CryptoDep Announces Top Meme Tokens by Social Activity

CryptoDep, the crypto investment firm, has published its weekly list where it enumerates the social activities of meme tokens. CryptoDep uses metrics from LunarCrush, the social intelligence platform, to come up with this list. The metrics taken into account include various parameters such as social volume (including social mentions and activities), social engagement (such as most number of upvotes, favs, retweets, replies, and followers), and average sentiment. 

In their Twitter post, CryptoDep has placed Shiba Inu (SHIB) on top of the list with 79.3K social media posts created for the coin. Additionally, with an engagement of 61.4M, and an average sentiment of 59.8% — SHIB takes home the gold. The positivity in sentiments is reflected in SHIB’s value which has risen 2.9% in the last 24 hours. At the time of writing, SHIB is currently valued at $0.00003133, according to CoinMarketCap.

Dogecoin (DOGE) is second on the list. Despite its lower social volume (54.4K), DOGE shines with a massive engagement volume of 152M people. This meme coin overtakes SHIB as the token with most social media engagements. Consequently, DOGE’s value has risen 2.9% in the last 24 hours and is currently valued at $0.150215.

CateCoin (CATE), the feline-themed meme coin is third on this list with a collective social volume of 6.66K and an engagement volume of 3.26M. Also, CATE’s value has risen an astonishing 11.9% in the last 24 hours. It is currently valued at $0.00000197.

The other tokens on the list are FLOKI, MARVIN, EARN, PIT, MONSTA, ELON, and BABYDOGE. Their social engagements range from 3.77M to 177K. These tokens also have considerably favorable sentiments with PIT scoring the highest sentiment among all ten coins — 64.2%.

Social media has always played a pivotal role in the growth of cryptocurrencies. Therefore, investors must keep a close eye on social volumes and mentions, and keep a track of these metrics.