StockTwits Launches Alternative Data Set for Crypto

btc stock twits

Each contains the top ten by market cap (excluding stablecoins and some exchange-based tokens). In late 2021, StockTwits raised over $30 million in a funding round led by Sam Bankman Fried’s VC fund, Alameda Research Ventures. At the time, Ramnik Arora, Head of Product at FTX, noted that they hoped to collaborate on offering services that would make cryptocurrencies more accessible to traditional investors while expanding StockTwits’ reach and its number of users. StockTwits is a messaging platform designed for traders to share tips and ideas on specific securities or general stock market news. The big question is whether StockTwits can lure a growing number of crypto investors to its platform and whether these investors will choose to continue posting relevant messages via their network.

btc stock twits

The company is planning to launch U.S. equities trading by early next quarter, with trading in stock options, crypto derivatives and other asset classes lined up ahead. The Lending Index comprises cryptocurrencies and platforms where users can offer their cryptocurrency for liquidity or loans for a return. From the highest all-time market cap close of $2.834 Trillion, crypto is down -63.37%, versus -63.35% from last week. FTX has been an ever-growing phenomenon with a marketing and business expansion strategy that has paid off.

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You can follow your favourite people and companies, create watchlists and get alerts on the firms you follow. You can also link your account to your Twitter, Facebook and LinkedIn profiles. The Proof-Of-Work Index is a collection of cryptocurrencies that, you guessed it, are blockchains that use Proof-Of-Work as their primary consensus mechanism. Bitcoin is the most well-known and biggest Proof-Of-Work cryptocurrency. Now, with the new integration with FTX, more than 6 million StockTwits users will also be able to buy or sell the tokens they follow without leaving the social network.

  • The Smart Contracts Index includes cryptocurrencies whose blockchains allow for smart contracts.
  • Click to enlarge.This week was about as flat as the month of February was.
  • The same sources who broke the news of a deal say Stocktwits now holds a valuation of over $100 million.

The ability to quickly and effectively navigate StockTwits is one of its most popular features, and is widely acknowledged in the trading community. This is in contrast to much of the content on online trading forums that can tend to stray from actionable information to broader and more general discussions. StockTwits is essentially Twitter for traders, and anyone who is familiar with using Twitter will quickly get the hang of navigating StockTwits.

This points to the fact that the sentiment score is not strictly aligned with the price movement of the underlying asset. Interestingly, the Shiba Inu price has been showing quite robust performance in the same time period, gaining close to +10% in the past month, and over +46% in the past three months. The https://www.beaxy.com/ Shiba Inu sentiment score, a measure of the sentiment present in StockTwits conversations, has been treading on the “Slightly Bearish” side in the past couple of weeks. Crypto exchange FTX has secured a deal in which it will sponsor and rename a popular e-sports team, according to the New York Times.

Advanced Search Is Now on Stocktwits

Day Trading is a high risk activity and can result in the loss of your entire investment. We construct this index by limiting the assets in this space to a minimum market cap of $20 million. We construct this index by limiting the assets in this space to a minimum market cap of $10 million.

You can sign up for it to read in real time what finance professionals and amateur traders are doing in response to market conditions. You’ll find feeds from the most well-respected investing firms and media outlets. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Companies that are not affiliated with us may supply some of the content. The source of all, third-party Content, in which StockTwits, Inc. receives some sort of compensation, is clearly and prominently identified herein as “Sponsored by” or “Sponsored”. We have not been involved in the preparation, adoption or editing of third party content and we do not endorse or approve such content.

This seems quite unlikely due to the combination of a high market cap and an extremely large circulating supply of nearly 550 trillion SHIB. However, given the fact that Shibarium could greatly accelerate the SHIB burn rate, those price targets could become more feasible going forward. If this were to continue, Shiba Inu’s price could go up in the future. Some users on StockTwits are even wondering if the Shiba Inu coin could reach major price points like 50 cents or 1 dollar. However, there ADA btc stock twits has been a “Slightly High” change in the monthly period.

Cardano (ADA) Appears In Top Trending Crypto List, Surpassing BTC – NewsBTC

Cardano (ADA) Appears In Top Trending Crypto List, Surpassing BTC.

Posted: Mon, 30 Jan 2023 11:36:35 GMT [source]

All indices have been rebalanced – so you’ll notice a big difference in the RRGs compared to last week. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Since October 2021, FTX’s user base grew by 60%, and trading volume averaged $14 billion, according to figures shared by Sam Bankman-Fried himself to CNBC. According to two sources who spoke on condition of anonymity, the deal will an involve an initial investment by FTX of around $20 million with an option to buy Stocktwits outright.

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Cryptocurrencies such as Curve Finance, yearn.finance, and Clover are examples of assets that make up this index. Even as the broader stock market sank, shares loved by day traders on Reddit soared. This need to vet the information on Stocktwits before use is the major complaint that users of the platform have. Many traders would rather use more traditional sources of financial information that they feel is more reliable. StockTwits tracks user-weighted data for thousands of stocks and digital assets.

We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. The potential deal would continue the crypto exchange’s spree of high-profile sponsorships and investments. As we have written recently, there aren’t many firms that are providing institutional quality research coverage for the crypto currency markets.

Stocktwits Crypto Data Dive – Week 9

Stocktwits members use a cashtag — a dollar sign before a stock ticker — to share their stock tips or ideas related to a company. The social media firm then analyses posts and message volumes around the ticker to aggregate sentiment and list out the most touted stocks on its platform. If you like Crypto Twitter, you’re going to love StockTwits. Although it’s not a crypto-only ecosystem, users can set up a watchlist to exclusively view tickers that are interesting to them. When a user searches for a specific stock or cryptocurrency, StockTwits shows the price chart, volume, market sentiment, and most recent twits shared by the community. Stocktwits launched in 2008 as a platform for retail traders to discuss stocks.

Now, the social-media platform will enable trading in equities through its wholly owned subsidiary and registered broker-dealer ST Invest. The range of results in these three studies exemplify the challenge of determining btc stock twits a definitive success rate for day traders. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy.

Please enable JavaScript or switch to a supported browser to continue using twitter.com. You can see a list of supported browsers in our Help Center. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Ethereum and Cardano would be examples of cryptocurrencies that fall into this index.
  • All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns.
  • Although StockTwits’ new alternative cryptocurrency dataset has very little history, it is extremely unique as there are even fewer data providers in this space than there are institutional research providers.
  • As we have written recently, there aren’t many firms that are providing institutional quality research coverage for the crypto currency markets.

We’re seeing consistently high messaging volumes on the StockTwits Platform around these stocks – AMC finished as the number one most discussed in both 2022 and 2021,” Khanna said. To capture how fast and furious the action is and how extreme the price swings — and the trash-talking — are, Bloomberg News tracked Wednesday’s events in real time. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.

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This could be due to the rise of the Shiba Inu price in the time period. Another reason could be the hype surrounding the launch of Shibarium. With its recent marketing ventures, FTX appears to be targeting a mainstream audience.

btc stock twits

Members share short information posts relevant to specific stocks, and then use ‘cashtags’ to link their posts to these securities. Other members can then use a variety of tools to navigate these messages to find information that is important to them. Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months.

btc stock twits

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