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LunarCRUSH Market Update October 7 | LA Blockchain Summit

Jon Farjo
Co-Founder, Chief Product Officer at LunarCRUSH
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LA Blockchain Summit 2020
October 6, 2020, Online, Los Angeles, CA, USA
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About the talk

Jon Farjo of LunarCRUSH kicks off day 2 of the 7th annual LA Blockchain Summit with an overview of how the market is looking like the morning of Wednesday, October 7th.

LA Blockchain Summit is hosted and produced by the Los Angeles-based blockchain venture studio, Draper Goren Holm.

Website: https://lablockchainsummit.com/

Twitter: https://twitter.com/LABlockchainSmt

LinkedIn: https://www.linkedin.com/company/lablockchainsummit

Facebook: https://www.facebook.com/LABlockchainSummit/

YouTube: https://www.youtube.com/channel/UCmFZ5Pz4G-zZfnAmY4lJwxg

About speaker

Jon Farjo
Co-Founder, Chief Product Officer at LunarCRUSH

Obsessed with digital currencies since 2013, Jon Farjo is currently the Founder, Chief Product Officer of LunarCRUSH. LunarCRUSH delivers community insights to cryptocurrency investors, exchanges and funds through lunarcrush.com and the LunarCRUSH API. Jon has a diverse background in crypto trading strategies, user experience, artificial intelligence, product planning, and marketing for global brands.

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Alright, Jon and 3-2. Good morning everyone. I'm super excited to kick off, Nate's U of L, A blockchain Summit. I'm John Fargo, ND co-founder and chief product officer of Luna crush and today I'm going to give you a market update. I'm going to Twisted a little bit. I'm going to talk about more Community Trends but we will talk about some coins along the way. I just want to tell you a little bit about what it is. Lunar Crush does, as we say without Community, there's no crypto and we really

aim to bring transparency, we bring transparency to all of that crazy Community activity that you see every day and all your favorite social channels out there. And we do that through. We collect Social and Market, dated for over two thousand coins currently in Reading More all the time and so far, we've collected over 250 million post at a rate of about 400. 700000. Post at that, we analyze every single day. I say Annalise because we use artificial intelligence to classify for sentiment for spam and we do all sorts of great things. And we do that through Luna crush.com which is totally

free to sign up and we can go in there for free. Right now is sign up and get all descend via is analytics in real time for free with that. I want to talk a little bit about the market today so what we're seeing, so as far as volume goes, which would volume really represents. Is those are the dimensions of all of the different coins that are in our system and every time someone mentions been so relaxed, twenty-four hours, we've collected about $290,000 for some comparison lately that's been about 240, to 250 thousand a day. So it's off of it today, I'm social engagement.

That's all you retweet, your comments and all of that deeper level engagement, a 705 million over the last 24 hours. So a lot of activity there and within all those posts were seeing 60000 +, share your eyes out there, so a lot of activity. So I want to get some depth to these numbers and talk about what these trap. We're seeing out there was something. That's not so fun and that is Spam. So I'm sorry you did not win the sushi, give away or the uniswap giveaway. We're seeing a lot of this. A lot of times people are posting and he said the responses from a lot of

fake counts. So we got a pretty good job to take out for this stuff and understand infects them is actually a metric. So, I we collected, we eliminated from the photos that I just showed you, but it is way up. I'm so that is one thing that we're noticing. Raza seeing that giveaways are on fire and, and there's a lot more giveaways now, that I think we've ever seen. And I, we classify those as well, and some are gray and some are more stable than others, but really it's about our why are space love giveaways. They love to be giveaways versus every highest percentage of means of

trying to stalk your engagement on your account. So we're seeing a lot of that, but on a serious note, We're seeing a lot of political post. So you know yesterday, for example, Beyond crypto, even we saw all markets. Take a bit of a dump when Trump said that there's going to be a delay and he was still at the election. So we're seeing things like that, Ross has seen things like, am no, billionaire investors, light to safety. They're looking at Bitcoin is, how do I, how do I save my money? How do I earn money? How do I not have? The

government. Just keep endlessly printing, money and taking it from me. So there's a big big volume of politically oriented post that are a huge engagement. There's a lot going on there again on the negative side. As we've seen the last a week, your last two days seem to point hacks, in some positive news or some of the coins were covered their tracks, without their Haze, in the US government come after them. And so, there's a lot of negativity from exchanges and that's had some influence out there. Max B arrested. So, I think we saw this. We heard this a lot

