Past Dogecoin: The 5 hottest cryptos on Twitter this past Month

Elon Musk doesn’t have a monopoly on Twitter chatter, as such five cryptocurrency flavors-of-the-month proved in May.
In the realm of digital resources, Crypto Twitter is a significant seat of power. Memecoins and acute large-cap assets equally may see their value rise or fall based on whether the whimsical Twitter audience makes the decision to pay attention.  Huge rallies and striking declines frequently cause waves of Fear, Uncertainty and Doubt (FUD) or Fear of Missing Out (FOMO) about the platform, capable of massively amplifying the rotational cost dynamics.Granted, it might be convenient if gains in Twitter volume constantly spelled cost hikes — yet, as the data reveal, this relationship is way, way more complex than that.Tweet volume is one of the ingredients of a proprietary formula powering the VORTECS™ score, even a machine learning algorithm that contrasts historical and present market conditions about digital resources to assist crypto traders’ decision making. The design considers a host of different indicators — market outlook, cost movement, societal sentiment, trading activity — to arrive in a score that assesses if the current conditions are bullish, neutral, or bearish for any given coin.This week, and we follow five electronic resources who made the biggest strides in terms of Twitter activity this month. All five added hundreds of percentage of tweets in comparison to the previous month’s average — however actionable were these dynamics for traders?Here’s how the VORTECS™ Score could give investors a few hints.Telcoin (TEL): +300% Twitter volumeBetween May 2 and 5, as Telcoin (TEL) was bracing for a enormous cost leap that would take it out below $0.01 to over $0.05 within ten days, two significant spikes in tweets tagging TEL occurred. While the coin would usually acquire a few hundred mentions a day, both of these peaks each saw more than 3,000. Coupled with other factors, this pattern was known as favorable from the VORTECS™ model, which divides out an extremely higher rating of 91 (red circle in the chart ). A huge price run followed less than a day later. Additional tweet volume spikes this month followed cost surges rather than simply cancelled them.Overall, in the past 30 days, Telcoin delivered 189% vs. USD and 345% vs. Bitcoin.Polygon (MATIC): +240% Twitter volumeTwitter activity around MATIC and its own cost action entered a virtuous circle in May, with every leg of the cost rally triggering a spike in chatter which, in turn, preceded a further round of the token’s recognition. Obviously, there was more to Polygon’s outstanding month, even having a slew of positive real world developments and trading activity spikes, but tweet volume seemed to be an important feature of every VORTECS™ score summit (red circles in the graph ). MATIC’s annual gains: 125% vs. USD and 248% vs. BTC.iExec (RLC): +711% Twitter volumeiExec (RLC) emerged as the biggest winner in terms of added tweet volume that month, however its cost growth has been modest: 60% against USD and 148% from Bitcoin.In RLC’s case, as the graphs attest, spikes in log-in volume were largely responsive and only followed cost action. The coin’s VORTECS™ score was largely neutral ahead of the rally that began around May 9, suggesting that the combination of market conditions beyond it hasn’t been regularly observed before.Solana (SOL): +525% Twitter volumeSolana (SOL) found its average tweet volume growth more than four times in comparison to the previous month, yet almost all corresponding cost gains obtained wiped out by the end of May: -31.48% from USD and +6.06% from Bitcoin.Tweet volume largely lagged behind the purchase price movement, with one notable exception: A outsized jump from 5,000 to 20,000 tweets on May 17 that contributed to an 80+ VORTECS™ score and arrived some 36 hours prior to the coin reached its own all-time large near $58 (red circles in both graphs ).Ethereum Vintage (ETC): +321% Twitter volumeWhile the reasons behind Ethereum Classic abruptly plummet from $40 to $160 in the first week of May stay a mystery, we could be fairly certain that an explosion in the volume of Twitter dialog wasn’t one of these: Each of the added tweets came in response to the cost rally. Even the VORTECS™ algorithm hadn’t felt a favorable outlook, either, as the score mostly remained in the zone. ETC ended the month using +67.36% vs. USD +158.85% vs. Bitcoin.An uptick in Twitter activity around a digital asset can mean many different things, based on the configuration of additional important market and societal indicators. The VORTECS™ score, entirely accessible to Cointelegraph Markets Professional associates, may contextualize tweet volume within a constellation of additional market-moving metrics.For people who would rather leverage raw data, the absolute number of tweets and present average tweet volume are easily accessible as different metrics on the market intelligence platform.Cointelegraph Markets Pro is available exclusively for members on a monthly basis at $99 a month, or annually along with two free weeks comprised. It includes a 14-day money-back plan, to ensure that it fits the crypto investing and trading research needs of subscribers, and members may offset anytime.Cointelegraph is a publisher of financial information, not an investment advisor. We do not offer personalized or individualized investment advice. Cryptocurrencies are volatile investments and take considerable risk including the possibility of permanent and complete loss. Past performance isn’t indicative of future results. Figures and graphs are right at the time of writing or as otherwise specified. Live-tested plans aren’t recommendations. Complete terms and conditions.

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