401
views

LunarCRUSH – Helping Investors Decipher the Social Media Buzz

LunarCRUSH operates as a social media analytics and aggregated research tool. The platform enables users to gauge previously tricky metrics such as public sentiment towards a project. The system simplifies the process through the introduction of a proprietary scoring system and more. 

LunarCRUSH continues to see growing popularity in the sector. As such, the network has expanded its efforts. Today, LunarCRUSH monitors over 30,000 links collected daily. These links span over 200 million social media posts and across +2,000 supported cryptocurrencies.

How Does LunarCRUSH Work?

There are a variety of different problems that LunarCRUSH users can avoid. For one, they save countless hours that could have gone on combing social media networks searching for mentions. The network’s unique monitoring capabilities allow users to measure the impact of social media on a particular cryptocurrency. 

Have you ever scrolled through your timeline and seen a mention of a new crypto project? The rise of DeFi (decentralized finance) and the NFT (non-fungible token) markets have flooded the market with new and exciting projects. Until recently, there was no way to tell if this social media hype was network-wide or simply the result of an echo chamber.

Avoid the Echo-Chamber

A social media echo chamber is a term that describes when a user receives only information that fits their narrative. This situation occurs due to the way social media works. If the people you follow share the same views, an echo chamber scenario can happen very quickly. The problem with an echo chamber is that it is impossible to gain an accurate market overview of a project because all the information you receive is based on your personal network.

In the past, projects such as Bitconnect have organized very active and targeted social media campaigns. The company went to great extents to portray a positive picture via its significant social media presence. Sadly, the entire promotion was a ruse as Bitconnect turned out to be nothing more than a glorified Ponzi scheme which led many investors to lose their bags in the hype. 

Machine Learning 

LunarCRUSH provides a solution to these problems. To accomplish this task, LunarCRUSH employs advanced crypto-specific machine learning algorithms. This way, it gathers information, which it organizes depending on its importance and popularity. These scores then feed more extensive metrics such as the platform’s Galaxy Score. This approach makes it easier to gauge if users are overall bullish or bearish on a coin. 

Spam Posts

The advanced ranking and machine learning integrated into the network helps investors distinguish accurate information from fake or spam posts. Social media is always packed with inaccurate information. Sometimes this info is just a simple mistake, and other times it’s part of a more extensive miss-information campaign. LunarCRUSH users can quickly tell the difference between real and fake crypto news. 

The Benefits of Using LunarCRUSH to Monitor Crypto Projects

LunarCRUSH provides in-depth social media data and crypto exchange prices to the market. The network is free to use, and developers can even build on top of its infrastructure. In this way, LunarCRUSH provides exchanges, hedge funds, and media sites direct access to real-time data provided by the network. 

LUNARSTREAM API

The LUNARSTREAM API enables Dapps to access LunarCRUSH’s real-time data and improve the user experience. You can also integrate this valuable information into your website using the widgets and charts features. The network’s API uses tried and tested technology to streamline the integration process. 

How Does LunarCRUSH Work

LunarCRUSH leverages an advanced artificial intelligence machine learning mechanism to sort through the endless streams of information found on the top social media channels. Using the dashboard, users can also track holdings, markets, and specific coin details. The system evaluates Twitter activity, Reddit, link popularity, news activity, and Google search volume to determine a coin’s score.

Galaxy Score

The Galaxy Score is part of the network’s unique ranking protocol. This score is based on moving averages and market value. It also combines community metrics gathered around the web and other performance-related data, including the correlation rank and social impact scores, as part of the ranking process.

Social Impact Score

The social impact score is a metric that measures the awareness a project possesses. This score is based on the volume of mentions and the number of interactions a project has across the top social media boards. The more active a social media community is about a project, the higher the chances that the token’s value will increase. 

Correlation Rank

The Correlation Rank is a score that compares social data to the price and trading volume. This helps you determine if the mentions are due to user support or a calculated campaign to boost online comments. Notably, this score and the social impact score make up smaller components of a project’s Galaxy Score.

AltRank

Another way that users gain valuable insight into a project is the Altrank. This score combines an altcoin’s price performance relative to Bitcoin and social indicators. This ranking can be a helpful tool when determining what projects are up and coming in the market. It can also help investors to spot new trends.