yesterday from a lot of the different speakers, and it's been a whole lot of Engagement, and tons, and tons of posts and shared links around McAfee being arrested, at least he's charging him with that $23 in illegal Bitcoin. And I see you again so. Yep. Okay, so exciting front on the positive side. That's reserves are now moving into Bitcoin. So Michael Saylor, the CEO of micro strategy, you're putting cash, reserves in, and it's this is this cannot be more exciting to us. There's a lot of chatter around this and we hope to see a lot

more companies do this. So, very exciting, really great direction, we're seeing metamask go, absolutely crazy. So, this moves right along side, the defy craze and uniswap and all the decks is there out there. So they just crossed a million monthly active users. And they're not saying a whole bunch more things as well recently here, but parabolic Refuge absolutely amazing for metamask. I'm in another thing that we're seeing more of than we've seen recently is ripping more Partnerships. So across the board and, you know, yesterday was it was eos with Google Cloud. A lot with chain-link, I

seems like we're seeing a lot of different things going on out there, so really across-the-board. This is a really big deal. When you consider that we're seeing increased activity, really not it in a Crock, A 1.8 throttle spacer, Partnerships are huge, it's great. That looks more like adoption and of course, of course, got to throw this in there cuz yes, there is a lot of friend activity around, La blockchain Summit. So I'm wasting a lot of poster on this the last 24 hours. So good job everyone. I say to keep on sharing spread the good word of crypto and where, you know, where is

all the stuff coming from. So, one of the things that we do is we track influencer activity right now for Twitter, and what we do is we have ejected. Look at it, if not like we're in a room saying, who's most influential everyday, we Objectively look at every single post, it comes through, who it came from the engagement is on that post and and the activity of an individual account and it is they're following increasing, is it relatively stronger than one another? And then we break that down by time because if someone influential one day they may not be next week. And so we look at all

sorts of different things and notice how I didn't put sentiment in there. Now there's there's individuals like Max Keiser, super Bitcoin ball Bitcoin magazine David gottstein, shout out. And and then there's people like Peter Schiff where a lot of people would say but he's not an influential actually he's very influential because most of our community comment on his post and so we we give him that influence and so its influence is less about sentiment and much more about that. I have an engagement. To look at some coins. It was hot. So there's four things I want to talk to start in

the top left. So, just social volume, you know, just to get some relative understanding of where we're at Bitcoin. Over the last 24 hours at about a hundred and ten thousand social mansions that we've captured versus say, compare that to tether, Heather said 2293. And so we've seen lately uniswap and Bitcoin kind of duking it out. There's been a lot of activity run uniswap which is amazing and even urine. Finance Racine a lot around that in a lot of 55 projects on the social dominance on the bottom left. There is 33.21 per cent of all social post out there.

The same Dimension here is this was over sixty to seventy percent three months ago. So we're seeing Bitcoin social dominance drop a lot and I missed your message yesterday in the morning update. Racine that social activity be replaced by a lot of defy project and so defy starting to come up and there's a lot of these are projects which A cross between engagement lots of Engagement of Victorian more than everything else. Again 400 million engagement over the last 24 hours versus Litecoin has four million innocent number 10th place and then. Alright. Alright, for seeing Yost, the number

one outrank and what is all drank, all rank is social activity. Press Plus Market activity, that market activity, has to be beating bitcoin price. And so what we end up seeing his coins that are both having a lot of social activity and Performing very well. So just want to leave a couple minutes. And so what I wanted to do was talk a little bit about defy and just give some a little bit of understanding with were at. So, you know, a few months ago, we had just a handful of these projects on her site going to have over a hundred in a few days. I'm sure we'll have 200 + 500 + 1030, but just where

is it at? And so will be looked at where it's at. I'm in general, there's less than 2,000 social mentions per day for most of these projects. So I threw Bitcoin and ethereum in here. So you could kind of see what's going on here, need to swap, but other than say you're a finance chain link and Sushi, we're seeing that. Everything else has less than 2,000 social missions per day at work out drink. So the volume is still really low, it's still really early. These communities are still really small and so just keep that in mind that it's it's not like this is saturated, there's hardly anyone

talking about it relatively speaking, even though we're all in this space and think I was talking about defy, its early Another thing to say is like, even when we talked about the engagement Bitcoin has had over about a hundred and ten, I'm sorry. Wrong number about four hundred million social engagements in the last 24 hours. If I compare that to say balancer is 1.6 million but compare that to say, Serum is 3.3 million, so small still early there still a lot of room to run and grow at these projects and we'll see how this all shakes out over the coming months and

years. And with that I will just tell you I check out Luna crush.com, check us out on Twitter at. Luna Crush. I'm happy to answer any questions. You can message me on or do you have a great day?

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