Is Talking About These Coins!

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Measuring social behavior metrics LunarCrushhis new post on the cryptocurrency market made. Here are the details that the platform draws attention to.

LunarCrush shared the winners of the list, drawing attention to the importance of social metrics in cryptocurrencies. According to the platform, the rate of social interaction played a critical role in determining the value of the crypto asset.

The report, which came in these days when the complexity of the bear market increased, attracted the attention of the followers. Unlike traditional stock markets, the cryptocurrency market is decentralized. Therefore, the core values ​​guided by the participants find direct correspondence in the price.

Based on this index, LunarCrush offers crypto users the following as ranked on their platform: cryptocurrency recommended that they adopt and invest in their units; BTC, ETH, LEFT, AXS and BNB.

This metric, which measures the social activity of the community specific to the crypto-asset, is also frequently used to predict the trajectory of the asset.

Data from the LunarCrush website shows that it shares more than 1.7 million posts per day from its community of over 2.6 million users. More than 118,000 views are gathered from these posts and are currently used to track 4,054 coins listed on the platform. This data is brought together using an algorithm and the final result is shared with the followers.

The cryptocurrency market, which has been on a downward trend since the second half of 2021, did not act in accordance with traditional technical metrics. Investors got bored with this unsuccessful picture, so they searched for different metrics that fit the spirit of the market. The social engagement metric shared by LunarCrush was also one of the most striking in this search.


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