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

founder /openventures | /proxyswap | tokenbot @clanker

A more interesting analysis is take the "1000 best accounts" (your definition) and see how correlated it is.

Aggregate protocol data in a permissionless protocol is low signal

definitely, the fun part for me here is how to weigh and measure each: social & onchain activities. 

what social behaviors were indicative of early degen buzz, what onchain signals told that same story, and how do they relate?

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.

"Best?" Are we talking about activity or influence? It's very tricky.

If you missed it, the correlation between daily casts and DEGEN price is telling. R = 0.82

Best = pick the 1000 most interesting accounts from your pov

"Best?" Are we talking about activity or influence? It's very tricky.

If you missed it, the correlation between daily casts and DEGEN price is telling. R = 0.82

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