Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies
Cointelegraph
Published Jul 16, 2021 06:30PM ET
Updated Jul 16, 2021 08:00PM ET
A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results.
Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to spot opportunities; fundamental analysis, which involves looking at a project’s underlying economic and technological factors; and social media metrics, which help an investor listen to the pulse of what the wider public is focused on.
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Written By: Cointelegraph
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