Behind the tweets: insights on top 1,500 Twitter crypto influencers
The talk today will be about Twitter crypto influencers and crypto/web3 projects they’re discussing. The reality showed that these guys are called influencers since they can really INFLUENCE the coin’s price.
Let us remind you about ourselves, we are Contora.ai — an alternative data provider for the crypto industry, meaning that we’re engaged in analyzing crypto projects from the off-chain data perspective (mostly social and technology-related data).
Recently we started monitoring crypto Twitter and its activity. First of all, we manually selected well-known crypto influencers, then also mapped the ENS domains of people with their Twitter accounts and chose the most followed ones. This way we received a list of 1,500 influencers, and hasten to share the results with you:
Top tickers by the number of mentions by crypto influencers over the last week
Not surprisingly the leaders are BTC, ETH, and FTX (Fintrux Network got to the top accidentally since everyone is tweeting on FTX exchange news).
Except for the number of mentions, we also monitor the content and sentiment of tweets. For example, the latest news about Trump’s NFT collection increased the MATIC’s (Polygon) sentiment of Twitter mentions and brought 330k+ new users who minted NFTs:
Top tickers by the growth of Twitter influencers’ mentions over the last month
Looking at the most discussed crypto tickers will keep you up-to-date about the major players and market situation, but won’t help you to discover potential crypto/web3 startups that do not have such a massive fan base yet. Here are the top tickers by the growth of mentions by crypto influencers over the last month:
Hmm… CHZ may not look so familiar to some of you, let’s investigate why they’ve been discussed.
Chiliz is the blockchain fintech provider for sports & entertainment. The increase in the number of mentions was due to the 2022 FIFA World Cup which ended on December 18th. However, despite the fact that it expected to receive a boost throughout this period, the CHZ saw selling pressure and its price actually decreased by more than 50% during the World Cup.
Top tickers with the most positive/negative sentiment of mentions by crypto influencers over the last week
Our model is trained on over 100MM stock and crypto posts/comments, and we measure sentiment on a 0 to 1 scale, where 0 — is negative and 1 — is positive.
Here’re the top tickers with the most positive sentiment:
Top tickers with the most negative sentiment:
Interesting facts on Twitter crypto influencers you won’t find on the web
🟢 The number of active influencers (those who mentioned some crypto project at least once over the last month) is 996 out of 1,500
🟢 Active crypto influencers tweeted in total 110k times for the last month
🟢 Influencers mentioned 1,431 unique crypto assets over the last month
🟢 On average, each crypto influencer mentioned any of the tickers 26 times
🟢 On average, each crypto influencer mentioned 1.4 unique tickers
🟢 441 (~44%) of active influencers were only talking about altcoins in the last month
🟢 The total number of followers for these active crypto influencers is 358,853,671 (Elon took 1/3 of this figure with 122M followers)
🟢 The average number of followers each influencer has is 360,294
That’s all the insights for today! If you have any other ideas/use cases on how this data can be utilized — let us know in the comments below or DM (Vlad Ilnitskiy or Bohdan Ivanov). And don’t forget to leave your claps (👏)!
Just a quick note that even if you’re following many crypto influencers, it is crucial to be cautious about the information they share on Twitter. Not all influencers are reliable sources of information, and it is always important to do your own research and consider multiple sources (the combination of on-chain and off-chain) before making any investment decisions.
P.S. If you represent a business and would like to access this and many other off-chain data indicators (followers on social networks, Reddit and Twitter sentiment, development activity), please reach out at contora.ai.
