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You can find the Social trends snapshot for 24th Jan 2019 here:
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Looking at the top performers on our list over the last couple days, you’d think the entire crypto crowd is on an epic pastry binge. Sadly, not the case - although the actual drama is still quite juicy.
Following yesterday’s announcement that you can now trade donuts (r/ethtrader karma) for ETH/DAI, the subreddit went on a short sugar-induced hype before crashing down hard, after realizing what this might mean for the subreddit’s governance:
“If Donuts are for sale, then we have no better signalling in here than an ETH coin vote” said u/HodlDwon: “I am all in favour of donating, but the transfer of Donuts in any capacity regrettably allows for the sale of donuts. This means EthTrader polls become game-able.”
And so the great Donut war of 2019 began.
Concerns grew larger about future Sybil attacks, and even Vitalik himself stopped by to share some words of caution:
Dozens of goverance polls flooded the subreddit since, followed by polls to ban all governance polls. The whole thing’s getting increasingly meta.
For those entirely indifferent to this whole donut business, u/DCinvestor does at least make a valid point:
You can keep up with the discussion over at the /r/ethtrader subreddit.
- Etf/Withdrawn/Cboe/Vaneck (+ bullish)
Earlier today, Cboe Global Markets Inc. officially withdrew its application to list the first Bitcoin ETF (exchange-traded fund), blaming the U.S. government shutdown for their decision:
“Cboe’s decision to withdraw its filing with the SEC to list and trade shares of the VanEck SolidX Bitcoin Trust is a function of timing related to the U.S. government shutdown as the end of the review period approaches”
According to an email statement, Cboe does plan to resubmit the filing at a later date, so the withdrawal looks to be more of a precautionary measure than a serious bearish indicator. At least that’s what the crypto crowd is going with:
The BTC price did dip slightly following the announcement, tho not by much compared to most of the week’s action. Here’s a great overview of the news’ impact on BTC created by @petersik:
The lethargic price movement was welcomed by some as an additional sign for optimism:
Appearing on our list for a third day in a row, Lun’s bull run seems to be on its last leg.
At the time of our yesterday’s breakdown, the coin was up 22.52% for the day, and a mouthwatering 92.8% for the week. The last 24 hours have proven to be less kind to Lunyr, with choppy price action and a few significantly lower highs.
At the time of ‘print’, Lun was down 12.53% for the past 24hrs. Here’s a snippet of the crowd sentiment just before the bear took over:
Just as Lun started to head back south yesterday, Waves decided to break out and claim most of the bullish chatter for the day.
The coin leapt 24.33% in about 5 hours, making it one of yesterday’s top performers in the top 100. It’s met some sturdy resistance since, and is currently down 4.85% for the day.
The run might have been propelled at least in part by several ‘bullish’ announcements yesterday, including updates to the Waves client and the launch of a new, smart contract-powered game on the Waves platform.
Another breakout story, as RVN hit a 2 week-high $0.0147 before correcting down. Down 2.21% for the day as of this writing.
As always, visit SANbase to explore these and other trends in more detail!