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Data Shows Social Metrics Rise Ahead Of DeFi And NFT Price Hikes By Cointelegraph

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Data Shows Social Metrics Rise Ahead Of DeFi And NFT Price Hikes By Cointelegraph
Altcoin roundup: data shows rise in social metrics ahead of DeFi and NFT price increases

A common saying in the world of News Block is “The trend is your friend”, a phrase that points to the idea that most of the time, sticking to the prevailing market trend will produce positive results.

Some of the common metrics used to identify market trends include: technical analysis, which involves study price charts to spot opportunities; fundamental analysis, which involves looking at the underlying economic and technological factors of a project; and social media metrics, which help an investor hear the pulse of what the general public is focusing on.

interest over time. Fountain: Google Trends (NASDAQ 🙂
1 day chart. Fountain: TradingView
Total market capitalization of the top 100 DeFi tokens. Fountain: CoinGecko
DeFi search interest over time. Fountain: Google Trends
THETA / USDT vs. AXS / USDT vs. EJN / USDT vs. CHZ / USDT vs. MANA / USDT 1-day chart. Fountain: TradingView
NFT search interest over time. Fountain: Google Trends
Search interest in DeFi (blue) versus search interest in NFT (red). Fountain: Google Trends
Price of MATIC versus the volume of tweets. Fountain: Tie
Search interest of polygons over time. Fountain: Google Trends