Sometimes this info is just a simple mistake, and other times it’s part of a more extensive miss-information campaign. Social media is always packed with inaccurate information. The advanced ranking and machine learning integrated into the network helps investors distinguish accurate information from fake or spam posts. This approach makes it easier to gauge if users are overall bullish or bearish on a coin. These scores then feed more extensive metrics such as the platform’s Galaxy Score. This way, it gathers information, which it organizes depending on its importance and popularity. To accomplish this task, LunarCRUSH employs advanced crypto-specific machine learning algorithms. LunarCRUSH provides a solution to these problems. Sadly, the entire promotion was a ruse as Bitconnect turned out to be nothing more than a glorified Ponzi scheme which led many investors to lose their bags in the hype. The company went to great extents to portray a positive picture via its significant social media presence. In the past, projects such as Bitconnect have organized very active and targeted social media campaigns. The problem with an echo chamber is that it is impossible to gain an accurate market overview of a project because all the information you receive is based on your personal network. If the people you follow share the same views, an echo chamber scenario can happen very quickly. This situation occurs due to the way social media works.
Roo's All-In Giveaway, $300,000 in Prizes!Ī social media echo chamber is a term that describes when a user receives only information that fits their narrative. Until recently, there was no way to tell if this social media hype was network-wide or simply the result of an echo chamber.
Have you ever scrolled through your timeline and seen a mention of a new crypto project? The rise of DeFi ( decentralized finance ) and the NFT ( non-fungible token ) markets have flooded the market with new and exciting projects. The network’s unique monitoring capabilities allow users to measure the impact of social media on a particular cryptocurrency. For one, they save countless hours that could have gone on combing social media networks searching for mentions. There are a variety of different problems that LunarCRUSH users can avoid. These links span over 200 million social media posts and across +2,000 supported cryptocurrencies. Today, LunarCRUSH monitors over 30,000 links collected daily. As such, the network has expanded its efforts. LunarCRUSH continues to see growing popularity in the sector. The system simplifies the process through the introduction of a proprietary scoring system and more. The platform enables users to gauge previously tricky metrics such as public sentiment towards a project. Not only that, you can view all coins’ metrics and social trends, but you will also track your portfolio, Add your holdings, and view them in detailed charts.LunarCRUSH operates as a social media analytics and aggregated research tool.
Correlation Score: a measure of the strength of the correlation between LunarCrush’s data and coin prices over time.LunarCrush AltRank: Designed to access a cryptocurrency’s community and traction and compare that across the entire cryptocurrency marketplace.LunarCrush Galaxy Score: a proprietary score constantly measuring a cryptocurrency against itself concerning the community metrics pulled in from across the web.In addition to the different metrics that LunarCrush has, it also has unique metrics to open more doors for better trading decisions.
Furthermore, You can swap coins, exit, or enter positions based on the knowledge you’ve gained from reading and viewing metrics. Metrics are the key to tell how a coin is performing. Viewing the metrics of a coin gives better looks and predictions for future prices.
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