5th Feb 2019 - Top Social Gainers snapshot

social-trends

#1

Hi there SANclan !

You can find the Top Social Gainers snapshot for 5th Feb 2019 here:

(FYI, you can always check the top trending words on SANbase . For the latest, up-to-date trends, staking 1000 SANs is required)

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BitTorent is once again the talk of the town, with most of our words being related to the recent BTT price action.

So we thought we’d break down the short but eventful history of the BTT coin, as told by its multiple appearances on our top 10 list over the last few weeks:

  • Jan 22nd

This was BTT’s first time on our list, couple of days after the company finally announced a timeline for its much-anticipated BTT airdrop to TRX holders. We could tell the crowd was already starting to feel giddy about the upcoming coin offering:

  • Jan 27th

A day before the BitTorrent ICO, mentions of BTT, TRX and BNB flooded our top 10 list. The ICO was officially the biggest story in crypto, and BTT enthusiasts rushed to Binance Launchpad to participate.

  • Jan 28th

As expected, BTT remained high on our list during and immediately after its ICO. In the end, 59.4 billion BTT tokens were sold in under 15 minutes, worth $7,128,000. Who said ICOs were dead?

  • Jan 29th - Feb 5th

Since then, the BitTorrent coin has meandered through our list each and every day - sometimes it was #1, sometimes it was near the bottom, but it was always present. In other words, the crypto community has yet to stop talking about the coin.

And it’s hardly surprising. BTT has maintained a resolute upward trend ever since its ICO and has at one point today recoded gains of 870% over the last week. Those are late 2017/2018 numbers.

For what it’s worth, the coin did finally dip slightly earlier today, shrinking from 0.00124$ to 0.00093$, before heading north once again. Even with that, the BTT is still up a whole 21.8% for the day - and is once again the top word on our daily list.

Still, the question remains - how sustainable is this run? What happens when the crypto crowd (inevitably) moves on to the next big story?

I guess we’ll find out soon enough.


#2

Love him, hate him or think nothing of him, but shillmaster Justin Sun knows his base about as well as Trump does. With this level of topic trending and conversation domination it seems as though TRX/BTT is giving the XRP army a run for their (digital) money.


Also, given this increase in valuation is based solely on speculation, I am reminded of the kind of hype ico’s once brought to the market. In which case this leads me further to believe that overall there is still more red to come. For this type of speculative buying is not evocative of bear market price action. All that aside, much like XRP the other day, could this social action finally indicate a local top for btt or does Justin have more market(ing) manipulation up his sleeve to keep the buyers buying…?


#3

One quick side note regarding what I mentioned yesterday about QuadrigaCX:


Now this is finally beginning to sound like the kind of story I’ve come to expect from this asset class lol. And while it remains to be seen if this is an exit scam or not, or if the actual loss was $250 Million or less, it is still clearly a topic that needs addressed.


#4

I came also across the fact that the co-founder used a false name and was formerly convicted of fraud:

https://vaaju.com/quadrigacx-co-founder-used-a-false-name-formerly-convicted-of-fraud/


#5

hmmm, a lot of the initially reported claims seem to raise suspicion it seems. After reading what you posted I decided to take a look at similarweb and owler to see what kind of additional information is publicly available.


At first glance I have to say that the ‘Avg. Visit Duration’ appears pretty low for an exchange that claims to have held hundreds of millions in btc.

Then additionally, the ‘Estimated Annual Revenue’ along with the ‘Estimated Employees’ figure doesn’t scream major exchange to me either. But the ‘CEO Approval Rating’ actually does appear accurate, as in nonexistent. Altogether I am finding the unfolding story rather entertaining, still I stand behind my initial statement that it shines a much needed light on issues that need addressed. A new one being the level of potential scam creativity. :laughing: