{"id":529327,"date":"2023-05-01T12:07:03","date_gmt":"2023-05-01T12:07:03","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=529327"},"modified":"2024-06-11T08:11:48","modified_gmt":"2024-06-11T08:11:48","slug":"internet-computer-icp-social-dominance-hits-top-in","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/internet-computer-icp-social-dominance-hits-top-in\/","title":{"rendered":"Internet Computer (ICP) Social Dominance Hits 23-Month High, Top In?"},"content":{"rendered":"
Data shows the Internet Computer (ICP) social dominance has hit a 23-month high, a sign that a local top may be here for the cryptocurrency.<\/p>\n
According to data from the on-chain analytics firm Santiment<\/a>, a large number of investors are talking about ICP following its recent bullish momentum. A relevant indicator here is the “social volume<\/a>,” which measures the total number of social media text documents that contain mentions of a given asset.<\/p>\n The text documents here refer to a collection of data assembled by Santiment that includes posts and messages from social media websites like Reddit, Telegram, and Twitter.<\/p>\n This indicator only gauges the unique mentions of the asset in question, meaning that even if a forum post includes the term several times, its contribution towards the social volume still remains one unit.<\/p>\n Now, “social dominance<\/a>” is a metric that compares the social volume of the given cryptocurrency with that of the top 100 assets (by market cap) combined. Here, the coin of interest is Internet Computer, so what this metric tells is how much of the discussion on the Internet related to cryptocurrencies, in general, includes the topic of ICP.<\/p>\n Here is a chart that shows the trend in the ICP social dominance over the last year:<\/p>\n <\/p>\n As shown in the above graph, the Internet Computer social dominance has observed a very sharp spike recently as the price of the asset has shown some bullish momentum.<\/p>\n This latest uptrend in the asset’s value has been quite extraordinary when compared to the rest of the market, as most of the cryptocurrencies have only shown a flat movement or a decline in the same period.<\/p>\nLooks like the value of the metric has been pretty high in recent days | Source: Santiment on Twitter<\/a><\/pre>\n