Study: for Ripple is characterized by the excessive hype on Twitter

Analysts TIE The came to the conclusion that the token XRP from Ripple stands out among other highly liquid scriptaction excessive hype in the social network Twitter.

«We looked around some of the largest and smallest coins of hype on Twitter. In other words, what coins are most susceptible to manipulation, which most of twitt from bot accounts, and which are characterized by an overly exaggerated activity.»

For this, The TIE created the metric «Ratio of hype to activity». It represents the number of tweets per $1 million trading volume of a particular coin. It was found that among studied 450 scriptaction $1 million in volume on average 1 tweet.

The researchers came to the conclusion that the least susceptible to hype in Twitter stablon Tether and scriptactive EOS, Ethereum Classic, Cosmos and NEO.

«Tether is stablein, widely used in cryptotrading. Therefore, it is logical that coins a relatively small amount of discussion, given its trading volume», — analysts explain.

On the other hand, note in The TIE, some coins, «an astronomical number of tweets» in relation to trading activity. To such assets experts attributed TokenPay, Electroneum, Dragonchain, Telcoin and DigiByte.

«For comparison, the ratio of hype to activity in TokenPay 33 000 000% higher than the Tether»

In General, the experts came to the conclusion that the largest cryptocurrency the most healthy relationship of hype to activity:

However, against the background of bitcoin, Ethereum, Bitcoin and Litecoin much Cash is allocated a third of the capitalization of scriptactive XRP. On the other hand, the offspring of Ripple is not as bloated figure of a hype compared to other, less liquid digital assets.

The researchers said that often surrounded by the hype of scriptaction a huge number of Twitter followers, which projects to buy to create the illusion of mass involvement. For example, the project Electroneum (102nd place in the ranking CoinMarketCap) 127 thousand Twitter followers, and an extremely popular exchange BitMEX only 65 thousand.

Experts The TIE did not forget to mention the founder of TRON and Twitter frequenter Justin San, which, for example, 6 million Facebook likes. Thus for the largest American company Coinbase with 30 million users following in that social network only 187 thousand people.

The researchers came to the conclusion that cryptonote is still the «Wild West.» Many projects have resorted to manipulative practices that mislead many inexperienced market participants.

«Although this metric is imperfect and we think it is a good tool for mass detection «white crow», — concluded the researchers The TIE attached to the tweet Google spreadsheet with a list of assets with the highest level of hype.

Earlier in The TIE came to the conclusion that 87% of the total trading volume for the 100 trading platforms does not inspire confidence.

Also we will remind, recently the legendary trader Peter Brandt accused the Ripple in the manipulation of the market and expressed the opinion that the price of XRP will soon fall by about 20%.


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