Research conducted by Southern Methodist University showed that trends on Twitter and Google influence prices of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).

According to the data collected from the tweets on Twitter and Google search volume index (SVI), the number of tweets and their positive or negative sentiments affect the prices of cryptocurrency. The research indicated that the number of tweets changes first and then prices change later.

Theoretically, if the users’ sentiment towards a certain cryptocurrency could be measured, then the price pattern of that particular cryptocurrency could be easily estimated.

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Read More: https://coinidol.com/twitter-google-trends/