Before investing in digital coins, you need to know how popular they are. The number of coins in which you can invest your money is almost endless. However, there are those that guarantee high profits, while others are more of a gamble. This is the reason you need a system that will tell how popular each one of the coins is. One of the systems that you can use for this purpose is Social Volume (Solume.)
What Is Solume?
Solume is an online platform that helps one to know the number of people that are talking about a particular coin across various social media websites. It collects information whenever a coin is mentioned, and this is used to gauge its popularity. Anyone that has invested in Cryptocurrency knows that social media is the place where it is, much talked about, and it can help to spur sales and profits.
Currently, the website collects its information from Twitter and Reddit. Whenever a person talks about these coins on these two platforms, the data is captured. However, they also are in the process of moving to other platforms such as Facebook, LinkedIn, Instagram, and many others. The aim is to find out the coins that people talk so much about so that you can know where to put your money, and where to avoid.
How Solume Analyzes Social Media Crypto Trading Prices Chatter
Most digital coin traders spend a lot of time scanning through social media posts and comments just to know the coins that are popular. This is something that can take too much time and resources. In fact, there are those who have to pay people just to get such information. If you have ever been in such a position, you do not have to worry anymore because with this platform, you can have a look at any coin you wish, and invest wisely.
One of the reasons this website is more useful is because the coins are measured based on various parameters. For example, you can choose to view the coins that have been mentioned most in the last 24 hours. Just by clicking on a button, they will be displayed to you starting with the most popular one to the least mentioned, or the other way around depending on what you choose.
Keeping Track Of What Is New At Solume
If you want to keep up with the latest information on this platform, you do not have to struggle too much. In fact, you do not even have to be logged on all the time. This is because you can follow them on various social media platforms such as Twitter, Telegram, Medium, and Reddit. In addition to that, you can subscribe to updates from the website.
You also can get properties for advertisements from Solume. When you land on any of their web pages, you will notice that there is a special link that allows you to get these properties. It is one of the reasons you are always sure of increasing your profits when using these social mentions measurement tool.