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proxy
@proxystudio.eth
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
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Dan Romero
@dwr.eth
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
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Niko
@nikomfer.eth
"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
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Dan Romero
@dwr.eth
Best = pick the 1000 most interesting accounts from your pov
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Dr B lizardo
@bluelizardo.eth
that’s an undeniable fact, but it’s measuring quantity, not quality. And by quality, I just mean non-bots, nothing more
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