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TRX Among Top 5 Most Popular Currencies on Twitter: Research

  • Alex Morris
    📊‍ Infographics

    These top 15 coins make Twitter users tick, and some of the entries will certainly surprise you


TRX Among Top 5 Most Popular Currencies on Twitter: Research
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DataLight, a startup that analyzes all kinds of crypto-oriented data, has recently focused on the Twitter activity of the main coins. The biggest players remain in the lead – TRX, MCO, and BNB performed surprisingly better than other altcoins.   

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No changes on the pedestal

As of Jan. 16, BTC is still at the top of its game with 67,998 likes and 16,788 retweets. For comparison, XRP, Bitcoin’s closest competitor, only managed to score 39,199 likes and 9,270 retweets. ETH trumps XRP by the number of tweets (22,617 vs. 13,697), but it lags behind when it comes to likes and retweets.

Unexpected frontrunners

While the top 3 were absolutely predictable, TRX unexpectedly takes fourth place despite only being the ninth biggest coin by market capitalization. Tron’s semi-triumph shouldn’t come as a surprise to anyone who knows how engaged their Twitter community is. Meanwhile, Bitcoin Cash (BCH) and EOS (EOS) only occupy ninth and 15th places respectively when it comes to Twitter reacts.


the top

 

MCO, however, has become the ultimate dark horse on this list – the 91st coin by market capitalization takes seventh place by Twitter activity. Was it just a flash in the pan? Stay tuned for more updates from DataLight!  

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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