proxy studio

dashboard: cast data & token price (degen)
creator: @0xguss3 
tags: forensics, onchain, social
notes: how generalized is this correlation, and how predictive can it be? degen a unique case with lots of social noise that has specific utility within related to token distribution. Farcaster cast trends also likely correlated with the broader crypto market (bull = uptick in user, bear = downtrend)

Dawe, Kudus Regency, Central Java, Indonesia

dashboard: cast data & token price (degen)
creator: @0xguss3 
tags: forensics, onchain, social
notes: how generalized is this correlation, and how predictive can it be? degen a unique case with lots of social noise that has specific utility within related to token distribution. Farcaster cast trends also likely correlated with the broader crypto market (bull = uptick in user, bear = downtrend) 
https://dune.com/gussan_0214/tokenandsocialonfarcaster

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.

I once said that $DEGEN is the pulse of Farcaster, and that's not false, because in Feb. and Mar., the correlation between $DEGEN's price and Farcaster's total cast once exceeded 0.9. However, as Degen became known outside the Farcaster community and was regarded as a leading memecoin on a base chain, this correlation has declined. 

and the macro crypto market will, of course, affect all memecoins in the Farcaster ecosystem, including $DEGEN, making it difficult to distinguish which has a greater impact: the overall crypto market or the Farcaster ecosystem memecoins.

founder /openventures | /proxyswap | tokenbot @clanker

I once said that $DEGEN is the pulse of Farcaster, and that's not false, because in Feb. and Mar., the correlation between $DEGEN's price and Farcaster's total cast once exceeded 0.9. However, as Degen became known outside the Farcaster community and was regarded as a leading memecoin on a base chain, this correlation has declined. 

and the macro crypto market will, of course, affect all memecoins in the Farcaster ecosystem, including $DEGEN, making it difficult to distinguish which has a greater impact: the overall crypto market or the Farcaster ecosystem memecoins.

https://warpcast.com/0xluo.eth/0x26a9f3c7

Degen

https://warpcast.com/proxystudio.eth/0x333584f3

.9 is insane correlation.would love to see more research into this topic

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