{"id":137057,"date":"2024-09-10T20:30:53","date_gmt":"2024-09-10T17:30:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137057"},"modified":"2024-09-10T12:47:58","modified_gmt":"2024-09-10T09:47:58","slug":"chainlink-sees-surge-in-social-media-attention-despite-drop-in-holders","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/chainlink-sees-surge-in-social-media-attention-despite-drop-in-holders\/","title":{"rendered":"Chainlink Sees Surge in Social Media Attention, Despite Drop in Holders"},"content":{"rendered":"<p>Santiment, an analytics firm, highlighted a recent surge in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/chainlink\/\">Chainlink\u2019s<\/a><\/strong> \u201cSocial Dominance,\u201d a measure based on Social Volume.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udd17\ud83d\udcca LINK\u2019s discussion dominance across social media is officially at its highest level of 2024. Combined with declining total holders, this is generally a bullish signal if markets stabilize this upcoming week. The asset sits at $10.22, a -18% drop since its Aug 18 local top. <a href=\"https:\/\/t.co\/CNni4rz2Mr\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/CNni4rz2Mr<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1832829881849377123?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Social Volume reflects the amount of discussion about a term across major social media platforms by counting unique posts rather than total mentions. This approach aims to provide a clearer picture of widespread engagement rather than skewed by niche discussions.<\/p>\n<p>Chainlink\u2019s Social Dominance, which tracks the share of social media talk about the top 100 cryptocurrencies attributed to Chainlink, has been on the rise. The metric now accounts for about 1% of the total Social Volume among these top cryptocurrencies, reaching its highest level in 2024.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/dogecoins-chart-pattern-suggests-potential-for-market-recovery\/\" title=\"Dogecoin\u2019s Chart Pattern Suggests Potential for Market Recovery\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Dogecoin-payment-1140x600-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Dogecoin\u2019s Chart Pattern Suggests Potential for Market Recovery<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite this increase in social media attention, the number of Chainlink holders has decreased. Over the past month, approximately 1,867 addresses have been emptied.<\/p>\n<p>Santiment attributes this decline to capitulation among smaller holders, suggesting that while social media interest is growing, the exit of small investors could signal a bullish trend if the market stabilizes in the coming week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent data indicates that Chainlink has gained significant traction in social media discussions, which could be a positive sign for its price.<\/p>\n","protected":false},"author":3,"featured_media":106926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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