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Tron Is Picking Up Steam on Twitter: Research

  • Alex Morris
    📊‍ Infographics

    Tron’s Twitter hype is growing exponentially, and Justin Sun’s aggressive marketing campaign might be the main catalyst for the growth


Tron Is Picking Up Steam on Twitter: Research
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According to recent data published by cryptocurrency-oriented research platform DataLight, the number of TRX Twitter mentions reached a brand-new peak on Jan. 9. Tron has been on a roll recently with a slew of announcements that were also spiced up by some controversies.     

A new peak

DataLight has been tracking Tron Twitter mentions since Jun. 25, 2018. Jan. 9 turned out to be historic for the community given that Tron managed to accumulate a whopping 52,722 mentions. The previous record, which has been recently shattered, was set on Dec. 24 with 46,523 mentions. As U.Today reported earlier, that was also the day when the network hit an important milestone: 1 mln user addresses.  

Is there a pattern?  

There is a rather distinguishable pattern – the peak of Twitter activity corresponds to a huge influx of new addresses. For instance, the Tron network recorded 41,133 new addresses on Dec. 24 (the highest number since the beginning of the tracking period). Subsequently, it coincided with the peak of Twitter activity. Tron’s current Twitter hype peak was followed by 29,413 addresses that joined the network the day before.    


Tron’s ruling the roost

Tron CEO Justin Sun is one of the most active crypto personalities on Twitter with more than 734,000 followers. While critics call his style ‘Trumpian’, he keeps celebrating every milestone, possibly contributing to the project’s success. Tron (TRX) is currently sitting at 9th place on CMC, having recently surpassed Bitcoin Cash offshoot Bitcoin SV.
 

Cover image via u.today
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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

Cover image via u.today
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