1. What is the KOL Index?
The KOL Index is an indicator that measures the discourse activities of Key Opinion Leaders (KOLs) on specific coins on social media. In the cryptocurrency field, KOLs are usually individuals with a large following on social media, and their tweets and comments may have a significant impact on the market.
2. How to Use the KOL Index?
2.1 Observing the KOL Index
First, use the KOL attention index to monitor the activities of well-known KOLs on social media, especially their mentions of specific coins. When multiple KOLs focus on a particular coin, it may be a precursor to a bullish market (significant price increase).
Web3- On-chain Opportunities- Attention Ranking, check the K-line of coins mentioned by KOLs.
Open the KOL Index
2.2 Evaluating the Market Influence of KOLs
When observing the KOL Index, evaluate the market influence of KOLs. Mentions by well-known KOLs typically have a greater market influence, and they may trigger a larger market response on social media. If a well-known KOL starts mentioning a particular coin, it may be a potential sign of a bullish market.
Web3- On-chain Opportunities: Click to filter KOLs with higher success rates.
Check the number of followers corresponding to KOLs. The more followers they have, the greater the exposure of the mentioned coins.
Find the list of coins mentioned by the followed KOLs.
Click on a specific time point -> Enter the K-line backtesting of the tweet content.
Click on a specific KOL's profile picture to view details of the mentioned coin's tweets.
2.3 Cross-validation
Cross-validate the KOL Index with other market indicators. If KOL mentions are associated with price increases and accompanied by high trading volume, this may be a strong sign of a bullish market.
An increasing number of mentioned KOLs & increasing trading volume are potential buy signals.
3. Related Links
AICoin Guide to Mining Dogecoin: https://www.aicoin.com/article/365878.html
On-chain Tracking Guide: How to Use the Web3 Module to Track Smart Money: https://www.aicoin.com/article/374342.html
Download the latest version for PC experience: https://www.aicoin.com/zh-CN/download
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