Influencers

LunarCRUSH users can see more than just project details. The platform also provides a lot of data on influencers. Specifically, the system ranks influencers based on their engagements level, followers, and post frequency. This option is helpful to both investors and new projects seeking to use their marketing dollars effectively. 

LunarCRUSH – A Vital Tool for Any Investor

Given the overall influence that social media has on the investment world today, it’s good to see that platforms such as LunarCRUSH exist. The network enables regular users to finally gain a market overview that was previously unavailable. Additionally, the platform allows developers to effortlessly access this information in an accessible manner.

Bitcoin live price
Btc
Bitcoin
$19.040,04
price
1.95763%
price change
BUY NOW

LunarCRUSH helps the entire blockchain community by improving accuracy and providing responsive information for free. 

Stay up to date with our latest articles

More posts

indu4.0 – The Digital Marketplace for the Manufacturing Industry

indu4.0 is a digital B2B marketplace for the manufacturing industry, aiming to make the bridge between supply and demand faster, more efficient, and cost-effective. The company behind it, Indu4.0 AG, operates from Lucerne, Switzerland. It has already succeeded in integrating numerous complex industrial products and services with a sophisticated filter system in a user-friendly platform. This indu4.0 review looks closely at one of the most ambitious projects seeking to establish a blockchain presence for the behemoth-sized manufacturing industry. Read on…

SpurDex – A Cross-Chain DEX Platform for Hassle-Free Trading

SpurDex is a cross-chain DEX platform that supports the hassle-free trading of digital assets. The platform aims to provide a decentralized, secure, and user-friendly experience for all its users. SpurDex aspires to establish a safe and secure environment for digital asset trading. What Is SpurDex? SpurDex is an easy-to-use cross-chain DEX platform allowing you to trade digital assets in a new manner. It utilizes smart contracts to facilitate the exchange of tokens between different chains. SpurDex wants to provide the…

Hami Network – The Next Level Launchpad for Investors and Project Owners

Hami Network, an all-in-one cryptocurrency platform, revealed its new investor-friendly launchpad helping projects gain more traction from their first day in the cryptosphere. Additionally, the project started the Seeding Round A for its HAMI token on August 19, ending on September 8. Investors can board the initiative or join the Seeding Round B on PinkSale from September 1 to September 14. This short Hami Network review looks closely at the project's new launchpad and features. Read on to learn more…

BC.Game – A Complete Casino and Sportsbook Experience

BC.Game is a crypto casino offering the widest variety of crypto deposits and withdrawals. The website features over 6,000 games, including BC Originals and house games. Most importantly, it operates as a casino and a sports book allowing users to play with crypto and fiat currencies. This BC.Game review dives deep into one of the most popular cryptocurrency casinos. Read more about its features, games, supported currencies, and payment methods! BC.Game in a Nutshell BC.Game launched in 2017 as a…

ZUNAVERSE NFT Marketplace – Discover, Collect and Sell NFTs

ZUNAVERSE is an NFT-centered platform on BNB Chain aiming to make non-fungible tokens (NFTs) more accessible to everyone. The project is developing rapidly and incorporating an NFT marketplace, a proprietary token (ZUNA), and a brand new NFT collection, the ZunaNauts. This short ZUNAVERSE review looks closely at one of the latest NFT marketplaces to enter the market. Read on to discover its many features and plans! ZUNAVERSE in a Nutshell ZUNAVERSE plans to rival the industry-leading NFT marketplace. To this…

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Decentraland – A Virtual Reality Platform Unleashing the Blockchain Potential

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Chain Pet – A Play-to-Earn Ecosystem for an Enhanced Crypto Experience

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

LoserChick – A GameFi Crypto Platform Relying on Staking

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…

DeNations – A Global Play-to-Earn Crypto Experience

DeNations is a popular platform for gamers who want to get involved in the crypto market. Users can expand their nations, build civilizations, and earn rewards. The gaming industry is growing rapidly, and DeNations provides an excellent opportunity for gamers to get involved.  This review will analyze the main features of DeNations that appeal to crypto investors and gamers. What is DeNations? For those who like to earn prizes while having fun, DeNations can be an appealing platform. Each nation…