Btrz_JokerBTC_728x90_en.gif

Twitter and Google Trends Interest Precedes Cryptocurrency Price, Study Finds

The volume of tweets and Google Search Volume Index (SVI) were found to be leading price indicators for Bitcoin and Ethereum, according to a research paper published by the Southern Methodist University.


In the paper, researchers gathered data on Twitter mentioning Bitcoin and Ethereum; the same was done using Google trends. Building on the ideas of previous research, the hypothesis was that the number of tweets and their sentiment (positive and negative) can influence prices. In the study, it was uncovered that the number of tweets and Google searches changes first before prices do.

Read More at Bitcoinist...


Antminer Banner.png