[ad_1]
The Twit Says XRP Tweet Volume is closely related to the volume of XRP exchanges
The Tie, the body that published the statistics said that the peaks in the volume of XRP exchanges occur simultaneously with the peaks in the volume of XRP tweets. The post was as follows: "The volumes of XRP exchanges and the tweet volumes are strongly correlated.The statistics show that a peak in the volume of tweets is usually followed by a peak in the volume of exchanges for xrp.In some other cases, a peak in trading volume will quickly be followed by a peak in the volume of tweets ".
Most of the time, tweets and trading volumes reach a peak in unison. A typical example, according to The Tie, was the XRP volume on October 2nd 2018 in October. When the volume of XRP tweets has increased, the volume of exchanges has been increased. The correlation was also observed some times in December 2018 and January 2019. In November 2018, it was the volume of trade that increased before the volume of tweets.
The relationship between XRP's trading volume and tweets shows that the XRP community has strong feelings that influence asset trading. This feeling is not limited to the XRP community. Members of the Bitcoin and Ethereum community also have a feeling that links the volume of exchanges to the volume of tweets. However, the relationship is not as strong as that of the XRP community.
Not everyone in the cryptocurrency community was happy with The Tie review. Many critics have said that there is no relationship between the volume of tweets and the volume of exchanges if dealing with XRP or BTC. A Twitter user called Goatmuscle had this to say about it: "It's normal to see investment houses pump specific stocks on social media, big companies pay rampant and decanters to boost a specific asset. you will see many examples. "
Another user with the Tiffany Hayden handle said:
"It is normal for cryptocurrency enthusiasts to look for information about certain resources on Twitter, and service providers also answer questions about wrong tweet pumps on Twitter."
XRP Price Analysis (XRP)
XRP is currently the third largest cryptocurrency by market capitalization. He fell in third place after occupying second position for more than a month, while Ethereum remained in third place according to CoinMarketCap.
