Data

The diagram compares the daily average price of $DEGEN with the total number of casts on Farcaster. It appears that, in fact, $DEGEN is the pulse of Farcaster.

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

Hey! I've recently purchased your cast! You can now claim your 🎩 DEGEN tokens on jam! 🟣 https://jam.so/ 🟣

fascinating, and will be interesting to see if that continues over time or if the relationship changes in the future

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I can show you a graph displaying the prices of $degen and casts include $degen, but their correlation is not as strong as the correlation between $degen price and total casts. This query is public, and anyone interested can conduct further research.
https://dune.com/queries/3472316/5835997

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And here is the chart showing the number of casts excluding those containing $degen, as well as the corresponding prices of $degen. These two factors are also highly correlated.

can you please breakdown this graph into two:

$degen avg price x casts containing only an amount of $degen + emojis or “nice” or “wow”

$degen avg price x all other casts 

will pay you 20 USDC @bountybot

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Whoa. What’s the R^2 for this correlation? Gotta be at least 0.7!

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Are there any other ways to invest in FC? I’m a huge believer. (Apologies if that is a silly question) I’ve bought a bunch of DEGEN as a way to invest…

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This is pretty crazy and a really fascinating signal.

Lot to unpack here but absolutely love tracking this.

Huge correlation between number of ticker mentions and price increase - this feels like a step further with tips.

10000 $DEGEN

around the block | prev burrata, chainalysis, circle, & draftkings

I view this cautiously. With channels, content can be divided, allowing different interest groups to coexist on FC. While the early culture of FC and degens may not align, as you know, most people in crypto are degens. For FC to be a social platform in crypto, it needs inclusivity.

I don’t think degen being the pulse of farcaster is a good thing. Only people who seem to support this are those with a large position or airdrop farmers. 

If anything degen is the collapse of farcaster as we once knew it. everyone is trying to make a quick buck on here these days.

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my pleasure 🫡 I’m a loyal fan of your articles

will edit my article on the matter and add this chart if you allow me

Chronically online degen since the AOL days.

I'm not a trader, I just trade a lot.

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on base chain

https://dexscreener.com/base/0xc9034c3e7f58003e6ae0c8438e7c8f4598d5acaa

Where can you buy degen, is it ethereum token?

事实是剔除了$degen打赏后的cast数量甚至跟$degen价格更加相关。理解成farcaster上龙头土狗价格越高，上面就越热闹。如果其他土狗也爆火，也会为它贡献流量。

Ⓗ ↑gher

host：/dev-memes

active：/recaster

事实是剔除了$degen打赏后的cast数量甚至跟$degen价格更加相关。理解成farcaster上龙头土狗价格越高，上面就越热闹。如果其他土狗也爆火，也会为它贡献流量。
https://warpcast.com/0xluo.eth/0x7fdafbeb

那是不是打赏类的都会关联cast数量增长。比如🍖

500 $degen

should be % change in price (and maybe % change in # of casts, worth checking both) 🤓