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Twitter Followers This Week: LEDU in Lead; Tron, Binance, and Bitcoin ABC with Promising Figures

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  • Alexander Goborov
    🤷 Opinions

    Despite a complex situation in the market, Twitter accounts are alive with new followers: here we look at the figures of the past seven days

Twitter Followers This Week: LEDU in Lead; Tron, Binance, and Bitcoin ABC with Promising Figures
Cover image via u.today

Twitter is often considered to be a fair indicator of how well a company is doing. So, with a bit of help from our partners, we’ve decided to bring you the latest stats on new Twitter followers from the past seven days, between today and last Thursday. The figures are as follows:

Twitter

Bitcoin Cash ABC (BCH) has close to 2500 new Twitter followers this week. Roger Ver must be doing something right despite the recent fork’s tribulations.

Binance Coin (BNB), the crypto coin belonging to the world's largest crypto-exchange, has around 2650 new followers this week.

Tron (TRX) led by Justin Sun, known for his philanthropy among other things, has around 2750 new Twitter followers.

KuCoin Shares (KCS), a less known crypto-exchange platform compared to Binance, established in the fall of last year, has an impressive figure of around 3800 new Twitter followers.

And finally, Education Ecosystem (LEDU), a platform of online learning with its own token, headquartered in San Francisco, has close to 6000 new followers on Twitter, 5823 to be precise, making them this week’s leaders. According to the founders, the company is in the process of “building the world's biggest project-based learning library on any topic”, so good on them.

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About the author

Alexander Goborov (MSc) is U.Today’s chief editor of analytics. Before joining our publication, he worked in research and education, and, briefly, as an academic ghostwriter.

His articles range from scientific to creative, among them those that came out in Journal of Language Learning, St Petersburg Times, and Kommersant.

At U.Today, he and his team specialize in the economic analysis of the Blockchain market, infographics, as well as interviews.

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Bitcoin’s Domination May Rise According to One Analyst

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  • Vladislav Sopov
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    Famous analyst PlanB published an interesting chart showing the four stages of Bitcoin’s market dominance. It appears that he predicts hard times for the altcoins!

Bitcoin’s Domination May Rise According to One Analyst
Cover image via u.today
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With the last days of 2019 right around the corner, analysts and traders are getting the audience pumped for 2020 forecasts. The third Bitcoin (BTC) halving and Ethereum's probable migration towards its Proof-of-Stake (PoS) consensus will be hot topics for the crypto community. Prominent trader PlanB decided to surf this wave by showing BTC's dominating traction.

Four Stages for Dominance

In the historical chart, PlanB has revealed one of the most important indicators of the crypto world - Bitcoin's market capitalization. This indicator shows the ratio of BTC's market capitalization to the capitalization of all other cryptocurrencies tracked publicly by the available services (4000+ coins). This is used as a sign of comparative demand for altcoins and BTC.

Bitcoin Dominance Historical Chart
Image by: https://twitter.com/100trillionUSD/status/1203012308513017856

Plan B showed the four stages of BTC's dominance, in which the graph is slipped vertically (bottom line indicates 100% BTC market dominance). The first stage, which lasted before April 2017, showed that BTC's dominance was more than 90%. The second stage (April-September 2017) showed that the figures were between 70% and 90%.

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The third and the fourth stages repeated twice from September 2017 to the present day. In the early days of 2018, the indicator was at an all-times-low of 35%. Now, the graph is about to re-enter BTC's second stage with a 70+% dominance.

Altcoin Annihilation?

PlanB surrounded his picture with the ironic hashtag #altcoinannililation. Therefore, PlanB interpreted this traction as bad sign for the altcoins. It should also be said that some of commentators in PlanB's open thread suggest that the four-stage cycle was launched by the previous BTC halving of July 9, 2016.

Furthermore, we can see that BTC's high price correlates with its low market dominance. With that said, the publication by PlanB forecasts an extremely bearish start for 2020.

Recently, BTC advocate Tuur Demeester claimed that the price of BTC will drop one more time to $5,000. This level will be reached due to the capitulation of "weak" investors prior to the long bull rally.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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